Insider Buying: Barrick Gold (TSE:ABX) Director Purchases 10,000 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Robert Ananda Paul Samek purchased 10,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of C$55.06 per share, for a total transaction of C$550,600.00. Following the acquisition, the director owned 18,900 shares of the company’s stock, valued at approximately C$1,040,634. The trade was a 112.36% increase in their ownership of the stock.

Barrick Gold Stock Up 0.3%

Shares of TSE:ABX traded up C$0.15 during trading on Monday, reaching C$55.06. 4,297,443 shares of the stock traded hands, compared to its average volume of 6,047,943. The stock has a 50-day moving average of C$57.37 and a two-hundred day moving average of C$60.37. Barrick Gold Co. has a 52-week low of C$27.15 and a 52-week high of C$74.00. The company has a debt-to-equity ratio of 17.29, a quick ratio of 2.62 and a current ratio of 3.06. The stock has a market cap of C$92.25 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. The company had revenue of C$5.81 billion for the quarter. Barrick Gold had a net margin of 32.04% and a return on equity of 23.48%. As a group, sell-side analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. ATB Cormark Capital Markets downgraded shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Stifel Nicolaus increased their price objective on shares of Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. lowered their price objective on shares of Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. Barclays set a C$56.00 price objective on shares of Barrick Gold and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, BMO Capital Markets increased their price objective on shares of Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$76.78.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.