Barrick Gold Co. (ABX) Director Acquires C$1,019,492.01 in Stock
Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Kelvin Paul Michael Dushnisky purchased 56,733 shares of Barrick Gold stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of C$17.97 per share, for a total transaction of C$1,019,492.01.
Shares of Barrick Gold Co. (ABX) opened at C$18.06 on Monday. Barrick Gold Co. has a 1-year low of C$17.61 and a 1-year high of C$27.19.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.037 dividend. This represents a $0.15 annualized dividend and a yield of 0.82%. This is an increase from Barrick Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 29th. Barrick Gold’s payout ratio is 4.64%.
ABX has been the topic of several recent research reports. TD Securities reduced their price target on Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Canaccord Genuity dropped their target price on Barrick Gold from C$27.50 to C$25.00 and set a “buy” rating on the stock in a report on Friday, October 20th. BMO Capital Markets reissued a “market perform” rating and issued a C$18.00 target price on shares of Barrick Gold in a report on Friday, October 13th. CSFB dropped their target price on Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. Finally, Royal Bank Of Canada downgraded Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$21.00 to C$18.00 in a report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Barrick Gold has an average rating of “Hold” and an average price target of C$22.43.
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Barrick Gold Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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