Barrick Gold (TSE:ABX) Director Pekka Juhani Vauramo Purchases 12,400 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Pekka Juhani Vauramo purchased 12,400 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average price of C$65.41 per share, with a total value of C$811,084.00. Following the completion of the transaction, the director directly owned 12,400 shares of the company’s stock, valued at C$811,084. This represents a ∞ increase in their position.

Barrick Gold Trading Up 5.6%

Shares of ABX stock opened at C$65.32 on Friday. Barrick Gold Co. has a fifty-two week low of C$24.28 and a fifty-two week high of C$74.00. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The stock’s fifty day moving average is C$63.92 and its two-hundred day moving average is C$50.69. The firm has a market capitalization of C$109.43 billion, a P/E ratio of 22.29, a PEG ratio of 2.34 and a beta of 1.47.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, November 10th. The basic materials company reported C$0.58 EPS for the quarter. The business had revenue of C$3.41 billion during the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. Research analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABX has been the topic of a number of research reports. JPMorgan Chase & Co. set a C$92.00 target price on shares of Barrick Gold and gave the stock an “overweight” rating in a research note on Thursday, January 29th. BNP Paribas Exane upgraded Barrick Gold to a “strong-buy” rating in a research report on Friday, December 5th. DZ Bank upgraded Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. ATB Cormark Capital Markets cut their target price on Barrick Gold from C$100.00 to C$94.00 and set a “moderate buy” rating for the company in a research note on Monday, February 9th. Finally, Stifel Nicolaus lifted their price target on Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Barrick Gold presently has a consensus rating of “Buy” and a consensus price target of C$73.50.

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.