Insider Selling: Barrick Gold (TSE:ABX) Insider Sells 100,000 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Graham Patrick Shuttleworth sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of C$64.72, for a total transaction of C$6,472,000.00. Following the transaction, the insider directly owned 487,252 shares of the company’s stock, valued at C$31,534,949.44. The trade was a 17.03% decrease in their ownership of the stock.

Barrick Gold Trading Up 5.7%

Barrick Gold stock traded up C$3.52 during mid-day trading on Friday, hitting C$65.36. The stock had a trading volume of 2,421,717 shares, compared to its average volume of 5,708,317. The stock has a 50-day simple moving average of C$63.75 and a two-hundred day simple moving average of C$50.44. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The stock has a market capitalization of C$109.50 billion, a PE ratio of 22.31, a P/E/G ratio of 2.34 and a beta of 1.47. Barrick Gold Co. has a 12 month low of C$24.28 and a 12 month high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.58 earnings per share for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. The business had revenue of C$3.41 billion for the quarter. As a group, sell-side analysts forecast that Barrick Gold Co. will post 2.2422764 EPS for the current year.

Analyst Upgrades and Downgrades

ABX has been the subject of a number of research analyst 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. Cormark lifted their price target on Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Stifel Nicolaus upped their price target on shares of Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a research report on Monday, January 19th. Six investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.