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

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

Barrick Gold Stock Performance

TSE:ABX opened at C$65.32 on Friday. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The firm has a market cap of C$109.43 billion, a PE ratio of 22.29, a P/E/G ratio of 2.34 and a beta of 1.47. The firm has a 50 day simple moving average of C$63.92 and a 200-day simple moving average of C$50.84. Barrick Gold Co. has a 1-year low of C$24.28 and a 1-year high of C$74.00.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. set a C$92.00 price target on Barrick Gold and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Cormark boosted their target price on shares of Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$68.00 to C$70.00 in a research report on Monday, December 1st. BNP Paribas Exane upgraded shares of Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Finally, Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Six equities research 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 currently has a consensus rating of “Buy” and an average target price 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.