Barrick Gold (TSE:ABX) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$56.28 and traded as low as C$53.48. Barrick Gold shares last traded at C$53.92, with a volume of 10,066,174 shares.

Analysts Set New Price Targets

Several brokerages recently commented on ABX. DZ Bank upgraded shares of Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. ATB Cormark Capital Markets decreased their price objective on shares of 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. JPMorgan Chase & Co. boosted their target price on Barrick Gold from C$89.00 to C$91.00 in a research report on Wednesday, February 25th. BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Finally, Stifel Nicolaus upped their target price on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Five analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$79.63.

Barrick Gold Stock Performance

The firm has a market capitalization of C$90.34 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.34 and a beta of 1.33. The company has a debt-to-equity ratio of 17.89, a current ratio of 2.92 and a quick ratio of 2.62. The firm has a 50-day moving average price of C$63.80 and a two-hundred day moving average price of C$56.28.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Thursday, February 5th. The basic materials company reported C$1.43 EPS for the quarter. The firm had revenue of C$8.01 billion for the quarter. Barrick Gold had a net margin of 29.39% and a return on equity of 19.79%. On average, analysts forecast that Barrick Gold Co. will post 2.2422764 EPS for the current fiscal year.

Insider Activity

In related news, Director Pekka Juhani Vauramo purchased 12,400 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was 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 purchase, the director owned 12,400 shares of the company’s stock, valued at approximately C$811,084. The trade was a ∞ increase in their position. Also, insider Graham Patrick Shuttleworth sold 100,000 shares of Barrick Gold stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total transaction of C$6,472,000.00. Following the sale, the insider directly owned 487,252 shares of the company’s stock, valued at C$31,534,949.44. This represents a 17.03% decrease in their position. 0.60% of the stock is owned by insiders.

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.