Mark Francis Hill Sells 88,000 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 88,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$57.85, for a total value of C$5,090,800.00. Following the completion of the sale, the director directly owned 380,598 shares of the company’s stock, valued at C$22,017,594.30. The trade was a 18.78% decrease in their position.

Barrick Gold Stock Performance

Shares of ABX stock opened at C$58.90 on Friday. The stock has a fifty day moving average of C$56.72 and a 200 day moving average of C$60.04. Barrick Gold Co. has a 52 week low of C$25.94 and a 52 week high of C$74.00. The firm has a market capitalization of C$98.69 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.34 and a beta of 1.62. The company has a quick ratio of 2.62, a current ratio of 3.06 and a debt-to-equity ratio of 17.29.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. The company had revenue of C$5.81 billion during the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%. As a group, research analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABX. Canaccord Genuity Group lowered their price objective on Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. Barclays set a C$56.00 price objective on Barrick Gold and gave the company an “equal weight” rating in a research report on Friday, May 22nd. ATB Cormark Capital Markets lowered Barrick Gold from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Stifel Nicolaus raised their price objective on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. Five research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$76.78.

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.