Mark Francis Hill Sells 36,969 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 36,969 shares of the business’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of C$55.93, for a total value of C$2,067,676.17. Following the transaction, the director owned 343,629 shares in the company, valued at approximately C$19,219,169.97. This represents a 9.71% decrease in their position.

Mark Francis Hill also recently made the following trade(s):

• On Monday, June 22nd, Mark Francis Hill sold 9,453 shares of Barrick Gold stock. The stock was sold at an average price of C$56.85, for a total value of C$537,403.05.
• On Thursday, May 28th, Mark Francis Hill sold 88,000 shares of Barrick Gold stock. The shares were sold at an average price of C$57.85, for a total value of C$5,090,800.00.

Barrick Gold Price Performance

ABX stock opened at C$51.86 on Thursday. The firm has a market cap of C$86.89 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. The company has a debt-to-equity ratio of 17.29, a quick ratio of 2.62 and a current ratio of 3.06. Barrick Gold Co. has a 1 year low of C$27.89 and a 1 year high of C$74.00. The stock has a 50-day simple moving average of C$56.97 and a 200-day simple moving average of C$60.37.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ABX. JPMorgan Chase & Co. decreased their target price on shares of Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. BMO Capital Markets lifted their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a research note on Wednesday, April 22nd. Barclays set a C$56.00 price objective on shares of Barrick Gold and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Sanford C. Bernstein upped their price objective on shares of Barrick Gold from C$86.00 to C$91.00 in a research report on Monday, April 20th. Finally, National Bank Financial raised their target price on Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target 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.