Mark Francis Hill Sells 9,453 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 9,453 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of C$56.85, for a total value of C$537,403.05. Following the completion of the sale, the director directly owned 334,176 shares of the company’s stock, valued at C$18,997,905.60. This represents a 2.75% decrease in their ownership of the stock.

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

• On Friday, June 19th, Mark Francis Hill sold 36,969 shares of Barrick Gold stock. The shares were sold at an average price of C$55.93, for a total value of C$2,067,676.17.
• 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 Stock Down 4.3%

Shares of TSE ABX opened at C$51.86 on Thursday. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62. The stock has a market capitalization of C$86.89 billion, a PE ratio of 14.33, a P/E/G ratio of 2.34 and a beta of 1.50. Barrick Gold Co. has a one year low of C$27.89 and a one year high of C$74.00. The business’s fifty day moving average price is C$56.97 and its 200-day moving average price is C$60.37.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ABX. BMO Capital Markets boosted their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. National Bank Financial raised their price objective on shares of Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. reduced their price objective on shares of Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. Barclays set a C$56.00 target price on shares of Barrick Gold and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, ATB Cormark Capital Markets downgraded Barrick Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Five research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$76.78.

About Barrick Gold

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.