Barrick Gold (TSE:ABX) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$60.25 and traded as low as C$50.88. Barrick Gold shares last traded at C$52.15, with a volume of 5,457,448 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ABX shares. Sanford C. Bernstein increased their price objective on shares of Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. National Bank Financial boosted 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 research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. ATB Cormark Capital Markets cut Barrick Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the company from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Finally, Barclays set a C$56.00 price target on Barrick Gold and gave the company an “equal weight” rating in a report on Friday, May 22nd. Five investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the 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 Trading Down 0.6%

The firm has a market capitalization of C$87.38 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. The company has a quick ratio of 2.62, a current ratio of 3.06 and a debt-to-equity ratio of 17.29. The company’s 50-day simple moving average is C$56.42 and its 200 day simple moving average is C$60.25.

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

Insider Activity at Barrick Gold

In other Barrick Gold news, Director Mark Francis Hill sold 9,453 shares of Barrick Gold stock in a transaction on Monday, June 22nd. The shares were sold at an average price of C$56.85, for a total value of C$537,403.05. Following the transaction, the director directly owned 334,176 shares of the company’s stock, valued at approximately C$18,997,905.60. The trade was a 2.75% decrease in their ownership of the stock. Also, Director Robert Ananda Paul Samek purchased 10,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of C$55.06 per share, for a total transaction of C$550,600.00. Following the completion of the acquisition, the director directly owned 18,900 shares of the company’s stock, valued at approximately C$1,040,634. The trade was a 112.36% increase in their position. Over the last 90 days, insiders sold 134,422 shares of company stock valued at $7,695,879. 0.60% of the stock is owned by insiders.

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.