Insider Selling: Barrick Gold Co. (TSE:ABX) Senior Officer Sells 94,000 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Riaan Grobler sold 94,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40.

Barrick Gold Trading Down 0.2 %

Shares of ABX stock traded down C$0.05 during trading hours on Thursday, reaching C$26.22. The company had a trading volume of 1,195,005 shares, compared to its average volume of 3,520,812. The company has a debt-to-equity ratio of 14.67, a current ratio of 3.32 and a quick ratio of 2.62. Barrick Gold Co. has a 1-year low of C$18.65 and a 1-year high of C$26.58. The company has a 50 day moving average of C$24.02 and a 200 day moving average of C$22.75. The firm has a market cap of C$46.15 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.94 and a beta of 0.46.

Barrick Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.138 dividend. This is a boost from Barrick Gold’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, August 30th. This represents a $0.55 annualized dividend and a yield of 2.11%. Barrick Gold’s payout ratio is presently 48.67%.

Analysts Set New Price Targets

ABX has been the subject of several research reports. Canaccord Genuity Group increased their price objective on Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. Eight Capital raised their price target on shares of Barrick Gold from C$36.00 to C$38.00 in a research report on Thursday, July 11th. Sanford C. Bernstein upped their price objective on shares of Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Stifel Nicolaus lifted their target price on Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$30.18.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.