Barrick Gold Co. (TSE:ABX) Director Acquires C$2,135,291.53 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Dennis Mark Bristow bought 85,296 shares of Barrick Gold stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53.

Barrick Gold Stock Down 3.5 %

TSE ABX traded down C$0.90 on Monday, hitting C$24.59. The stock had a trading volume of 1,392,819 shares, compared to its average volume of 3,558,678. Barrick Gold Co. has a 52-week low of C$18.65 and a 52-week high of C$29.50. The business’s fifty day moving average price is C$26.76 and its 200 day moving average price is C$25.18. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The stock has a market cap of C$43.03 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold’s dividend payout ratio is presently 45.38%.

Analyst Upgrades and Downgrades

ABX has been the topic of a number of research reports. UBS Group downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Stifel Nicolaus upped their price target on shares of Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. Sanford C. Bernstein reduced their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Finally, TD Securities reissued a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$31.14.

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.