Barrick Gold (TSE:ABX) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.21 and traded as low as C$22.30. Barrick Gold shares last traded at C$22.60, with a volume of 2,426,498 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on the company. TD Securities reiterated a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. Royal Bank of Canada raised their target price on Barrick Gold to C$21.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Stifel Nicolaus cut their price objective on Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Finally, Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$30.17.

Barrick Gold Price Performance

The firm has a market cap of C$39.55 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. 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 firm has a 50-day simple moving average of C$24.92 and a 200 day simple moving average of C$25.22.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, November 29th. Barrick Gold’s payout ratio is currently 45.38%.

Insiders Place Their Bets

In other news, Director Dennis Mark Bristow acquired 85,296 shares of Barrick Gold stock in a transaction on Thursday, November 21st. The stock was acquired at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00. Corporate insiders own 0.60% of the company’s stock.

About Barrick Gold

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.