Insider Selling: Barrick Gold Co. (TSE:ABX) Senior Officer Sells C$457,781.77 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin sold 17,633 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77.

Poupak Bahamin also recently made the following trade(s):

• On Friday, November 29th, Poupak Bahamin sold 2,500 shares of Barrick Gold stock. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00.

Barrick Gold Trading Down 0.0 %

Shares of Barrick Gold stock opened at C$25.66 on Friday. The stock has a fifty day simple moving average of C$23.84 and a 200 day simple moving average of C$25.28. Barrick Gold Co. has a 12-month low of C$19.79 and a 12-month high of C$29.50. The company has a market capitalization of C$31.19 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ABX shares. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. TD Cowen reaffirmed a “buy” rating and set a C$36.00 target price on shares of Barrick Gold in a research report on Tuesday, January 14th. Canaccord Genuity Group lowered their target price on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Sanford C. Bernstein lowered their target price on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$30.73.

About Barrick Gold

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.