Insider Buying: Barrick Gold Co. (TSE:ABX) Director Acquires C$5,936,042.34 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Dennis Mark Bristow purchased 230,872 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34.

Barrick Gold Trading Down 0.0 %

Shares of Barrick Gold stock opened at C$25.66 on Friday. The company has a market capitalization of C$31.19 billion, a P/E ratio of 19.32, a PEG ratio of 2.34 and a beta of 0.48. The company’s fifty day moving average is C$23.84 and its two-hundred day moving average is C$25.28. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. Barrick Gold Co. has a 1 year low of C$19.79 and a 1 year high of C$29.50.

Wall Street Analyst Weigh In

Several brokerages recently commented on ABX. Stifel Nicolaus cut their price target on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. TD Cowen reiterated a “buy” rating and set a C$36.00 price target on shares of Barrick Gold in a research note on Tuesday, January 14th. Canaccord Genuity Group cut their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Sanford C. Bernstein cut their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Finally, Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.