Barrick Gold Co. (TSE:ABX) Senior Officer Sells C$61,215.00 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin sold 2,500 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total transaction of C$61,215.00.

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

• On Thursday, November 21st, Poupak Bahamin purchased 5,778 shares of Barrick Gold stock. The shares were bought at an average price of C$25.03 per share, for a total transaction of C$144,645.87.

Barrick Gold Price Performance

TSE:ABX opened at C$24.52 on Monday. 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 company has a 50 day moving average price of C$26.51 and a 200-day moving average price of C$25.24. Barrick Gold Co. has a 1-year low of C$18.65 and a 1-year high of C$29.50. The firm has a market cap of C$42.91 billion, a price-to-earnings ratio of 20.61, 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. Shareholders of record on Friday, November 29th will be given a $0.135 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.20%. Barrick Gold’s dividend payout ratio (DPR) is currently 45.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABX. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Stifel Nicolaus upped their target price on Barrick Gold from C$28.50 to C$33.50 in a research report on Monday, October 21st. Finally, Sanford C. Bernstein cut their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and a consensus target price 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.