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 bought 230,872 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of C$25.71 per share, with a total value of C$5,936,042.34.

Barrick Gold Trading Down 3.0 %

ABX opened at C$25.67 on Friday. Barrick Gold Co. has a fifty-two week low of C$19.37 and a fifty-two week high of C$29.50. The firm has a market capitalization of C$31.20 billion, a PE ratio of 19.33, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The company’s 50-day moving average is C$23.78 and its 200 day moving average is C$25.28.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ABX. Stifel Nicolaus reduced their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. National Bankshares cut their target price on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Canaccord Genuity Group decreased 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 objective on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Four equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.