Poupak Bahamin Sells 17,633 Shares of Barrick Gold Co. (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction 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 transaction of C$61,215.00.

Barrick Gold Stock Performance

Shares of TSE:ABX traded up C$0.56 during trading on Wednesday, hitting C$26.43. 1,396,106 shares of the stock were exchanged, compared to its average volume of 3,176,107. Barrick Gold Co. has a 1-year low of C$19.37 and a 1-year high of C$29.50. The company has a market capitalization of C$32.12 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company’s fifty day simple moving average is C$23.62 and its 200-day simple moving average is C$25.27. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

Analyst Upgrades and Downgrades

ABX has been the subject of several research analyst reports. Canaccord Genuity Group reduced their target price on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. National Bankshares decreased their price target on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. TD Cowen restated a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Four 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$30.73.

Barrick Gold Company Profile

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.