Barrick Gold Co. (TSE:ABX) Director Sells C$3,409,485.40 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Christopher Lewis Coleman sold 121,334 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total transaction of C$3,409,485.40.

Barrick Gold Trading Down 3.4 %

Shares of TSE:ABX opened at C$27.36 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. Barrick Gold Co. has a 52-week low of C$18.65 and a 52-week high of C$28.67. The stock has a market cap of C$47.88 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.94 and a beta of 0.49. The business has a 50-day moving average price of C$26.29 and a 200-day moving average price of C$24.16.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.08. The company had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. Equities analysts predict that Barrick Gold Co. will post 2.2676519 EPS for the current year.

Barrick Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.138 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 dividend on an annualized basis and a yield of 2.02%. Barrick Gold’s payout ratio is currently 46.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ABX. Eight Capital increased their price objective on Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th. Canaccord Genuity Group increased their price target on Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd. Finally, Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$30.18.

About Barrick Gold

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.