Insider Selling: Barrick Gold Co. (TSE:ABX) Senior Officer Sells 2,500 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction on Friday, November 29th. The stock was 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 bought 5,778 shares of Barrick Gold stock. The shares were bought at an average cost of C$25.03 per share, with a total value of C$144,645.87.

Barrick Gold Stock Performance

TSE:ABX opened at C$24.52 on Monday. The company’s 50-day moving average is C$26.51 and its two-hundred day moving average is 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 company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The firm has a market capitalization of C$42.91 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 annualized dividend and a yield of 2.20%. Barrick Gold’s payout ratio is 45.38%.

Wall Street Analysts Forecast Growth

ABX has been the topic of several research analyst reports. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their price target on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. Sanford C. Bernstein reduced their price objective on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. TD Securities reaffirmed a “buy” rating and set a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Finally, Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.