Insider Selling: Barrick Gold Co. (TSE:ABX) Director Sells 121,334 Shares of Stock

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

Barrick Gold Price Performance

ABX stock opened at C$27.36 on Monday. Barrick Gold Co. has a 1 year low of C$18.65 and a 1 year high of C$28.67. 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$47.88 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49. The business has a 50 day simple moving average of C$26.29 and a 200-day simple moving average of C$24.16.

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

Barrick Gold Increases Dividend

The company also recently disclosed 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. This is a boost from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, August 30th. Barrick Gold’s dividend payout ratio (DPR) is presently 46.15%.

Analysts Set New Price Targets

A number of analysts have recently commented on ABX shares. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Eight Capital boosted their price objective on Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. Finally, Canaccord Genuity Group raised their target price on Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.