Insider Buying: Barrick Gold Co. (TSE:ABX) Senior Officer Buys 5,778 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin purchased 5,778 shares of Barrick Gold stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of C$25.03 per share, with a total value of C$144,645.87.

Barrick Gold Stock Down 3.0 %

ABX stock opened at C$24.73 on Tuesday. The stock has a market cap of C$43.28 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The firm’s 50-day simple moving average is C$26.73 and its 200 day simple moving average is C$25.17. Barrick Gold Co. has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50. 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 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 issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is 45.38%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ABX shares. Sanford C. Bernstein decreased their price objective on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. TD Securities reiterated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Finally, Stifel Nicolaus raised their price objective on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, six have issued 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 a consensus 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.