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 stock in a transaction that occurred 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 stock was purchased at an average price of C$25.03 per share, for a total transaction of C$144,645.87.

Barrick Gold Trading Down 0.2 %

Barrick Gold stock traded down C$0.04 during trading hours on Friday, reaching C$24.54. The stock had a trading volume of 1,206,669 shares, compared to its average volume of 3,574,307. The stock has a market cap of C$42.95 billion, a PE ratio of 20.74, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold Co. has a 52 week low of C$18.65 and a 52 week 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 company has a fifty day simple moving average of C$26.58 and a 200-day simple moving average of C$25.19.

Barrick Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 2.20%. The ex-dividend date is Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analyst Weigh In

Several analysts have issued reports on ABX shares. TD Securities reiterated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. UBS Group cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday. Sanford C. Bernstein lowered their price objective on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Argus upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$31.14.

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.