Barrick Gold Co. (TSE:ABX) Director Dennis Mark Bristow Purchases 85,296 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Dennis Mark Bristow purchased 85,296 shares of Barrick Gold stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of C$25.03 per share, with a total value of C$2,135,291.53.

Barrick Gold Trading Down 3.0 %

Barrick Gold stock opened at C$24.73 on Tuesday. 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 quick ratio of 2.62 and a current ratio of 3.01. The firm has a market capitalization of C$43.28 billion, a PE ratio of 20.78, a PEG ratio of 2.34 and a beta of 0.48. The business’s 50-day simple moving average is C$26.73 and its 200-day simple moving average is C$25.17.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold’s dividend payout ratio is currently 45.38%.

Analysts Set New Price Targets

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