Barrick Gold Co. (TSE:ABX) Senior Officer Sells C$457,781.77 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin sold 17,633 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77.

Poupak Bahamin also recently made the following trade(s):

• On Friday, November 29th, Poupak Bahamin sold 2,500 shares of Barrick Gold stock. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00.

Barrick Gold Price Performance

Shares of ABX stock traded up C$0.56 during trading hours on Wednesday, reaching C$26.43. The company’s stock had a trading volume of 1,396,106 shares, compared to its average volume of 3,176,107. The firm’s 50 day simple moving average is C$23.62 and its 200-day simple moving average is C$25.27. The company has a market capitalization of C$32.12 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold Co. has a fifty-two week low of C$19.37 and a fifty-two week high of C$29.50. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ABX. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. National Bankshares reduced their price objective on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. TD Cowen restated a “buy” rating and set a C$36.00 target price on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, Sanford C. Bernstein dropped their target price on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Four research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.73.

Barrick Gold Company Profile

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.