Joel James Holliday Sells 20,000 Shares of Barrick Gold Co. (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Joel James Holliday sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$27.36, for a total transaction of C$547,298.10.

Barrick Gold Trading Up 0.6 %

Shares of Barrick Gold stock traded up C$0.16 during trading on Tuesday, hitting C$27.46. The stock had a trading volume of 1,531,232 shares, compared to its average volume of 3,590,519. Barrick Gold Co. has a 1 year low of C$18.65 and a 1 year high of C$28.67. The stock has a 50 day simple moving average of C$26.13 and a 200 day simple moving average of C$24.00. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The company has a market capitalization of C$48.06 billion, a PE ratio of 23.33, a P/E/G ratio of 1.94 and a beta of 0.49.

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

Barrick Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.138 dividend. This is an increase from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, August 30th. Barrick Gold’s dividend payout ratio is currently 46.15%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ABX shares. Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Canaccord Genuity Group boosted their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. Finally, Eight Capital raised their price objective on shares of Barrick Gold from C$36.00 to C$38.00 in a research report on Thursday, July 11th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Buy” and an average target price 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.