Barrick Gold (TSE:ABX) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.21 and traded as low as C$22.30. Barrick Gold shares last traded at C$22.60, with a volume of 2,426,498 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Sanford C. Bernstein dropped their price objective on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Stifel Nicolaus reduced their price objective on Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, TD Securities reaffirmed a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Barrick Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.17.

Barrick Gold Stock Performance

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 stock has a market cap of C$39.55 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The stock’s 50-day simple moving average is C$24.92 and its two-hundred day simple moving average is C$25.21.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio is 45.38%.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow purchased 85,296 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. Company insiders own 0.60% of the company’s stock.

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.