Barrick Gold (TSE:ABX) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.13 and traded as high as C$26.17. Barrick Gold shares last traded at C$26.09, with a volume of 1,610,531 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ABX. Royal Bank of Canada raised their price target on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. National Bank Financial raised Barrick Gold to a “hold” rating in a research report on Friday, March 21st. Stifel Nicolaus raised their price target on Barrick Gold from C$34.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. National Bankshares raised their price target on Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 19th. Finally, BMO Capital Markets raised Barrick Gold to a “hold” rating in a research report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$33.67.

Barrick Gold Stock Down 0.3%

The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The firm has a market capitalization of C$31.71 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The firm has a 50-day moving average of C$26.65 and a two-hundred day moving average of C$25.13.

Insider Buying and Selling

In related news, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. Also, Senior Officer Henri Louis Gonin sold 1,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total value of C$27,720.55. Corporate insiders own 0.60% of the company’s stock.

About Barrick Gold

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.