Graham Patrick Shuttleworth Sells 100,000 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Graham Patrick Shuttleworth sold 100,000 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of C$64.72, for a total transaction of C$6,472,000.00. Following the transaction, the insider directly owned 487,252 shares of the company’s stock, valued at approximately C$31,534,949.44. This trade represents a 17.03% decrease in their position.

Barrick Gold Price Performance

Barrick Gold stock opened at C$65.32 on Friday. The company’s 50 day simple moving average is C$63.92 and its 200-day simple moving average is C$50.84. The company has a market capitalization of C$109.43 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.34 and a beta of 1.47. Barrick Gold Co. has a 1 year low of C$24.28 and a 1 year high of C$74.00. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.58 earnings per share for the quarter. The firm had revenue of C$3.41 billion during the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. As a group, equities research analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ABX. BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. JPMorgan Chase & Co. set a C$92.00 price target on shares of Barrick Gold and gave the stock an “overweight” rating in a research note on Thursday, January 29th. National Bank Financial reduced their price target on shares of Barrick Gold from C$82.50 to C$75.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 10th. Scotiabank upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, ATB Cormark Capital Markets cut their target price on shares of Barrick Gold from C$100.00 to C$94.00 and set a “moderate buy” rating on the stock in a research note on Monday, February 9th. Six research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$73.50.

About Barrick Gold

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.