Insider Buying: Barrick Gold Co. (TSE:ABX) Director Buys 85,296 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Dennis Mark Bristow bought 85,296 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of C$25.03 per share, with a total value of C$2,135,291.53.

Barrick Gold Stock Performance

Shares of ABX traded down C$0.90 during trading hours on Monday, hitting C$24.59. The stock had a trading volume of 1,392,819 shares, compared to its average volume of 3,558,678. The firm has a market capitalization of C$43.03 billion, a PE ratio of 21.42, a PEG ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. Barrick Gold Co. has a 12 month low of C$18.65 and a 12 month high of C$29.50. The stock has a fifty day moving average price of C$26.76 and a 200 day moving average price of C$25.18.

Barrick Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.135 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.20%. Barrick Gold’s payout ratio is currently 45.38%.

Analysts Set New Price Targets

ABX has been the topic of a number of analyst reports. Argus raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. UBS Group cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. TD Securities restated a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a report on Wednesday, October 16th. Sanford C. Bernstein cut their price target on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus lifted their price objective on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. Two investment 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$31.14.

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.