Barrick Gold Co. (TSE:ABX) Director Dennis Mark Bristow Acquires 230,872 Shares

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Dennis Mark Bristow acquired 230,872 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of C$25.71 per share, with a total value of C$5,936,042.34.

Barrick Gold Trading Up 2.3 %

Shares of TSE:ABX opened at C$26.47 on Thursday. The firm has a market cap of C$32.17 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold Co. has a 12 month low of C$19.37 and a 12 month high of C$29.50. The company’s fifty day simple moving average is C$23.70 and its 200 day simple moving average is C$25.28. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ABX. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. UBS Group downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. National Bankshares decreased their price objective on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group lowered their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Finally, Sanford C. Bernstein reduced their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and an average price target of C$30.73.

Barrick Gold Company Profile

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.