Barrick Gold Co. (TSE:ABX) Senior Officer Grant Bill Beringer Buys 10,837 Shares

Barrick Gold Co. (TSE:ABXGet Rating) (NYSE:ABX) Senior Officer Grant Bill Beringer bought 10,837 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was purchased at an average price of C$20.69 per share, with a total value of C$224,269.55. Following the transaction, the insider now owns 45,071 shares in the company, valued at approximately C$932,735.33.

Barrick Gold Stock Down 1.3 %

ABX stock opened at C$20.64 on Tuesday. Barrick Gold Co. has a 12 month low of C$17.88 and a 12 month high of C$33.50. The firm has a market cap of C$36.47 billion and a PE ratio of 14.54. The firm has a 50 day simple moving average of C$20.59 and a 200 day simple moving average of C$22.14. The company has a debt-to-equity ratio of 15.77, a current ratio of 3.76 and a quick ratio of 2.62.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, November 29th. Barrick Gold’s dividend payout ratio is presently 34.51%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. National Bankshares decreased their target price on shares of Barrick Gold from C$25.00 to C$24.00 in a research report on Tuesday, November 8th. Eight Capital reduced their price target on shares of Barrick Gold from C$32.00 to C$31.00 in a research note on Wednesday, October 26th. Fundamental Research reaffirmed a “buy” rating and issued a C$26.00 price target on shares of Barrick Gold in a research note on Tuesday, November 15th. Canaccord Genuity Group reduced their price target on shares of Barrick Gold from C$32.00 to C$29.00 in a research note on Thursday, October 20th. Finally, Stifel Nicolaus reduced their price target on shares of Barrick Gold from C$35.25 to C$33.00 in a research note on Wednesday, October 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and an average price target of C$27.75.

Barrick Gold Company Profile

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Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States.

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