Poupak Bahamin Purchases 5,778 Shares of Barrick Gold Co. (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin purchased 5,778 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of C$25.03 per share, with a total value of C$144,645.87.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$24.69 on Wednesday. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The firm has a market capitalization of C$43.21 billion, a PE ratio of 20.75, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold Co. has a 1-year low of C$18.65 and a 1-year high of C$29.50. The business’s fifty day moving average price is C$26.69 and its two-hundred day moving average price is C$25.17.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.135 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.54 annualized dividend and a yield of 2.19%. Barrick Gold’s dividend payout ratio is presently 45.38%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ABX. UBS Group downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Stifel Nicolaus upped their price objective on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. TD Securities reiterated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research report on Wednesday, October 16th. Sanford C. Bernstein dropped their price target on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.