Barrick Gold Co. (TSE:ABX) Senior Officer Poupak Bahamin Sells 17,633 Shares

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77.

Poupak Bahamin also recently made the following trade(s):

• On Friday, November 29th, Poupak Bahamin sold 2,500 shares of Barrick Gold stock. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00.

Barrick Gold Price Performance

Shares of Barrick Gold stock opened at C$26.47 on Thursday. The firm has a fifty day simple moving average of C$23.70 and a 200-day simple moving average of C$25.28. The stock has a market capitalization 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. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. Barrick Gold Co. has a 1-year low of C$19.37 and a 1-year high of C$29.50.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ABX. Canaccord Genuity Group dropped their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Sanford C. Bernstein cut their price objective on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Scotiabank cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. TD Cowen reaffirmed a “buy” rating and set a C$36.00 target price on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada increased their price target on Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Four 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.