Dennis Mark Bristow Purchases 230,872 Shares of Barrick Gold Co. (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Dennis Mark Bristow bought 230,872 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of C$25.71 per share, with a total value of C$5,936,042.34.

Barrick Gold Stock Performance

TSE:ABX opened at C$25.67 on Friday. The stock’s 50-day moving average is C$23.78 and its 200-day moving average is C$25.28. Barrick Gold Co. has a 1-year low of C$19.37 and a 1-year high of C$29.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The stock has a market cap of C$31.20 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Analyst Ratings Changes

A number of research analysts recently issued reports on ABX shares. Royal Bank of Canada lifted their price objective on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Canaccord Genuity Group dropped their price objective on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Stifel Nicolaus decreased their target price on Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Finally, National Bankshares dropped their target price 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. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Barrick Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.73.

About Barrick Gold

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.