Insider Buying: Barrick Gold (ABX) Insider Acquires C$667,571.52 in Stock

Barrick Gold (TSE:ABX) (NYSE:ABX) insider Catherine Philippa Raw bought 39,408 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were bought at an average price of C$16.94 per share, for a total transaction of C$667,571.52.

Catherine Philippa Raw also recently made the following trade(s):

  • On Monday, May 7th, Catherine Philippa Raw bought 10,000 shares of Barrick Gold stock. The shares were bought at an average price of C$17.37 per share, for a total transaction of C$173,700.00.

Barrick Gold stock opened at C$16.95 on Friday. Barrick Gold has a 52 week low of C$14.26 and a 52 week high of C$23.02.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Monday, April 23rd. The company reported C$0.18 EPS for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.01). The business had revenue of C$2.26 billion during the quarter, compared to the consensus estimate of C$2.25 billion. Barrick Gold had a negative return on equity of 27.89% and a negative net margin of 36.36%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be paid a $0.039 dividend. The ex-dividend date is Wednesday, May 30th. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.92%.

Several equities analysts have weighed in on ABX shares. Canaccord Genuity cut their target price on Barrick Gold from C$27.00 to C$22.50 in a report on Friday, February 23rd. Desjardins cut their target price on Barrick Gold from C$19.50 to C$19.00 in a report on Wednesday, February 21st. Finally, BMO Capital Markets set a C$15.00 target price on Barrick Gold and gave the company a “market perform” rating in a report on Thursday, February 15th. Eight equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of C$21.00.

About Barrick Gold

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

Insider Buying and Selling by Quarter for Barrick Gold (TSE:ABX)

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