Barrick Gold Co. (TSE:ABX) Senior Officer Sells C$1,784,693.40 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Riaan Grobler sold 94,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total value of C$1,784,693.40.

Barrick Gold Trading Up 3.1 %

Shares of Barrick Gold stock opened at C$26.99 on Friday. The stock has a fifty day moving average price of C$24.16 and a 200-day moving average price of C$22.83. Barrick Gold Co. has a 1 year low of C$18.65 and a 1 year high of C$27.06. The firm has a market cap of C$47.23 billion, a PE ratio of 22.87, a P/E/G ratio of 1.94 and a beta of 0.47. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62.

Barrick Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.138 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.55 annualized dividend and a yield of 2.05%. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. Barrick Gold’s dividend payout ratio (DPR) is 46.61%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ABX. Eight Capital raised their price objective on Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. Canaccord Genuity Group raised their price objective on Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd. Finally, TD Securities restated a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average target price of C$30.18.

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.