Barrick Gold Co. (ABX) Director Purchases C$35,250.00 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Pablo Marcet purchased 2,500 shares of the company’s stock in a transaction on Friday, December 15th. The stock was purchased at an average price of C$14.10 per share, for a total transaction of C$35,250.00.

Barrick Gold Co. (TSE ABX) traded down C$0.16 during trading on Friday, hitting C$18.37. 1,188,291 shares of the stock traded hands, compared to its average volume of 3,023,997. Barrick Gold Co. has a twelve month low of C$17.07 and a twelve month high of C$27.19.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a $0.037 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This is a boost from Barrick Gold’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.81%. Barrick Gold’s dividend payout ratio (DPR) is 4.58%.

Several equities research analysts have commented on ABX shares. Eight Capital restated a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. Desjardins restated a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Royal Bank of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Canaccord Genuity dropped their price target on shares of Barrick Gold from C$30.00 to C$27.50 in a research note on Friday, September 29th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$18.00 price target on shares of Barrick Gold in a research note on Friday, October 13th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$22.43.

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Barrick Gold Company Profile

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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