Barrick Gold (TSE:ABX) (NYSE:ABX) insider Katherine Sipos bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was purchased at an average cost of C$17.34 per share, with a total value of C$52,020.00.
Shares of TSE ABX opened at C$17.14 on Thursday. Barrick Gold has a 52-week low of C$14.26 and a 52-week high of C$23.66.
Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Monday, April 23rd. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.01). The firm had revenue of C$2.26 billion during the quarter, compared to analyst estimates of C$2.25 billion. Barrick Gold had a negative net margin of 36.36% and a negative return on equity of 27.89%.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a $0.039 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This is a boost 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 0.91%.
A number of analysts recently issued reports on the company. Canaccord Genuity cut Barrick Gold from a “buy” rating to a “hold” rating and decreased their target price for the company from C$22.50 to C$19.00 in a research report on Monday, April 23rd. Desjardins decreased their target price on Barrick Gold from C$19.50 to C$19.00 in a research 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 research report on Thursday, February 15th. Nine investment analysts have rated the stock with a hold rating, Barrick Gold presently has a consensus rating of “Hold” and a consensus price target of C$21.00.
Barrick Gold Company Profile
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.
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