Barrick Gold (TSE:ABX) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Shares of Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$25.20 and traded as low as C$23.41. Barrick Gold shares last traded at C$23.99, with a volume of 3,501,658 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ABX shares. Stifel Nicolaus decreased their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Royal Bank of Canada increased their price objective on shares of Barrick Gold to C$21.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Scotiabank downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Cibc World Mkts cut shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. Finally, National Bankshares decreased their price objective 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 equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$30.38.

Barrick Gold Stock Up 2.8 %

The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The firm has a 50-day simple moving average of C$23.22 and a two-hundred day simple moving average of C$25.21. The stock has a market cap of C$42.96 billion, a P/E ratio of 20.63, a PEG ratio of 2.34 and a beta of 0.48.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last issued its earnings results on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share for the quarter, missing analysts' consensus estimates of C$0.45 by C($0.03). Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. During the same period last year, the company posted $0.32 earnings per share. Equities research analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold's payout ratio is presently 45.38%.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow purchased 85,296 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin purchased 5,778 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of C$25.03 per share, for a total transaction of C$144,645.87. Corporate insiders own 0.60% of the company's stock.

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.