Poupak Bahamin Sells 2,500 Shares of Barrick Gold Co. (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX Senior Officer Poupak Bahamin sold 2,500 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00.

Poupak Bahamin also recently made the following trade(s):

• On Thursday, November 21st, Poupak Bahamin bought 5,778 shares of Barrick Gold stock. The shares were acquired at an average cost of C$25.03 per share, with a total value of C$144,645.87.

Barrick Gold Stock Performance

Shares of ABX stock traded down C$0.04 during trading on Friday, reaching C$24.54. 1,206,669 shares of the company's stock traded hands, compared to its average volume of 3,574,307. The company has a market capitalization of C$42.95 billion, a P/E ratio of 20.74, a PEG ratio of 2.34 and a beta of 0.48. 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's 50-day moving average is C$26.58 and its 200 day moving average is C$25.19. Barrick Gold Co. has a 1 year low of C$18.65 and a 1 year high of C$29.50.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, November 29th. Barrick Gold's payout ratio is currently 45.38%.

Analyst Ratings Changes

ABX has been the subject of several recent research reports. Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday. UBS Group downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. TD Securities reaffirmed a "buy" rating and issued a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. Sanford C. Bernstein reduced their price objective on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price objective on shares of Barrick Gold from C$28.50 to C$33.50 in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$31.14.

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.

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