Barrick Gold Corp (TSE:ABX) (NYSE:ABX) Director Patricia Ann Hatter purchased 1,859 shares of the stock in a transaction on Friday, June 29th. The shares were purchased at an average cost of C$13.16 per share, with a total value of C$24,464.44.
Shares of Barrick Gold traded up C$0.01, hitting C$17.80, on Wednesday, MarketBeat Ratings reports. The company had a trading volume of 631,784 shares, compared to its average volume of 2,543,315. Barrick Gold Corp has a twelve month low of C$14.26 and a twelve month high of C$22.70.
Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, April 23rd. The company reported C$0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.19 by C($0.01). The company 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%.
Separately, Canaccord Genuity cut Barrick Gold from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$22.50 to C$19.00 in a research report on Monday, April 23rd. Eight investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of C$21.00.
About Barrick Gold
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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