Barrick Gold (TSE:ABX) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.12 and traded as high as C$25.19. Barrick Gold shares last traded at C$25.03, with a volume of 2,415,691 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on ABX shares. UBS Group cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein decreased their price target on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price objective on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. TD Securities reaffirmed a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Finally, Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and a consensus target price of C$31.14.

Barrick Gold Stock Performance

The business has a 50 day moving average price of C$26.76 and a 200 day moving average price of C$25.13. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The stock has a market capitalization of C$44.61 billion, a PE ratio of 21.27, a PEG ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 2.12%. Barrick Gold’s dividend payout ratio is presently 45.38%.

Insider Buying and Selling

In related news, Senior Officer Joel James Holliday sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$27.36, for a total transaction of C$547,298.10. Also, Director Christopher Lewis Coleman sold 121,334 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. 0.60% of the stock is owned by company insiders.

Barrick Gold Company Profile

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.