Barrick Gold (TSE:ABX) Stock Passes Above 200-Day Moving Average – Should You Sell?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.42 and traded as high as C$28.26. Barrick Gold shares last traded at C$27.78, with a volume of 2,228,551 shares changing hands.

Analyst Upgrades and Downgrades

ABX has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. National Bank Financial raised shares of Barrick Gold to a “hold” rating in a research report on Friday, March 21st. Canaccord Genuity Group cut their price objective on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, National Bankshares upped their price target on Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.55.

Barrick Gold Trading Down 1.3 %

The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The firm has a market cap of C$33.76 billion, a PE ratio of 20.92, a P/E/G ratio of 2.34 and a beta of 0.48. The business has a fifty day moving average price of C$25.90 and a 200 day moving average price of C$25.42.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow bought 230,872 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. 0.60% of the stock is currently owned by insiders.

Barrick Gold Company Profile

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.