Economy

Barrick Gold Corporation (NYSE:ABX) has industry P/E ratio of 12.23

Among 23 analysts covering Barrick Gold Corp. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has "Buy" rating given on Monday, August 21 by RBC Capital Markets. BMO Capital Markets set a $18.00 price target on Barrick Gold Corporation and gave the stock a "hold" rating in a research note on Wednesday, August 23rd. BidaskClub raised Barrick Gold Corporation from a "sell" rating to a "hold" rating in a research note on Saturday, June 24th. 1 analysts gave its stock an Outperform rating.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. Barrick Gold Corporation's payout ratio is 5.94%. The stock has a market capitalization of $19.34 billion, a price-to-earnings ratio of 8.21 and a beta of -0.29. ABX's latest closing price was -5.12% away from the average-price of 200 days while it maintained a distance of -3.24% from the 50 Day Moving Average and -6.09% away compared to its SMA 20. Trading volume for Barrick Gold Corporation was 7.71 Million in its previous trading session.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings results on Wednesday, July 26th.

15 analysts on average are expecting Barrick Gold Corporation to report earnings of $0.17 per share for the current quarter. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.05.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and worldwide copyright laws. Mackie downgraded the shares of ABX in report on Monday, June 20 to "Sell" rating.

African Barrick Gold (NASDAQ:ABGLF) opened at 2.50 on Friday. On Wednesday, October 5 the stock rating was maintained by Goldman Sachs with "Buy". Sei Investments Co. increased its holdings in shares of Barrick Gold Corporation by 32.8% during the 1st quarter. Franklin Resources Inc. now owns 34,981,711 shares of the basic materials company's stock valued at $556,558,000 after buying an additional 10,291,973 shares during the period. Engineers Gate Manager LP increased its holdings in shares of Barrick Gold Corporation by 69.4% during the 1st quarter. Flossbach Von Storch AG raised its holdings in shares of Barrick Gold Corporation by 104.8% during the 2nd quarter.

Shares of Barrick Gold Corporation (NYSE ABX) traded up 0.18% during trading on Thursday, hitting $16.36. Capital Innovations LLC acquired a new position in shares of Barrick Gold Corporation during the 1st quarter valued at $253,000. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

Dushinsky says the company "likes" owning 50% of Australia's Kalgoorlie Super Pit mine but would consider a sale "for the right price"; no. 2 gold producer Newmont Mining operates Kalgoorlie and owns the other 50% and has expressed interest in buying ABX's stake, but the two have failed to reach a deal.



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