Economy

EPS Estimates Revision Screen: Barrick Gold Corporation (ABX)

Recent session action on shares of Barrick Gold Corporation (NYSE:ABX) puts the stock on today's active list.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. CNA Financial Corp increased its position in Barrick Gold Corporation by 17.1% during the second quarter. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. Finally, M&T Bank Corp boosted its holdings in shares of Barrick Gold Corporation by 0.7% during the second quarter.

Investors may also want to take a longer-term look at company shares. The company shares sank -43.35% from their peak of $9.25 and now has a $421.61 million market value of equity. Finally, Neuberger Berman Group LLC acquired a new position in Barrick Gold Corporation during the 2nd quarter worth $161,000. The stock now has Weekly Volatility of 1.15% and Monthly Volatility of 1.90%.

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Barrick Gold Corp (NYSE:ABX) traded up 0.31% during mid-day trading on Tuesday, reaching $16.41. Company shares have been seen trading -64.79% off of the 52 week high and 6.64% away from the 52 week low. ABX fell -2.89%, plunged -10.45% and sank -16.57% in the week, one month and six months, respectively. The firm has a market cap of $19.01 billion, a P/E ratio of 8.072 and a beta of -0.33.

Whereas its latest closing price kept its distance from the SMA20 at -3.98% and -3.94% from SMA 20 while it was eased up -5.79% from the simple moving average price of 200 days. The co's performance for 6 months was slashed of -16.39%, 1-year performance stands at -6.44% and year to date showing moved up performance of 1.81%.

For the current quarter, 15 analysts are projecting a mean EPS of $0.17/share. The current consensus recommendation provided by covering analysts is 2.90. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%.

Barrick Gold Corporation's sales for the past 5 years rolls at -9.70%, exhibiting an EPS growth from quarter-to-quarter at 684.90%. With the constructive P/E value of Barrick Gold Corporation, the investors are able to forecast the positive earnings growth of the company. Shareholders of record on Thursday, August 31st were given a $0.03 dividend. The rating was initiated by Morgan Stanley with "Equal-Weight" on Tuesday, August 9. This represents a $0.12 annualized dividend and a yield of 0.74%.

Barrick Gold Corporation is a gold mining company.

A number of brokerages recently commented on ABX. Clarkson Capital downgraded shares of Barrick Gold Corp from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 15th. Royal Bank Of Canada reissued an "outperform" rating on shares of Barrick Gold Corporation in a report on Thursday, September 7th. BidaskClub cut shares of Barrick Gold Corporation from a "hold" rating to a "sell" rating in a research report on Saturday, July 1st. BMO Capital Markets set a $18.00 target price on shares of Barrick Gold Corporation and gave the company a "hold" rating in a research report on Wednesday, August 23rd. Credit Suisse Group restated a "buy" rating and issued a $22.00 target price on shares of Barrick Gold Corporation in a research report on Sunday, September 24th. Analysts mean recommendation for the stock is 1.90.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

Among 23 analysts covering Barrick Gold Corp. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company's divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.



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