Economy

US Global Investors Inc. Has $796000 Stake in Barrick Gold Corporation (ABX)

Several equities analysts have recently weighed in on the company.

The average price for gold fell to $1,278 per ounce during the quarter from $1,333 a year earlier, the company said. Northwestern Mutual Wealth Management Co. raised its position in Barrick Gold Corporation by 0.6% during the second quarter. The company has market cap of $24.26 billion. The fund owned 173,031 shares of the basic materials company's stock after purchasing an additional 7,967 shares during the quarter. Finally, Covington Capital Management boosted its stake in Barrick Gold Corp by 0.9% in the third quarter. About 6.15M shares traded. Institutional investors own 55.70% of the company's stock.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Citigroup Inc. reiterated a "buy" rating on shares of Barrick Gold Corporation in a report on Wednesday, September 6th.

Investors wait Barrick Gold Corp (USA) (NYSE:ABX) to report on October, 25 after the close. its quarterly earnings Wall Street analysts expect $0.18 earnings per share, down $0.06 or 25.00 % from last year's $0.24 same quarter earnings. Barrick Gold Corporation's average EBITDA per Share Growth Rate was 0 percent during the past 12 months.

In a report released on 10/13/2017 BMO Capital Markets increased the stock price target of Barrick Gold Corp.

Barrick Gold Corporation was covered by a number of analysts recently, 5 rated the stock as Buy, 5 rated Outperform, 13 rated Hold, 2 gave an Underperform and 0 rated sell.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.5 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. $21.67's average target is 4.18% above currents $20.8 stock price.

ILLEGAL ACTIVITY WARNING: This news story was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another site, it was stolen and republished in violation of worldwide copyright & trademark laws. The correct version of this news story can be accessed at https://weekherald.com/2017/10/15/afam-capital-inc-has-2-75-million-position-in-barrick-gold-corporation-abx.html. PolyOne Corporation (NYSE:POL) has risen 5.26% since October 15, 2016 and is uptrending. 6,146,102 shares of the stock traded hands.

Barrick Gold estimated it produced 1.24 million ounces of gold in the quarter, less than the 1.38 million ounces produced a year earlier and slightly lower than Deutsche Bank Securities' estimate of 1.29 million ounces. ABX's latest closing price was -3.87% away from the average price of 200 days while it maintained a distance of -1.58% from the 50 Day Moving Average and 0.82% away compared to its SMA 20. The stock increased 1.49% or $0.61 on October 13, reaching $41.48.

Analysts await Amdocs Limited (NASDAQ:DOX) to report earnings on November, 14. The basic materials company reported $0.22 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.05. Barrick Gold Corp had a net margin of 44.61% and a return on equity of 32.97%. Barrick Gold Corporation's revenue for the quarter was up 7.4% on a year-over-year basis. After a recent check, it is observed that the insiders for the firm now own 0.10% shares.

Barrick Gold Corporation (ABX) now has a Return on Assets (ROA) value of 9.2 Percent.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday the 29th of August 2017. The dividend yield was $0.72. Barrick Gold Corporation's dividend payout ratio is now 5.94%.

The operation has been accused by the country's government of evading taxes for years by under-declaring exports, stalling work at the mines as well exports of its gold and copper concentrates. 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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