Economy

Barrick Gold Corp (ABX) Earns "Market Perform" Rating from BMO Capital Markets

The firm owned 11,600 shares of the company's stock after buying an additional 100 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of Barrick Gold Corporation by 34.2% in the second quarter. In the latest earnings report the EPS was $2.02 and is estimated to be $0.75 for the current year with 1,166,003,000 shares now outstanding. Arlington Capital Management Inc. increased its stake in shares of Barrick Gold Corporation by 4.6% in the second quarter.

The company is now down by 0.43%% since yesterday's close of 16.1. The dividend payment was $0.030 per share for the quarter which comes to $0.12 on an annualized basis.

As of quarter end Gateway Investment Advisers LLC had acquired a total of 1,942 shares growing its position 7.8%.

06/01/2017 - Barrick Gold Corporation had its "equal-weight" rating reiterated by analysts at Barclays. Dorchester Wealth Management Co owns 47,296 shares valued at $761,000. As per Wednesday, October 5, the company rating was maintained by Goldman Sachs. Short shares fell 1,565,133 over that timeframe. About 277.18M shares traded.

Among 23 analysts covering Barrick Gold Corp. The company has a market capitalization of $23.58 billion and a price-to-earnings ratio of 7.72.

The stock last traded at $16.03 which is slightly below $16.77, the 50 day moving average and which is just a bit below the 200 day moving average of $16.85. The original version of this story can be viewed at https://weekherald.com/2017/10/23/barrick-gold-corp-abx-scheduled-to-post-quarterly-earnings-on-wednesday.html. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Analysts expect next quarter's EPS will be $0.22 and the next full year EPS is anticipated to be $0.83. The company recently declared a dividend for shareholders paid on Friday September 15th, 2017. This dividend amount represented a yield of $0.75. The ex-dividend date was Monday, November 28th. Deutsche Bank upgraded the shares of ABX in report on Monday, October 3 to "Buy" rating.

Barrick Gold Corporation had its "outperform" rating reiterated by analysts at RBC Capital. Scotiabank restated a "sector perform" rating and issued a C$30.00 target price on shares of Barrick Gold Corp in a report on Tuesday, July 4th. Finally, Canaccord Genuity dropped their price target on Barrick Gold Corp from C$27.50 to C$25.00 and set a "buy" rating for the company in a report on Friday.

Jefferies Group LLC set a $20.00 price objective on Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) in a research note issued to investors on Thursday morning. Credit Suisse Group reissued a buy rating and set a $22.00 price target on shares of Barrick Gold Corporation in a report on Sunday, September 24th. (NYSE:ABX), 11 have Buy rating, 0 Sell and 12 Hold. RBC Capital Markets maintained Barrick Gold Corp (USA) (NYSE:ABX) rating on Friday, September 18.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. It also holds interest in gold mines, including Porgera and Kalgoorlie, and copper mines, such as Zaldivar and Lumwana. Barricks' segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.



Like this

Latest


23 October 2017
Centre to hold sustained dialogue on Kashmir issue: Rajnath
The government will engage in dialogue with all sections of the society on the Kashmir issue, he added. We want to understand aspirations of people of Jammu and Kashmir", the minister said.

23 October 2017
Pakistan Finance Minister appears before accountability court
The court has adjourned the case until October 30 and summoned Gondal and the finance minister on the next hearing again. The witness said that the account was opened in 2005, adding that he has provided details from March 2005 to 2017.

23 October 2017
Gas prices continue to fall
Gas prices have fallen steadily for the past five weeks and motorists are seeing gasoline demand drop alongside prices. Nationally, prices fell 1.6 cents a gallon, to $2.44, GasBuddy said in a statement.

23 October 2017
CIA Takes More Aggressive Role in Afghanistan
You pick the word. "This is unforgiving, relentless...we have to be focused on crushing our enemies". But Trump said in August that he would loosen restrictions on hunting down militants.

23 October 2017
National Anthem in cinema halls may soon become optional
As reported by Scroll, in its order the court said that one need not stand up for the national anthem in cinemas to prove their patriotism.

23 October 2017
Carla Williams leaving Georgia to take Virginia athletics director position
Williams was a three-year starter for the Lady Bulldogs from 1987-1989 and she played professionally in Spain after graduating from Georgia in 1989.

23 October 2017
Killed in Another Attack on Maiduguri
The military's strike was carried out about 48 hours after nine soldiers were said to have been killed by some gunmen who launched an attack on their military base in Marte local government area. "The area is vulnerable and I advise residents to be more vigilant", the chairman said.

23 October 2017
Play The Evil Within 2 in first-person with a simple command
In a game that is meant to scare players like The Evil Within 2 , this is simply ideal and increases immersion significantly. If that doesn't work, some players are inputting the "toggle" command first, or "idStudio", which activates cheat mode.

23 October 2017
Premier League Gameweek 9: Team of the week
The defender made four clearances and two tackles, and also bagged City's second goal of the contest. Game week 9 of the Premier League has been all about one-sided matches and shocking results. .

23 October 2017
Kidambi Srikanth outclasses Lee Hyun Il to win maiden Denmark Open title
While his attacking style is a treat to watch, the 24-year-old has struggled when pushed out of his comfort zone in the past. But to Srikanth's credit he showed enough mettle to grind out points when under pressure.



Recommended