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.



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