Economy

Thrashing Stock- Barrick Gold Corporation (NYSE:ABX)

A reading over 70 would indicate that the stock is overbought, and possibly overvalued. FNY Partners Fund LP bought a new stake in shares of Barrick Gold during the 2nd quarter valued at $159,000. Private Advisor Group LLC raised its position in Barrick Gold by 40.1% in the 3rd quarter.

Shares of Coca-Cola Company (KO) is moving on volatility today -0.20% or -0.09 from the open. Institutional investors own 55.65% of the company's stock.

A number of brokerages recently commented on ABX. Canaccord Genuity reduced their price objective on Barrick Gold from C$30.00 to C$27.50 in a research note on Friday, September 29th. BMO Capital Markets reiterated a "market perform" rating and set a C$18.00 target price on shares of Barrick Gold in a report on Friday, October 13th. Finally, Berenberg Bank reissued a "hold" rating on shares of Barrick Gold in a report on Tuesday, October 24th.

Among 4 analysts covering Trecora Resources (NYSE:TREC), 4 have Buy rating, 0 Sell and 0 Hold. The company presently has an average rating of "Hold" and a consensus target price of $18.55.

Shares of Barrick Gold Corp (ABX) traded down $0.08 during trading on Friday, reaching $14.95. Over the last five days, shares have managed 3.73% gains and now is down -7.9% since hitting its 200-day moving average of $15.74. The company has a market capitalization of $22,110.00, a price-to-earnings ratio of 8.12 and a beta of -0.88. Stelliam Investment Management Lp who had been investing in Barrick Gold Corp (Call) for a number of months, seems to be less bullish one the $17.68 billion market cap company.

To have technical views, liquidity ratio of a company calculated as 2.70 to match up with its debt to equity ratio of 0.67.

Cantab Capital Partners Llp increased Barrick Gold Corporation Cmn (ABX) stake by 299.92% reported in 2017Q3 SEC filing. 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 last quarter. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $2.02 billion. Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The firm's quarterly revenue was down 15.8% on a year-over-year basis. Desjardins also issued estimates for Barrick Gold's Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $0.96 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $1.01 EPS, Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.24 EPS, FY2019 earnings at $0.95 EPS, FY2020 earnings at $0.74 EPS and FY2021 earnings at $0.44 EPS.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. This represents a $0.15 annualized dividend and a dividend yield of 0.80%. (NASDAQ:MBUU) on Wednesday, November 8 with "Buy" rating.

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on February, 21.

Viewing the technical levels for Barrick Gold Corporation (ABR.DE), we have recorded the SuperTrend line underneath a recent stock price check. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of global copyright & trademark laws. The outstanding shares for Barrick Gold Corporation is 1164.06, along with a floating outstanding shares of 1163.3.

Barrick Gold Corporation engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.



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