Economy

Barrick Gold Corporation (NYSE:ABX)

The stock of Barrick Gold Corporation (NYSE:ABX) has "Hold" rating given on Thursday, October 12 by TD Securities. (NYSE:ABX) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC.

The company's ATR (Average True Range) is 0.43. Candriam Luxembourg S.C.A.'s holdings in Barrick Gold Corp. were worth $531,000 at the end of the most recent reporting period. Currently, Barrick Gold Corporation (NYSE:ABX) has an average volume of 11.8 Million. The stock decreased 2.40% or $0.3 during the last trading session, reaching $12.18. Shine Investment Advisory Services Inc. boosted its position in Barrick Gold by 99.8% during the 4th quarter. Flossbach Von Storch AG now owns 30,419,688 shares of the basic materials company's stock valued at $440,172,000 after purchasing an additional 1,741,850 shares during the last quarter. Fruth Investment Management acquired a new position in Barrick Gold during the 4th quarter worth $150,000. Brookfield Asset Management Inc. now owns 31,024 shares of the company's stock valued at $421,000 after buying an additional 5,200 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Barrick Gold by 5.6% in the 4th quarter. When we look at the Volatility of the company, Week Volatility is at 1.82% whereas Month Volatility is at 2.28%. Institutional investors own 60.11% of the company's stock. Today" on October 01, 2017, also Fool.ca with their article: "Should You Own Barrick Gold Corp. (NYSE:ABX) traded down 0.95% during mid-day trading on Monday, hitting $15.58. Moreover, Commonwealth Bank Of Australia has 1.81% invested in the company for 6.16 million shares. As of today, the company has a SMA200 (200-day simple moving average) of -21.74 Percent. Barrick Gold Corp. has $29 highest and $7.50 lowest target.

Barrick Gold Corporation (NYSE:ABX) gross margin percentage stands at 39.6% while its operating margin for the past trailing twelve month is 39.5 percent and its overall profit margin (ttm) is 17.2 Percent.

Barrick Gold (NYSE:ABX) (TSE:ABX) last released its earnings results on Wednesday, February 14th. During the same period in the prior year, the business earned $0.22 EPS. equities analysts predict that Barrick Gold Corp will post 0.89 earnings per share for the current year. During the same quarter past year, the firm earned $0.22 EPS. The River & Mercantile Asset Management Llp holds 240,000 shares with $3.85M value, up from 120,000 last quarter. The basic materials company reported $0.22 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.02.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.03 per share. The indicated annual dividend is $0.12. Barrick Gold Corp.'s dividend payout ratio (DPR) is now -3.29%.

Several brokerages have issued reports on ABX. Zacks Investment Research upgraded Barrick Gold from a hold rating to a buy rating and set a $17.00 price objective for the company in a research note on Monday, January 8th. Jefferies Group set a $17.00 price objective on Barrick Gold and gave the stock a "buy" rating in a report on Thursday, February 15th. Barrick Gold Corp. had 83 analyst reports since August 6, 2015 according to SRatingsIntel. Canaccord Genuity's price target indicates a potential upside of 46.10% from the company's previous close. Finally, Citigroup downgraded shares of Barrick Gold from a "buy" rating to a "sell" rating and set a $13.00 price target for the company.in a research report on Thursday, November 30th. BMO Capital Markets maintained it with "Hold" rating and $16.0 target in Monday, December 18 report. RBC Capital Markets maintained it with "Buy" rating and $2100 target in Tuesday, July 18 report.

Barrick Gold Corporation engages in the exploration and development of mineral properties. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. The Company's segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.



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