Barrick Gold Corporation (NYSE:ABX) Seeing Rampant Activity Today

Nevada's Gold Production Rises, Silver Production Drops
Gold production in 'Silver State' increases in 2016
Author

23 May, 2017

Currently, the market capitalization of Barrick Gold Corporation (ABX) is 19.23 Billion.

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. This is an increase of 643% compared to the typical volume of 9,674 put options.

Barrick Gold Corporation (NYSE:ABX) closed at $16.65 after seeing 11896281 shares trade hands during the most recent session.

Many analysts are providing their Estimated Earnings analysis for Barrick Gold Corporation and for the current quarter 14 analysts have projected that the stock could give an Average Earnings estimate of $0.18/share. ABX generated revenue of $1.93 Billion in the same quarter, one year ago. The Company has 52-week high of $23.38 and 52-week low of $13.79. The company has a 50 day moving average of $18.03 and a 200-day moving average of $17.45. For the quarter, shares have been noted at -17.45%.

More notable recent Barrick Gold Corp (USA) (NYSE:ABX) news were published by: Fool.ca which released: "Barrick Gold Corp.: Buy Today?" on May 18, 2017, also Fool.ca with their article: "Has Barrick Gold Corp". During the same quarter a year ago, the firm posted $0.11 EPS. During the same quarter a year ago, the company earned $0.11 EPS. Stockholders of record on Wednesday, May 31st will be given a dividend of 0.03 per share by the basic materials company on Thursday, June 15th. The dividend yield of 0.54% measures the amount of cash dividends distributed to common shareholders relative to the market value per share. The ex-dividend date is Friday, May 26th.

A number of brokerages have recently weighed in on ABX. Acrospire Investment Management LLC raised its position in Barrick Gold Corp by 43.5% in the third quarter.

Asa Gold & Precious Metals Ltd decreased Barrick Gold Corp (ABX) stake by 7.84% reported in 2016Q4 SEC filing. At the time of writing, the First Call consensus price target for the company is $21.52. Berenberg Bank restated a "sell" rating and issued a $15.20 target price on shares of Barrick Gold Corp in a research report on Thursday, February 16th. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The stock has a consensus rating of "Hold" and a consensus target price of $22.97.

Institutional investors have recently modified their holdings of the stock.

Barrick Gold Corp (NYSE:ABX) (TSE:ABX) declared a quarterly dividend on Tuesday, April 25th. Point72 Asset Management L.P. now owns 404,700 shares of the basic materials company's stock valued at $7,685,000 after buying an additional 364,700 shares during the period. The original version of this news story can be viewed at https://sportsperspectives.com/2017/05/21/0-24-eps-expected-for-barrick-gold-corp-abx-this-quarter-updated-updated-updated.html.

According to Finviz reported data, The SMA20 of the stock is at -1.09 percent, SMA50 is -8.67 percent, while SMA200 is -5.69 percent. Caxton Associates LP raised its position in shares of Barrick Gold Corp by 104.7% in the fourth quarter. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The overall volume in the last trading session was 4.69 million shares, versus the average volume of 6.14 million shares. Institutional investors own 58.61% of the company's stock. Barrick Gold Corp also saw unusually large options trading on Friday. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & global trademark & copyright laws.

Total gold production was just over 5.3 million ounces (151 million grams) in 2015, while silver production totaled a little less than 9.5 million ounces (269 million grams) that year.

Gold production is on the rise in Nevada. The Company's segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.


More news


  • Markets Right Now: Industrials lead US stocks broadly higher

    Markets Right Now: Industrials lead US stocks broadly higher

    Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. The Dow Jones Industrial Average rose 89.99 points or 0.43 percent to settle at 20,894.83.
    Gambia's Jammeh 'stole $50m', assets frozen

    Gambia's Jammeh 'stole $50m', assets frozen

    Mr Jammeh has been out of contact since he left The Gambia and has not responded to the allegations. This is published unedited from the PTI feed .

    Kinross Gold Corporation (KGC)

    Chelsea Counsel Co. boosted its stake in Kinross Gold by 0.3% in the third quarter. 6,542,184 shares of the stock were exchanged. CIBC raised Kinross Gold from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, May 3rd.
  • Coach Harbaugh helps deliver calf on IN farm

    Harbaugh - a well-documented milk-lover - toured Fair Oaks Farms , and helped welcome a baby calf while he was there. He helped deliver a calf Monday morning before hitting the golf course for Jason Day's charity golf event.

    Stock Volume Ramping Up Mid-Session: Cliffs Natural Resources Inc. (NYSE:CLF)

    Shares for $327,410 were sold by KLEINMAN MARK H. $547,442 worth of stock was sold by Montemayor Margaret on Monday, February 27. KLAUSMEYER KEVIN had sold 4,773 shares worth $93,312. (NASDAQ:CALD) was sold by Stretch Leslie on Wednesday, February 15.
    Hugh Grant to star on Stephen Frears A Very English Scandal

    Hugh Grant to star on Stephen Frears A Very English Scandal

    The three-part drama is directed by Oscar nominee and BAFTA victor Stephen Frears and written by BAFTA victor Russel T Davies. The story is depicted in the book the same name as the upcoming drama, " A Very English Scandal " by John Preston.
  • Berkshire Hills to move headquarters to Boston as part of latest acquisition

    Berkshire Bank has been on an expansion course, having last bought Springfield's Hampden Bank in 2015 for $109 million. Finally, Nordea Investment Management AB raised its position in Berkshire Hills Bancorp by 150.4% in the third quarter.
    Trump's Visit To This Jewish Holy Site Wasn't Without Controversy

    Trump's Visit To This Jewish Holy Site Wasn't Without Controversy

    Trump's administration has ordered a study into the causes of USA trade deficits and a clamp-down on import duty evasion. After landing in Tel Aviv, Trump will head to Jerusalem for a series of meetings, speeches and symbolic visits.

    Rick Scott adds Miami House district to special summer election

    Daisy Baez dropped her bid for state Senate last week, amid reports she does not live in the House district she now represents. Diaz's House district overlaps in part with Artiles' former Senate district in Southwest Miami-Dade County.
  • In A Historic First, Trump Visits Old City Of Jerusalem

    The main focus of Trump's visit, however, is a push to restart stalled peace talks between the Israelis and Palestinians. Trump's daughter Ivanka and son-in-law Jared Kushner, who are observant Jews, joined the president and his wife.
    US Govt 'Under Assault' by Trump After Comey Firing: Clapper

    US Govt 'Under Assault' by Trump After Comey Firing: Clapper

    A vocal Trump supporter, "KG" is the co-host of The Five that airs on the Fox News Channel Monday through Friday at 9 p.m. He is standing in for ousted director James Comey , who was sacked by President Donald Trump this past week.
    France's Macron appoints center-right PM to widen appeal

    France's Macron appoints center-right PM to widen appeal

    Longtime Macron supporter and campaign manager Richard Ferrand was rewarded with the territorial cohesion portfolio. Sylvie Goulard, a centrist member of the European Parliament close to Bayrou, becomes France's defense minister.