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Stock inside Investors Limelight: Barrick Gold Corporation's (ABX)

San Juan's government suspended the addition of cyanide to Veladero's gold processing facility after the latest spill and gave the mine an ultimatum to overhaul safety and environmental operations
Revenue Estimates Analysis Of Barrick Gold Corporation (ABX)
Author

08 May, 2017

The high and low revenue estimates for the current quarter are $2.32 Billion and $1.96 Billion, respectively. Insiders own 1.00% of the company shares.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Barrick Gold Corporation (NYSE:ABX). It has underperformed by 0.95% the S&P500.

Iat Reinsurance Company Ltd decreased Diamond Offshore Drilling Inc. Meag Munich Ergo Kapitalanlagegesellschaft Mbh sold 253,480 shares as Baxter International Inc (BAX)'s stock declined 6.93%. (DO)'s stock rose 1.72%. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.

The number of shares now held by investors is 1.17 Billion. The stock increased 0.41% or $0.23 during the last trading session, reaching $55.91. The stock share price dropped -13.42% comparing to its 20-day moving average. Thomson Reuters Corp (NYSE:TRI) has risen 8.55% since September 22, 2016 and is uptrending. It has underperformed by 10.39% the S&P500.

Barrick Gold Corporation (ABX) has been given an average price target of $21.7 from analysts, according to data collected by Finviz. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Therefore 50% are positive. BMO Capital Markets reissued an "outperform" rating and set a C$24.00 price objective on shares of Barrick Gold Corp in a research report on Friday, April 7th. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned "Buy" rating by Sterne Agee CRT on Friday, January 8. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/05/05/barrick-gold-corp-abx-expected-to-earn-q1-2017-earnings-of-0-24-per-share-updated.html. The rating was maintained by JP Morgan on Wednesday, August 12 with "Hold".

Now the shares of Barrick Gold Corporation (ABX) has a trading volume of 13.12 Million shares, with an average trading volume of 21180 shares - with shares dropping to a 52 week low of $13.79, and the company's shares hitting a 52 week high of $ 23.38. The rating was initiated by Berenberg on Wednesday, September 7 with "Sell".

COPYRIGHT VIOLATION WARNING: "Barrick Gold Corp (ABX) Lowered to Buy at Vetr Inc." was reported by BBNS and is the property of of BBNS. Barclays Capital has "Equal Weight" rating and $10 target. Mackie downgraded Barrick Gold Corp (USA) (NYSE:ABX) on Friday, February 19 to "Hold" rating. Scotiabank reiterated a "sector perform" rating and issued a $22.50 price objective on shares of Barrick Gold Corp in a research note on Tuesday, April 25th. RBC Capital Markets upgraded it to "Outperform" rating and $23 target in Thursday, March 16 report.

Barrick Gold Corporation is a gold mining company.

Barrick Gold Corporation (ABX) has a market capitalization of 18.9 Billion while its Major Index membership is at 0. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development.

The price-earnings ratio is 13.16. The Company's divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

While looking at the SMA values of Barrick Gold Corporation (ABX), the 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. They expect $0.24 EPS, up 71.43% or $0.10 from last year's $0.14 per share. T_PG's profit would be $12.29 million giving it 11.13 P/E if the $0.06 EPS is correct. Barrick Gold Corp has a 1-year low of $18.52 and a 1-year high of $30.44.

Among 28 analysts covering Diamond Offshore Drilling Inc. Old Mutual Customised Solutions (Proprietary) Limited holds 0.05% or 6,637 shares in its portfolio. Therefore 21% are positive. Premier Gold Mines Ltd. had 27 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup maintained Diamond Offshore Drilling Inc (NYSE:DO) on Thursday, August 25 with "Neutral" rating. The company was upgraded on Tuesday, April 4 by Leerink Swann. Clarkson Capital initiated the stock with "Neutral" rating in Tuesday, February 16 report. The company was upgraded on Tuesday, May 31 by KLR Group.

10/05/2016 - Barrick Gold Corporation had its "buy" rating reiterated by analysts at Goldman Sachs.


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