16 August, 2017
Finally, Jefferies Group LLC increased their price objective on Barrick Gold Corporation from $21.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, April 19th. The stock declined 1.66% or $0.24 reaching $13.91 per share. Barrick Gold Corp (USA)'s 50-day moving average is $16.28 and its 200-day moving average is $17.53. The average 12 month target price among brokerages that have issued a report on the stock in the past year is C$25.17.
The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Arlington Capital Management Inc. now owns 850,132 shares of the basic materials company's stock worth $16,144,000 after buying an additional 35,481 shares during the last quarter. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. 2 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 14 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $19.50. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for STLD and estimated EPS for next quarter is $ 0.72. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. Bluestein R H & Company who had been investing in Barrick Gold Corp for a number of months, seems to be less bullish one the $19.48B market cap company. FNY Managed Accounts LLC purchased a new position in shares of Barrick Gold Corporation during the first quarter valued at about $116,000.
More notable recent Barrick Gold Corp (USA) (NYSE:ABX) news were published by: Fool.ca which released: "Better Buy: Barrick Gold Corp. vs. Goldcorp Inc." on August 09, 2017, also Investorplace.com with their article: "Gold Climbs as North Korea Concerns Increase" published on August 09, 2017, Fool.ca published: "Should Barrick Gold Corp". At the time of writing, the First Call consensus price target for the company is $20.13. About 3.71 million shares traded. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. During the same quarter previous year, the business posted $0.14 earnings per share. The business's revenue was up 7.4% compared to the same quarter a year ago.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, July 26th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.03 dividend. While looking the figure depicted by the Price to Earning we can suggest that the shares of Barrick Gold Corporation (ABX) are overvalued. SELL rating has been given by 0 analyst (s) and 5 analyst (s) given BUY rating to the stock. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.73%. Barrick Gold Corporation's dividend payout ratio is presently 5.94%.
Many analysts have provided their estimated foresights on Barrick Gold Corporation Earnings, with 13 analysts believing the company would generate an Average Estimate of $0.17. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company's divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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