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Barrick Gold Corp (ABX) Receives Average Rating of "Buy" from Brokerages
20 May 2017, 08:39 | Jan Cross
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Barrick Gold Corp (NYSE:ABX) traded up 0.85% during trading on Wednesday, hitting $16.65. Investors purchased 3,942 put options on the stock. This is an increase of 185% compared to the typical daily volume of 1,381 put options.
Barrick Gold Corp (USA) (NYSE:ABX)'s shares are trading at $16.60 with incline of 0.55%. The company now has an average volume of 14.17 Million. The stock's price is floating in a range of $16.50 and $16.76 whereas, it's 52-week High Price is $23.47 with respect to its 52-week Low Price of $13.81.
Since the beginning of the calendar year, the stock is 3.47%. One of the more popular combinations is to use the 50-day and 200-day moving averages.
Shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) have earned an average recommendation of "Hold" from the nineteen ratings firms that are presently covering the company. Barrick Gold Corp. had 52 analyst reports since August 6, 2015 according to SRatingsIntel. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.22 billion. For the next fiscal year, analysts forecast that the firm will report earnings of $0.86 per share, with EPS estimates ranging from $0.64 to $1.05. The company has grown 0.01% in past 3 months and in the last five trades has moved up 4.72%. Investors of record on Wednesday, May 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.12 dividend on an annualized basis and a yield of 0.74%. Lost its Mojo?" published on May 01, 2017, Fool.ca published: "Barrick Gold Corp.: "The Glitter in its Gold Is Shining Brighter" on February 17, 2017.
ABX has been the subject of a number of other reports. Finally, Credit Suisse Group AG reiterated a "buy" rating and set a $23.00 price objective on shares of Barrick Gold Corp in a report on Wednesday, February 15th. Royal Bank of Canada restated a "hold" rating and issued a $19.00 price objective on shares of Barrick Gold Corp in a report on Tuesday, January 3rd.
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Price targets show what analysts believes a stock will be worth at the end of a certain time period. The company has a consensus rating of "Hold" and a consensus price target of $22.97.
Several institutional investors have recently modified their holdings of ABX. Majedie Asset Management Ltd now owns 10,811,567 shares of the basic materials company's stock valued at $191,581,000 after buying an additional 6,736,764 shares in the last quarter. Acadian Asset Management LLC increased its position in Barrick Gold Corp by 0.9% in the third quarter. BMO Capital Markets set a $20.00 price target on shares of Barrick Gold Corp and gave the stock a "buy" rating in a research note on Thursday, February 2nd. Chelsea Counsel Co. increased its position in Barrick Gold Corp by 1.0% in the third quarter.
The number of shares now held by investors is 1.17 Billion. Renaissance Technologies LLC increased its position in Barrick Gold Corp by 8.0% in the fourth quarter. Caxton Associates LP now owns 11,340,000 shares of the basic materials company's stock worth $181,213,000 after buying an additional 5,800,000 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its position in Barrick Gold Corp by 13.0% in the third quarter. The company's market capitalization is $3.44 billion with the total outstanding shares of 1.05 billion. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.07. Barrick Gold Corp also was the target of some unusual options trading activity on Friday. If you are viewing this report on another website, it was copied illegally and republished in violation of global trademark and copyright laws.
More interesting news about Barrick Gold Corp (USA) (NYSE:ABX) were released by: Fool.ca and their article: "Buy Barrick Gold Corp".
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