Barrick Gold Corp. (NYSE:ABX) traded down 2.8% during mid-day trading on Thursday . The stock traded as low as $21.94 and last traded at $22.52, with a volume of 15,005,222 shares traded. The stock had previously closed at $23.16.

Several equities research analysts have recently issued reports on the stock. Vetr lowered shares of Barrick Gold Corp. from a “hold” rating to a “sell” rating and set a $17.33 target price on the stock. in a research note on Monday, May 2nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Barrick Gold Corp. in a research note on Monday, April 25th. Zacks Investment Research lowered shares of Barrick Gold Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Canaccord Genuity reissued a “buy” rating and set a $21.50 target price (up from $21.00) on shares of Barrick Gold Corp. in a research note on Friday, April 1st. Finally, Argus raised shares of Barrick Gold Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, March 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.22.

The stock’s market capitalization is $26.01 billion. The stock has a 50 day moving average price of $19.57 and a 200 day moving average price of $14.71.

Barrick Gold Corp. (NYSE:ABX) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The business earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. Analysts forecast that Barrick Gold Corp. will post $0.60 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, May 26th.

Several hedge funds have made changes to their positions in ABX. Jennison Associates LLC increased its stake in shares of Barrick Gold Corp. by 15.7% in the fourth quarter. Jennison Associates LLC now owns 5,450,365 shares of the company’s stock valued at $40,224,000 after buying an additional 740,712 shares during the period. I.G. Investment Management LTD. increased its stake in shares of Barrick Gold Corp. by 99.2% in the fourth quarter. I.G. Investment Management LTD. now owns 664,800 shares of the company’s stock valued at $4,922,000 after buying an additional 331,083 shares during the period. Marshall Wace LLP acquired a new stake in shares of Barrick Gold Corp. during the fourth quarter valued at about $1,326,000. Deere & Co. acquired a new stake in shares of Barrick Gold Corp. during the fourth quarter valued at about $1,776,000. Finally, Stuyvesant Capital Management increased its stake in shares of Barrick Gold Corp. by 2.2% in the fourth quarter. Stuyvesant Capital Management now owns 279,150 shares of the company’s stock valued at $2,060,000 after buying an additional 6,120 shares during the period.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

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