Barrick Gold Corp. (NYSE:ABX) shares fell 5.4% during trading on Wednesday . The stock traded as low as $20.26 and last traded at $20.40, with a volume of 12,512,800 shares changing hands. The stock had previously closed at $21.57.

Several research firms have commented on ABX. Vetr raised Barrick Gold Corp. from a “hold” rating to a “buy” rating and set a $16.13 price objective on the stock in a research report on Monday, April 18th. TheStreet raised Barrick Gold Corp. from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Clarkson Capital raised Barrick Gold Corp. from a “neutral” rating to a “buy” rating in a research report on Monday, April 18th. TD Securities cut their price objective on Barrick Gold Corp. from $18.00 to $17.50 and set a “buy” rating on the stock in a research report on Tuesday, March 29th. Finally, Canaccord Genuity lowered Barrick Gold Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Barrick Gold Corp. currently has a consensus rating of “Buy” and a consensus target price of $17.20.

The firm’s 50 day moving average is $20.32 and its 200 day moving average is $15.42. The stock’s market capitalization is $23.20 billion.

Barrick Gold Corp. (NYSE:ABX) last issued 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 analyst estimates of $1.95 billion. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, equities research analysts anticipate that Barrick Gold Corp. will post $0.65 EPS for the current year.

A number of large investors have modified their holdings of the stock. Comerica Bank raised its stake in shares of Barrick Gold Corp. by 16.7% in the fourth quarter. Comerica Bank now owns 126,711 shares of the company’s stock valued at $1,067,000 after buying an additional 18,121 shares during the last quarter. 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. I.G. Investment Management LTD. raised 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 last quarter. Finally, GAM Holding AG raised its stake in shares of Barrick Gold Corp. by 3.3% in the fourth quarter. GAM Holding AG now owns 1,798,379 shares of the company’s stock valued at $13,272,000 after buying an additional 56,801 shares during the last quarter.

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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