Shares of Barrick Gold Corp. (NYSE:ABX) dropped 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. The stock had previously closed at $21.57.

ABX has been the subject of several research analyst reports. Royal Bank Of Canada lifted their target price on shares of Barrick Gold Corp. from $12.50 to $16.00 in a report on Tuesday, April 12th. Jefferies Group lifted their target price on shares of Barrick Gold Corp. to $15.00 in a report on Wednesday, March 30th. Clarkson Capital raised shares of Barrick Gold Corp. from a “neutral” rating to a “buy” rating in a report on Monday, April 18th. Vetr raised shares of Barrick Gold Corp. from a “hold” rating to a “buy” rating and set a $16.13 target price for the company in a report on Monday, April 18th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $21.50 target price (up previously from $21.00) on shares of Barrick Gold Corp. in a report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.25.

The company’s 50 day moving average price is $20.51 and its 200-day moving average price is $15.48. The stock’s market cap is $23.78 billion.

Barrick Gold Corp. (NYSE:ABX) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm earned $1.93 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the business posted $0.05 earnings per share. Barrick Gold Corp.’s revenue was down 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that Barrick Gold Corp. will post $0.66 earnings per share for the current year.

Other institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in Barrick Gold Corp. by 15.7% in the fourth quarter. Jennison Associates LLC now owns 5,450,365 shares of the company’s stock worth $40,224,000 after buying an additional 740,712 shares during the period. Boston Partners raised its position in Barrick Gold Corp. by 4.1% in the fourth quarter. Boston Partners now owns 13,663,539 shares of the company’s stock worth $100,837,000 after buying an additional 540,595 shares during the period. I.G. Investment Management LTD. raised its position in 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 worth $4,922,000 after buying an additional 331,083 shares during the period. OppenheimerFunds Inc. raised its position in Barrick Gold Corp. by 14.1% in the fourth quarter. OppenheimerFunds Inc. now owns 2,210,386 shares of the company’s stock worth $16,313,000 after buying an additional 272,886 shares during the period. Finally, Deere & Co. purchased a new position in Barrick Gold Corp. during the fourth quarter worth approximately $1,776,000.

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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