Barrick Gold Corp. (ABX) Trading Up 5.3%
Shares of Barrick Gold Corp. (NYSE:ABX) were up 5.3% during trading on Thursday . The company traded as high as $17.95 and last traded at $17.92, with a volume of 14,600,210 shares traded. The stock had previously closed at $17.01.
A number of analysts recently commented on ABX shares. Vetr upgraded Barrick Gold Corp. from a “sell” rating to a “buy” rating and set a $21.38 price target on the stock in a report on Thursday, June 9th. Goldman Sachs Group Inc. boosted their target price on Barrick Gold Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Zacks Investment Research upgraded Barrick Gold Corp. from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, July 12th. Credit Suisse Group AG restated a “buy” rating and issued a $17.00 target price on shares of Barrick Gold Corp. in a research note on Wednesday, June 29th. Finally, Jefferies Group upgraded Barrick Gold Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $21.08 to $26.00 in a research note on Thursday, July 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $21.28.
The company has a 50-day moving average of $20.70 and a 200-day moving average of $17.82. The firm’s market capitalization is $20.69 billion.
Barrick Gold Corp. (NYSE:ABX) last issued its earnings results on Wednesday, July 27th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. During the same quarter last year, the company posted ($0.01) EPS. The business earned $2.01 billion during the quarter, compared to analyst estimates of $2.02 billion. The company’s revenue was down 9.8% on a year-over-year basis. On average, equities analysts predict that Barrick Gold Corp. will post $0.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.47%.
A hedge fund recently raised its stake in Barrick Gold Corp. stock. I.G. Investment Management LTD. raised its stake in shares of Barrick Gold Corp. (NYSE:ABX) by 99.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 664,800 shares of the company’s stock after buying an additional 331,083 shares during the period. I.G. Investment Management LTD. owned 0.06% of Barrick Gold Corp. worth $4,922,000 at the end of the most recent 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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