Barrick Gold Corp. (ABX) Trading Up 5.3%
Barrick Gold Corp. (NYSE:ABX) was up 5.3% during mid-day 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. The stock had previously closed at $17.01.
A number of equities research analysts have issued reports on ABX shares. Zacks Investment Research lowered shares of Barrick Gold Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Vetr lowered shares of Barrick Gold Corp. from a “hold” rating to a “sell” rating and set a $17.33 price objective on the stock. in a report on Monday, May 9th. Royal Bank Of Canada raised their price objective on shares of Barrick Gold Corp. from $16.00 to $18.00 and gave the company a “sector perform” rating in a report on Monday, May 9th. Goldman Sachs Group Inc. raised their price objective on shares of Barrick Gold Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Finally, Mackie lowered shares of Barrick Gold Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.28.
The stock has a 50-day moving average of $20.58 and a 200 day moving average of $17.82. The firm’s market cap is $21.16 billion.
Barrick Gold Corp. (NYSE:ABX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts anticipate that Barrick Gold Corp. will post $0.69 earnings per share for the current fiscal year.
The firm also recently disclosed 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 0.44%.
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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