Barrick Gold Corp. (ABX) Trading Up 3.1%
Shares of Barrick Gold Corp. (NYSE:ABX) were up 3.1% during trading on Wednesday . The stock traded as high as $17.79 and last traded at $17.74, with a volume of 6,766,072 shares changing hands. The stock had previously closed at $17.20.
Several analysts recently commented on ABX shares. Vetr upgraded shares of Barrick Gold Corp. from a “buy” rating to a “strong-buy” rating and set a $22.58 price target for the company in a research report on Wednesday, June 15th. Zacks Investment Research upgraded shares of Barrick Gold Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, July 12th. Berenberg Bank started coverage on shares of Barrick Gold Corp. in a research report on Wednesday, September 7th. They issued a “sell” rating and a $15.20 price target for the company. Mackie downgraded shares of Barrick Gold Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. Finally, RBC Capital Markets reiterated a “sector perform” rating on shares of Barrick Gold Corp. in a research report on Sunday, September 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $21.56.
The company has a 50 day moving average of $19.48 and a 200-day moving average of $18.29. The firm’s market cap is $21.78 billion.
Barrick Gold Corp. (NYSE:ABX) last posted its earnings results on Wednesday, July 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The company earned $2.01 billion during the quarter, compared to the consensus estimate of $2.02 billion. Barrick Gold Corp. had a negative net margin of 33.33% and a positive return on equity of 4.95%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Equities research analysts anticipate that Barrick Gold Corp. will post $0.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, August 29th. Barrick Gold Corp.’s payout ratio is -3.29%.
Large investors have recently bought and sold shares of the stock. Cohen & Steers Inc. boosted its stake in Barrick Gold Corp. by 32,393.7% in the second quarter. Cohen & Steers Inc. now owns 43,332,308 shares of the company’s stock worth $1,599,829,000 after buying an additional 43,198,952 shares during the last quarter. Orbis Allan Gray Ltd acquired a new position in shares of Barrick Gold Corp. during the first quarter worth approximately $414,288,000. BlackRock Group LTD raised its position in shares of Barrick Gold Corp. by 455.6% in the first quarter. BlackRock Group LTD now owns 22,778,990 shares of the company’s stock worth $309,339,000 after buying an additional 18,679,408 shares during the period. FMR LLC raised its position in shares of Barrick Gold Corp. by 235.7% in the second quarter. FMR LLC now owns 25,629,021 shares of the company’s stock worth $547,117,000 after buying an additional 17,994,004 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Barrick Gold Corp. by 20.0% in the second quarter. Van ECK Associates Corp now owns 59,726,542 shares of the company’s stock worth $1,275,162,000 after buying an additional 9,942,301 shares during the period. Institutional investors own 60.11% of the company’s stock.
Barrick Gold Corp. Company Profile
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.
Receive News & Ratings for Barrick Gold Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold Corp. and related companies with MarketBeat.com's FREE daily email newsletter.