Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) – Analysts at Cormark reduced their Q3 2017 EPS estimates for shares of Barrick Gold Corporation in a research note issued to investors on Monday. Cormark analyst R. Gray now expects that the basic materials company will earn $0.17 per share for the quarter, down from their previous forecast of $0.24.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $0.14 EPS. Barrick Gold Corporation’s quarterly revenue was up 7.4% on a year-over-year basis.

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ABX has been the topic of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barrick Gold Corporation in a research report on Thursday, September 7th. BMO Capital Markets set a $18.00 price objective on shares of Barrick Gold Corporation and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Barrick Gold Corporation in a research report on Thursday, September 21st. Zacks Investment Research lowered shares of Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Berenberg Bank raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $16.13 to $16.40 in a research report on Thursday, June 29th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.15.

Barrick Gold Corporation (ABX) opened at 16.24 on Tuesday. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $20.78. The firm has a market cap of $18.94 billion, a price-to-earnings ratio of 8.04 and a beta of -0.33. The company has a 50-day moving average of $16.98 and a 200-day moving average of $16.92.

A number of large investors have recently modified their holdings of ABX. BlackRock Inc. grew its stake in Barrick Gold Corporation by 40,554.0% during the first quarter. BlackRock Inc. now owns 23,482,163 shares of the basic materials company’s stock valued at $445,925,000 after acquiring an additional 23,424,402 shares in the last quarter. Flossbach Von Storch AG grew its stake in Barrick Gold Corporation by 104.8% during the second quarter. Flossbach Von Storch AG now owns 26,529,688 shares of the basic materials company’s stock valued at $422,088,000 after acquiring an additional 13,576,086 shares in the last quarter. Franklin Resources Inc. grew its stake in Barrick Gold Corporation by 41.7% during the second quarter. Franklin Resources Inc. now owns 34,981,711 shares of the basic materials company’s stock valued at $556,558,000 after acquiring an additional 10,291,973 shares in the last quarter. Majedie Asset Management Ltd grew its stake in Barrick Gold Corporation by 7.8% during the second quarter. Majedie Asset Management Ltd now owns 18,856,140 shares of the basic materials company’s stock valued at $300,001,000 after acquiring an additional 1,360,514 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in Barrick Gold Corporation by 13.8% during the second quarter. APG Asset Management N.V. now owns 10,218,045 shares of the basic materials company’s stock valued at $210,798,000 after acquiring an additional 1,236,360 shares in the last quarter. 55.68% of the stock is owned by institutional investors.

About Barrick Gold Corporation

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Earnings History and Estimates for Barrick Gold Corporation (NYSE:ABX)

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