Barrick shares hammered after slashing production guidance

Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Rathbone Brothers plc boosted its position in Barrick Gold Corp by 72.5% in the third quarter. Earnings per share serves as an indicator of a company's profitability.

4/7/2017-BMO Capital Markets Reiterated Rating of Outperform. The stock closing price is now trading downward to its 50 day moving average with change of -1.90%, escalated to its 20 day moving average with figure of 5.35% and behind its 200 day moving average with value -22.40%.

Shares of Barrick Gold Corp closed the previous trading session at 25.71 down -0.27 -1.04% with 2,774,469 shares trading hands. Institutional investors own 58.61% of the company's stock.

Barrick Gold Corp (NYSE:ABX) traded up 1.454% during midday trading on Thursday, reaching $19.185. The company now has a Return on Equity (ROE) of 8.70% and a Return on Investment (ROI) of 9.50%. The average true range of the stock is observed at 2.35 and the relative strength index of the stock is recorded at 17.67.

Now the shares of Barrick Gold Corporation (ABX) has a trading volume of 10.14 Million shares, with an average trading volume of 12280 shares - with shares dropping to a 52 week low of $13.79, and the company's shares hitting a 52 week high of $ 23.38.

Barrick Gold Corp (NYSE:ABX) last released its quarterly earnings results on Wednesday, February 15th. The company's last traded volume of 5.6 million shares was above it's an average volume of 3.91 million shares.

Presently, Analysts assigned consensus EPS estimate of $0.20 for present quarter and one month ago projected EPS estimate was set at $0.20, according to FactSet data. Barrick Gold Corp had a positive return on equity of 6.81% and a negative net margin of 28.22%.

First-quarter revenue rose 3.3 per cent from a year earlier to $1.99-billion, missing the $2.14-billion average estimate.

ABX has been the subject of several analyst reports.

04/18/2016 - Barrick Gold Corporation was upgraded to "buy" by analysts at Clarkson Capital.

Barrick Gold Corporation (ABX) stock price ended its day with loss -0.99% and finalized at the price of $19.04. Jefferies Group LLC set a $21.00 price target on shares of Barrick Gold Corp and gave the stock a "buy" rating in a research report on Tuesday, March 14th. The share last price represents downtick move of -36.23% in value from company's 52-Week high price and shows 15.80% above change in value from its 52-Week low price.

Let's have a look at some of the important valuation ratios of the Barrick Gold Corporation (ABX). 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.

  • Zachary Reyes