Analytical Preview of Barrick Gold Corporation (ABX)
- Author: Leroy Wright May 25, 2017,
May 25, 2017, 18:01
Recent session action on shares of Barrick Gold Corporation (NYSE:ABX) puts the stock on today's active list. The firm now has a buy rating on the basic materials company's stock.
A number of equities research analysts have recently weighed in on the stock. CLSA maintained the shares of MO in report on Thursday, September 15 with "Outperform" rating. The stock has "Buy" rating by Buckingham Research on Thursday, August 25. The firm has "Buy" rating given on Friday, January 8 by Sterne Agee CRT. Deutsche Bank downgraded the shares of ABX in report on Wednesday, March 23 to "Hold" rating. Mackenzie Financial Corp sold 2.47M shares as Barrick Gold Corp (ABX)'s stock declined 17.45%.
Currently Barrick Gold Corp (NYSE:ABX)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 72.1%.
Among 5 analysts covering Centerstate Banks of Florida (NASDAQ:CSFL), 2 have Buy rating, 0 Sell and 3 Hold. On average, analysts anticipate that Barrick Gold Corp will post $0.74 EPS for the current year. The correct version of this story can be read at https://www.themarketsdaily.com/2017/05/24/barrick-gold-corp-abx-given-outperform-rating-at-royal-bank-of-canada-updated.html.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -6.86%, and has a solid year to date (YTD) performance of 2.75% which means the stock is constantly adding to its value from the previous fiscal year end price. RBC Capital Markets maintained Barrick Gold Corp (USA) (NYSE:ABX) on Friday, September 18 with "Sector Perform" rating. Canaccord Genuity increased their price target on Barrick Gold Corp from C$28.00 to C$29.00 in a research report on Friday, February 3rd.
Several analysts have released their opinion on Barrick Gold Corporation (NYSE:ABX), with 4 analysts believing it is a strong buy. The company reported the earnings of $0.14/Share in the last quarter where the estimated EPS by analysts was $0.2/share. Altria Group Inc. had 21 analyst reports since July 31, 2015 according to SRatingsIntel. According to these analysts, the Low Revenue Estimate for Barrick Gold Corporation is 1.96 Billion and the High Revenue Estimate is 2.32 Billion. Barrick Gold Corp now has $18.57 billion valuation.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, May 26th. Barrick Gold Corp's dividend payout ratio (DPR) is presently -3.90%. Van ECK Associates Corp boosted its position in Barrick Gold Corp by 5.5% in the first quarter. Johnson Controls International plc (JCI) shares have moved 1.67% in the week and -2.73% in the month. Vanguard Group Inc. now owns 26,244,966 shares of the basic materials company's stock worth $498,391,000 after buying an additional 1,052,610 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Barrick Gold Corp by 9.9% in the first quarter. About 1,765 shares traded. Locust Wood Capital Advisers LLC acquired a new stake in Barrick Gold Corp during the first quarter worth approximately $8,585,000. Finally, Chelsea Counsel Co. raised its stake in Barrick Gold Corp by 1.0% in the third quarter. About 10.06M shares traded. Platinum Investment Management Ltd who had been investing in Barrick Gold Corp for a number of months, seems to be bullish on the $18.58 billion market cap company. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development.