Analysts Perspectives: Barrick Gold Corp (NYSE:ABX)

The rating has been disclosed in a research report on Thursday, 25 May.

Other research analysts have also recently issued research reports about the stock. Barrick Gold Corp. had 53 analyst reports since August 6, 2015 according to SRatingsIntel. Berenberg Bank reissued a "sell" rating and set a $15.20 target price on shares of Barrick Gold Corp in a report on Thursday, February 16th. $18.44's average target is 11.69% above currents $16.51 stock price. Finally, Clarkson Capital downgraded Barrick Gold Corp from a "buy" rating to a "neutral" rating in a report on Wednesday, February 15th. (NYSE:ABX), 11 have Buy rating, 1 Sell and 10 Hold. The company was initiated on Tuesday, August 9 by Morgan Stanley.

Recent session action on shares of Hewlett Packard Enterprise Company (NYSE:HPE) puts the stock on today's active list. About 8.67M shares traded. Barrick Gold Corp has a 12-month low of $18.52 and a 12-month high of $30.44. The firm has "Hold" rating given on Tuesday, February 23 by Johnson Rice. The firm has a 50-day moving average price of $23.82 and a 200 day moving average price of $23.21. Mackie downgraded Barrick Gold Corp (USA) (NYSE:ABX) on Monday, June 20 to "Sell" rating. It is simply the company's net income for the quarter or year divided by the average number shares outstanding during the period. The current consensus recommendation provided by covering analysts is 2.50. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.07. The company has dropped -14.74% in past 3 months and in the last five trades has moved up 0.48%.

03/16/2017 - Barrick Gold Corporation was upgraded to " by analysts at RBC Capital. Strs Ohio owns 0.03% invested in Sun Communities Inc (NYSE:SUI) for 101,062 shares. This represents a $0.12 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, May 26th.

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A number of institutional investors have recently bought and sold shares of the company.

Caxton Associates Lp, which manages about $10.75 billion and $2.21B US Long portfolio, decreased its stake in Select Sector Spdr Tr (XLE) by 850,500 shares to 70,000 shares, valued at $5.27 million in 2016Q4, according to the filing. Quadrant Capital Group LLC now owns 5,592 shares of the basic materials company's stock worth $104,000 after buying an additional 4,104 shares in the last quarter. The stock rose 1.10% or $0.18 reaching $16.47 per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. Majedie Asset Management Ltd now owns 10,811,567 shares of the basic materials company's stock valued at $191,581,000 after buying an additional 6,736,764 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Barrick Gold Corp by 911.8% in the first quarter. The shares were purchased at an average cost of C$19.01 per share, for a total transaction of C$508,517.50.

  • Zachary Reyes