Finance

Berenberg Upgrades Rating On Barrick Gold Corporation (ABX) To "Hold"

Berenberg Upgrades Rating On Barrick Gold Corporation (ABX) To

The institutional investor owned 128,640 shares of the basic materials company's stock at the end of the first quarter. Come Out Unscathed From Tanzania Negotiations?" on June 29, 2017, also Fool.ca with their article: "Barrick Gold Corp.: "Is a New Rally Underway?" published on June 26, 2017, Fool.ca published: "Bullion Investors: "Is it Time to Buy Barrick Gold Corp.?" on June 05, 2017. Benjamin F. Edwards & Company Inc. increased its position in Barrick Gold Corporation by 9.9% in the first quarter. Bennicas & Associates Inc. now owns 24,450 shares of the basic materials company's stock worth $464,000 after buying an additional 1,000 shares during the period. Trexquant Investment LP purchased a new stake in Barrick Gold Corporation during the fourth quarter valued at $217,000. FMR LLC now owns 18,633,462 shares of the basic materials company's stock valued at $353,936,000 after buying an additional 2,241,822 shares in the last quarter. The rating was maintained by BMO Capital Markets with "Buy" on Monday, April 3. Oakbrook Invests Lc owns 5,699 shares. Barrick Gold Corp (TSE:ABX) has 0.00% since June 30, 2016 and is. About 10.33M shares traded.

Barrick Gold Corporation (ABX) has been given an average price target of $21.02 from analysts, according to data collected by Finviz.

It is trading at $16.13 slightly below the 50 day moving average of $16.40 and just a bit lower than the 200 day moving average of $17.50. The firm has a market cap of $18.55 billion, a PE ratio of 13.15 and a beta of -0.27. Barrick Gold Corporation also was the target of some unusual options trading on Wednesday. Its last month's stock price volatility remained 2.28% which for the week stands at 2.05%.

06/01/2017 - Barrick Gold Corporation had its " rating reiterated by analysts at Barclays. This is assuming the current $0.24 EPS is accurate. Barrick Gold Corporation had a net margin of 16.44% and a return on equity of 8.34%. The Higher end of the revenue forecast is $2.32 Billion, while the Lower end of the forecast is $1.96 Billion. Barrick Gold Corporation's revenue for the quarter was up 3.3% compared to the same quarter previous year. On average, equities analysts expect that Barrick Gold Corporation will post $0.73 earnings per share for the current year. The firm has "Sector Perform" rating given on Friday, September 18 by RBC Capital Markets. Investors of record on Wednesday, May 31st were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, May 26th. The Next Financial Group Inc holds 8,200 shares with $131,000 value, down from 39,300 last quarter. Barrick Gold Corporation's dividend payout ratio is presently 9.92%.

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Relative strength index (RSI-14) for Barrick Gold Corporation (ABX) is at 44.74.

A number of analysts have recently weighed in on ABX shares.

The Target Price for Barrick Gold Corp (NYSE:ABX) is $21.02/share according to the consensus analysis of analysts working on the stock. Harvest Capital Strategies Llc acquired 100,000 shares as Barrick Gold Corp (ABX)'s stock declined 17.45%. Jefferies Group LLC restated a buy rating and issued a $24.00 price target on shares of Barrick Gold Corporation in a research note on Wednesday, June 21st. Royal Bank Of Canada raised Barrick Gold Corporation from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $19.00 to $23.00 in a report on Thursday, March 16th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Out of 4 Wall Street analysts rating HEICO, 2 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold".

10/05/2016 - Barrick Gold Corporation had its " rating reiterated by analysts at Goldman Sachs. The Company's principal business activity is the acquisition and exploration of exploration and evaluation assets. The Company's divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.