Barrick Gold Corporation (ABX) Given “Hold” Rating at Barclays PLC

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX)‘s stock had its “hold” rating reissued by equities researchers at Barclays PLC in a report released on Wednesday. They presently have a $20.00 price target on the stock. Barclays PLC’s target price indicates a potential upside of 19.05% from the stock’s current price.

ABX has been the topic of a number of other research reports. Zacks Investment Research raised Barrick Gold Corporation from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Tuesday, October 4th. Deutsche Bank AG raised Barrick Gold Corporation from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, October 3rd. Citigroup Inc. reaffirmed a “buy” rating on shares of Barrick Gold Corporation in a report on Monday, October 17th. RBC Capital Markets reaffirmed a “hold” rating and issued a $19.00 target price on shares of Barrick Gold Corporation in a report on Tuesday, January 3rd. Finally, Mackie raised Barrick Gold Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.42.

Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

Barrick Gold Corporation (NYSE:ABX) traded down 0.71% during midday trading on Wednesday, reaching $16.68. The company had a trading volume of 22,807,920 shares. Barrick Gold Corporation has a 12-month low of $7.39 and a 12-month high of $23.47. The company’s market capitalization is $19.44 billion. The stock has a 50-day moving average price of $15.41 and a 200 day moving average price of $17.96.

Barrick Gold Corporation (NYSE:ABX) last issued its earnings results on Wednesday, October 26th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. Barrick Gold Corporation had a positive return on equity of 6.81% and a negative net margin of 28.22%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. Equities analysts forecast that Barrick Gold Corporation will post $0.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, November 28th. Barrick Gold Corporation’s dividend payout ratio (DPR) is presently -3.90%.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI raised its position in Barrick Gold Corporation by 34.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 8,197,244 shares of the company’s stock valued at $175,011,000 after buying an additional 2,088,846 shares during the period. Arlington Capital Management Inc. raised its position in Barrick Gold Corporation by 4.6% in the second quarter. Arlington Capital Management Inc. now owns 759,106 shares of the company’s stock valued at $16,207,000 after buying an additional 33,608 shares during the period. Nikko Asset Management Americas Inc. raised its position in Barrick Gold Corporation by 20.5% in the third quarter. Nikko Asset Management Americas Inc. now owns 1,498,800 shares of the company’s stock valued at $26,558,000 after buying an additional 254,700 shares during the period. Foundation Resource Management Inc. raised its position in Barrick Gold Corporation by 0.4% in the third quarter. Foundation Resource Management Inc. now owns 523,236 shares of the company’s stock valued at $9,272,000 after buying an additional 1,910 shares during the period. Finally, BlackRock Japan Co. Ltd raised its position in Barrick Gold Corporation by 27.1% in the third quarter. BlackRock Japan Co. Ltd now owns 1,110,220 shares of the company’s stock valued at $19,673,000 after buying an additional 236,727 shares during the period. 58.22% of the stock is owned by hedge funds and other institutional investors.

Barrick Gold Corporation Company Profile

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

5 Day Chart for NYSE:ABX

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