FY2017 EPS Estimates for Barrick Gold Corp Lowered by Analyst (TSE:ABX)

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities researchers at Jefferies Group dropped their FY2017 earnings estimates for shares of Barrick Gold Corp in a note issued to investors on Friday. Jefferies Group analyst C. Lafemina now anticipates that the company will post earnings of $1.10 per share for the year, down from their prior estimate of $1.15. Jefferies Group also issued estimates for Barrick Gold Corp’s FY2018 earnings at $1.18 EPS and FY2019 earnings at $1.16 EPS.

A number of other equities analysts have also recently issued reports on ABX. BMO Capital Markets reissued a “market perform” rating and set a C$18.00 target price on shares of Barrick Gold Corp in a report on Thursday, July 6th. TD Securities reissued a “hold” rating and set a C$27.00 target price on shares of Barrick Gold Corp in a report on Tuesday, July 4th. Scotiabank reissued a “sector perform” rating and set a C$30.00 target price on shares of Barrick Gold Corp in a report on Tuesday, July 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barrick Gold Corp in a report on Friday, June 23rd. Finally, Clarkson Capital reissued a “neutral” rating on shares of Barrick Gold Corp in a report on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Barrick Gold Corp presently has a consensus rating of “Hold” and a consensus target price of C$26.00.

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Shares of Barrick Gold Corp (ABX) traded down 0.30% during mid-day trading on Monday, hitting $20.26. The stock had a trading volume of 591,877 shares. Barrick Gold Corp has a one year low of $18.52 and a one year high of $29.97. The firm has a 50 day moving average of $21.13 and a 200-day moving average of $23.42. The stock has a market cap of $23.62 billion and a P/E ratio of 16.74.

Barrick Gold Corp Company Profile

Barrick Gold Corporation (Barrick) is a gold mining company. 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. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Earnings History and Estimates for Barrick Gold Corp (TSE:ABX)

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