Markets

Traders Focused Stock: Barrick Gold Corporation (ABX)

Traders Focused Stock: Barrick Gold Corporation (ABX)

The Higher end of the revenue forecast is $2.32 Billion, while the Lower end of the forecast is $1.96 Billion. Barrick Gold Corp had a negative net margin of 28.22% and a positive return on equity of 6.81%. Currently Barrick Gold Corporation (ABX) has beta value of -0.27. Compared to the same quarter past year, the company reported earnings per share of $0.13.

We see here that Barrick Gold Corporation (NYSE:ABX) is -1.37% away from the 20-Day Simple Moving Average. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & worldwide copyright law.

The Shareholders Foundation announces that an investor, who purchased shares of Barrick Gold Corporation (USA) (NYSE:ABX), filed a lawsuit in NY over alleged violations of Federal Securities Laws by Barrick Gold Corporation.

Macquarie Research upgraded the stock to "Neutral" rating in Wednesday, August 19 report.

Barrick Gold Corporation (NYSE:ABX) along with Hecla Mining (NYSE:HL) set of lucrative trading activity and it's been a clear from an assessment of the charts that traders are now aware of company's key metrics.

Currently Barrick Gold Corp (NYSE:ABX)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 72.1%. Looking at this figure it suggests that the shares of Barrick Gold Corporation (ABX) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Barrick Gold Corporation (ABX) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Jefferies Group LLC set a $21.00 price target on shares of Barrick Gold Corp and gave the company a "buy" rating in a research note on Tuesday, March 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. They now have a Dollars 18 price target on the stock.

The company reported an impressive total revenue of 8.56 Billion in the last fiscal year.




Taking a broader look brokerage firms' analysts on the street with an expectant view have Barrick Gold Corp (NYSE:ABX) high price target of $27.5 and with a conservative view have low price target of $15.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. Hedge funds and other institutional investors own 58.61% of the company's stock. Acrospire Investment Management LLC boosted its position in shares of Barrick Gold Corp by 43.5% in the third quarter. Acadian Asset Management LLC now owns 11,600 shares of the basic materials company's stock worth $206,000 after buying an additional 100 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Barrick Gold Corp by 40.2% in the third quarter. Nikko Asset Management Americas Inc. now owns 1,498,800 shares of the basic materials company's stock worth $26,558,000 after buying an additional 254,700 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Barrick Gold Corp during the third quarter worth approximately $3,873,000. Bennicas & Associates Inc. raised its position in Barrick Gold Corp by 4.3% in the first quarter. 1832 Asset Management L.P. now owns 7,822 shares of the basic materials company's stock valued at $139,000 after buying an additional 802 shares during the last quarter.

Large investors have recently added to or reduced their stakes in the company.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, May 26th.

Barrick Gold Corporation shares increased 3.94 percent over the past week and fell -14.78 percent over the previous month.

Many analysts have provided their estimated foresights on Barrick Gold Corporation Earnings, with 14 analysts believing the company would generate an Average Estimate of $0.18.


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