Factors to Note Before Buying Barrick Gold Corporation (ABX)

Ivan Schwartz
August 19, 2017

Barrick Gold Corporation is a gold mining company. The firm has "Sector Perform" rating by RBC Capital Markets given on Friday, January 22. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. Current price places the company's stock -1.05% away from its 200-day simple moving average, 4.03%, away from the 50-day average and also 1.9% away from 20-day average. BB&T Corp now owns 15,265 shares of the basic materials company's stock valued at $243,000 after buying an additional 468 shares during the period. Barrick Gold Corporation (NYSE:ABX) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The analyst recommendations from a month ago are 11 Buy, 0 Overweight, 1 Sell, 16 Hold and 0 Underweight.

WARNING: "Brokerages Anticipate Barrick Gold Corporation (ABX) Will Post Earnings of $0.20 Per Share" was originally reported by StockNewsTimes and is the property of of StockNewsTimes. African Barrick Gold has a 12 month low of $2.01 and a 12 month high of $6.80. The stock declined 0.47% or $0.08 reaching $16.82 per share. FNY Managed Accounts LLC acquired a new position in Barrick Gold Corporation during the first quarter worth $116,000. During the same quarter in the previous year, the company posted $0.14 EPS. It is negative, as 126 investors sold AMZN shares while 478 reduced holdings. Kellner Capital Llc bought 3,900 shares as the company's stock rose 0.62% with the market. The stock closed the last trade at $16.85, exchanging hands with 7038854 shares contrast to its average daily volume of 11.37M shares. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Contrarius Investment Management Ltd owns 7.52 million shares or 7.49% of their U.S. portfolio. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.03 billion. The company was maintained on Friday, September 16 by RBC Capital Markets. Hedge funds and other institutional investors own 57.69% of the company's stock.

Among 23 analysts covering Barrick Gold Corp.

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Since the beginning of the calendar year, the stock is 5.44%.

On average, analysts expect that Barrick Gold Corporation will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.95. About 1.61 million shares traded. Shareholders of record on Thursday, August 31st will be paid a $0.03 dividend. If you are reading this story on another website, it was stolen and republished in violation of United States and worldwide trademark and copyright laws.

Sell-side analyst recommendations point to a short term price target of $4.58 on the shares of Diana Shipping Inc. This represents a $0.12 annualized dividend and a yield of 0.71%. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/wetherby-asset-management-inc-cuts-stake-in-barrick-gold-corporation-abx/1511335.html. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since August 18, 2016 and is downtrending. Be in Your Portfolio?" published on August 01, 2017 as well as Seekingalpha.com's news article titled: "Barrick: "Back On Track" with publication date: "July 28, 2017. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. Zacks Investment Research lowered shares of Barrick Gold Corporation from a "hold" rating to a "sell" rating in a research note on Tuesday, July 11th. The Company's segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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