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Main » Barrick Gold Corp's (ABX) "Outperform" Rating Reaffirmed at BMO Capital Markets

Barrick Gold Corp's (ABX) "Outperform" Rating Reaffirmed at BMO Capital Markets

28 May 2017

Recently, In an analyst report revealed to clients and investors on Friday, 26 May, Barrick Gold (NYSE:ABX) shares have had their Sell Rating maintained by expert analysts at Berenberg Bank, who now has a $15.2000 target price on company. Company's distance from 20 day simple moving average is -1.63% and distance from 50-Day simple moving average is -10.12%.

The company's Market capitalization is $19.36B with the total Outstanding Shares of $1.17B. Fool.ca's article titled: "Barrick Gold Corp.: Buy Today?" and published on May 18, 2017 is yet another important article.

Barrick Gold Corp (NYSE:ABX) last issued its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by $0.07.

Berenberg analyst Yuriy Vlasov commented, "We expect Barrick to divest its stake in Acacia for three main reasons: 1) Acacia is a separately listed stock and has no operational synergies with the rest of Barrick's assets; 2) Barrick has no operational control over Acacia; and 3) Acacia operates in Africa (Tanzania), which does not fit Barrick's operational profile". Barrick Gold Corp's quarterly revenue was up 3.3% on a year-over-year basis. During the same period past year, the firm earned $0.11 EPS.

Barrick Gold Corporation (NYSE:ABX) yearly performance is -5.73% and net profit margin is 16.40%. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.73%. Barrick Gold Corp's dividend payout ratio is now -3.90%. Covington Capital Management raised its stake in Barrick Gold Corp by 0.9% in the third quarter. Brave Asset Management Inc now owns 10,895 shares of the basic materials company's stock worth $193,000 after buying an additional 45 shares during the last quarter. Airain ltd now owns 1,019,286 shares of the basic materials company's stock worth $18,062,000 after buying an additional 988,063 shares in the last quarter. FMR LLC increased its stake in Barrick Gold Corp by 13.7% in the first quarter. As per Tuesday, August 2, the company rating was initiated by Citigroup. Finally, Gemmer Asset Management LLC acquired a new stake in shares of Barrick Gold Corp during the first quarter valued at $155,000. Also, Director John Lawson Thornton purchased 26,750 shares of the company's stock in a transaction dated Thursday, March 16th. Clarkson Capital initiated the shares of ABX in report on Tuesday, February 16 with "Neutral" rating. The stock has "Buy" rating by Deutsche Bank on Thursday, August 13. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned "Neutral" rating by Macquarie Research on Wednesday, August 19. Finally, TD Securities reiterated a hold rating and issued a C$18.00 price objective on shares of Barrick Gold Corp in a research note on Thursday, January 26th.

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Out of the 15 analysts polled by TipRanks in the past 12 months, 7 rate Barrick Gold stock a Buy, 7 rate the stock a Hold and 1 recommends to Sell.

Barrick Gold Corporation had its " rating reiterated by analysts at Jefferies.

More recent Barrick Gold Corp (USA) (NYSE:ABX) news were published by: Fool.ca which released: "Has Barrick Gold Corp". If you are reading this news story on another site, it was copied illegally and reposted in violation of US & global copyright and trademark laws.

Barrick's current 2017 guidance assumes a contribution of 545,000-575,000 ounces of gold (63.9% basis) from Acacia, at a cost of sales of $860-$910 per ounce, and all-in sustaining costs of $880-$920 per ounce. 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 divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Barrick Gold Corp's (ABX)