Traders Buy Barrick Gold Corp (ABX) on Weakness on Disappointing Earnings

RBC Capital "Upgrades" Barrick Gold Corp (NYSE:ABX) in a research note issued to investors on 3/16/17 to Outperform with price target of $0.

Barrick holds a 63.9% equity interest in Acacia, a publicly traded company listed on the London Stock Exchange that is operated independently of Barrick.

A number of equities research analysts recently commented on ABX shares. CSFB lifted their price objective on Barrick Gold Corp from C$23.00 to C$25.00 in a report on Thursday, February 16th.

Reiterating their buy rating and 500p target price for the stock, analysts at Numis "continue to assume that both the government and Acacia are rational actors and that ultimately what the government wants is for Acacia to resume exports", a calculation partly based on Tanzania's needs to attract long term foreign investment for its oil and gas sector. Barrick Gold Corp now has an average rating of "Hold" and a consensus price target of $22.97.

Among 3 analysts covering Sun Communities (NYSE:SUI), 2 have Buy rating, 0 Sell and 1 Hold. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has "Buy" rating given on Wednesday, October 5 by Goldman Sachs.

The company's Market capitalization is $3.07B with the total Outstanding Shares of $771.53M. The stock's price moved down its 200-day moving average of $8.58.

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. The EPS of company is strolling at -0.10. The basic materials company reported $0.14 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.07. The company has dropped -14.74% in past 3 months and in the last five trades has moved up 0.48%. The rating was maintained by Jefferies with "Buy" on Friday, April 7. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%.

03/06/2017 - Barrick Gold Corporation had its " rating reiterated by analysts at Barclays.

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08/09/2016 - Morgan Stanley began new coverage on Barrick Gold Corporation giving the company a " rating.

A number of institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in Barrick Gold Corp by 275.8% in the first quarter. (NYSE:KEG) earned "Market Perform" rating by Cowen & Co on Tuesday, August 4.

Receive Barrick Gold Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold Corporation with's FREE daily email newsletter. Its book value per share for the most recent quarter is $7.36 while its price to book ratio for the same period is 2.21, as for as the company's cash per share for the most recent quarter is $1.95, however its price to cash per share ratio for the same period is 8.34.


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