FY2017 Earnings Estimate for Barrick Gold Corporation Issued By Jefferies Group (ABX)

Lloyd Doyle
November 15, 2017

Barrick Gold Corporation (ABX) closed -18.69% below its 200-day moving average and is -13.4% below another chart threshold, its 50-day moving average.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -18.69%, and has a solid year to date (YTD) performance of -12.7% which means that the stock is constantly adding to its value from the previous fiscal year end price.

A number of other brokerages also recently weighed in on ABX.

Investors are feeling more bearish on Barrick Gold Corp recently looking at the change in short interest.

Alliancebernstein L.P. increased its ownership in Barrick Gold Corp shares by 1,014,240 shares as reported in a filing on 11/14/2017. Finally, Credit Suisse Group AG downgraded Barrick Gold Corporation from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $22.00 to $19.00 in a report on Thursday, October 26th. Flossbach Von Storch AG increased its position in Barrick Gold Corporation by 104.8% during the 2nd quarter.

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Barrick Gold Corporation has a consensus rating of "Hold" and a consensus price target of $19.13.


As regular trading ended, Barrick Gold Corporation (ABX) stock brought in a -$0.03 drop to $13.95. The stock exchanged hands with 2,313,148 numbers of shares compared to its average daily volume of 9.14M shares.

Barrick Gold Corporation (NYSE:ABX) touched its 1-Year High price of $20.78 on 02/17/17 and its 1-Year Low price of $13.80 on 11/03/17. The stock is trading for about -16.86% less than its 52-week high. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.56 and a current ratio of 2.73.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings data on Wednesday, October 25th. After $0.03 actual earnings per share reported by Energy Recovery, Inc. for the previous quarter, Wall Street now forecasts 966.67% EPS growth. Stock Plunges 7%: "Here's What You Should Do" published on October 27, 2017 as well as Fool.ca's news article titled: "Barrick Gold Corp.: "New Uncertainty Heading Into Earnings" with publication date: "October 24, 2017. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $2.02 billion. During the same period in the prior year, the business earned $0.11 EPS. A month ago, analyst EPS consensus estimated earnings of US$0.2 per share. Barrick Gold Corp. had 40 analyst reports since July 24, 2015 according to SRatingsIntel. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark legislation.

Notable Stocks Intraday Alert: Barrick Gold Corporation, (NYSE: ABX), Alcoa Corporation, (NYSE: AA), Essent Group ... Investors of record on Thursday, November 30th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.12 annualized dividend and a yield of 0.86%. Barrick Gold Corp.'s payout ratio is -3.90%. Advisors Asset Management Inc. lifted its holdings in shares of Barrick Gold Corporation by 116.4% during the second quarter. AMP Capital Investors Ltd now owns 613,039 shares of the company's stock valued at $8,444,000 after buying an additional 286,682 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Barrick Gold Corporation during the second quarter valued at $159,000. Majedie Asset Management Ltd increased its position in shares of Barrick Gold Corporation by 7.8% in the second quarter. Neuberger Berman Group LLC bought a new position in shares of Barrick Gold Corporation during the second quarter valued at $161,000. APG Asset Management N.V. increased its position in shares of Barrick Gold Corporation by 13.8% in the second quarter.

O Shaughnessy Asset Management LLC acquired a new stake in Barrick Gold Corp.

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