Barrick Gold Corp (ABX) Earns "Neutral" Rating from Eight Capital

Lloyd Doyle
November 19, 2017

As per Thursday, August 13, the company rating was upgraded by Deutsche Bank. The institutional investor held 1.01 million shares of the precious metals company at the end of 2017Q2, valued at $16.08M, up from 812,100 at the end of the previous reported quarter. The firm has a market capitalization of $16,590.00, a price-to-earnings ratio of 18.93, a PEG ratio of 9.34 and a beta of -0.39.

About 839,336 shares traded. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since November 17, 2016 and is downtrending. It has underperformed by 24.96% the S&P500.

Cumberland Partners Ltd increased Citigroup Inc New (C) stake by 21.69% reported in 2017Q2 SEC filing. Rockland Co invested in 141,263 shares or 1.79% of the stock. Kings Point Capital Management who had been investing in Chevron Corp New Com for a number of months, seems to be bullish on the $218.09 billion market cap company. The stock declined 0.03% or $0.02 reaching $71.65 on the news. About 3.54 million shares traded. Financial Institutions, Inc. (FISI) has risen 13.69% since November 18, 2016 and is uptrending. It has underperformed by 10.02% the S&P500. Yamana Gold Inc. vs. Barrick Gold Corp." published on November 07, 2017 as well as Fool.ca's news article titled: "Why Did Barrick Gold Corp. and Teck Resources Ltd. Shares Fall More Than 7% on ..." with publication date: "October 28, 2017. SemGroup had 26 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has "Market Perform" rating by Raymond James on Thursday, June 15. Simmons & Co downgraded the stock to "Neutral" rating in Thursday, January 21 report. TheStreet lowered shares of Barrick Gold Corporation from a "b-" rating to a "c" rating in a research note on Thursday, October 26th. The stock of Chevron Corporation (NYSE:CVX) earned "Overweight" rating by Morgan Stanley on Tuesday, November 1. The company was initiated on Monday, December 7 by Wells Fargo. RBC Capital Markets has "Sector Perform" rating and $8 target. RBC Capital Markets maintained SemGroup Corp (NYSE:SEMG) rating on Sunday, October 1. The stock has "Underperform" rating by BNP Paribas on Friday, May 26. HSBC maintained it with "Buy" rating and $9.90 target in Tuesday, September 8 report. Wells Fargo downgraded it to "Hold" rating and $2900 target in Monday, July 17 report.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.10, from 1.01 in 2017Q1. It is positive, as 65 investors sold CVX shares while 653 reduced holdings. Asset Management Grp Inc holds 0.09% of its portfolio in Chevron Corporation (NYSE:CVX) for 2,336 shares.


Gotham Asset Management Llc increased Mckesson Corp (NYSE:MCK) stake by 133,550 shares to 263,216 valued at $43.31M in 2017Q2. Ghp Incorporated has 0.43% invested in Exxon Mobil Corporation (NYSE:XOM). Goodwin Daniel L holds 0.46% in SemGroup Corp (NYSE:SEMG) or 37,655 shares. Horizon Kinetics Lc has 0.05% invested in Chevron Corporation (NYSE:CVX). Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. The return on assets stands at 8.5%, Return on Equity now is 24.3% and the Return on Investment value is 9.5%. Zebra Limited Liability Corporation has invested 0.09% in SemGroup Corp (NYSE:SEMG). Laurel Grove Capital Limited Company, California-based fund reported 4,250 shares. Public Sector Pension Investment Board divested its stake by selling 9,700 shares a decrease of 0.4% as of 09/30/2017. It also upped Medtronic Plc (NYSE:MDT) stake by 216,496 shares and now owns 441,394 shares. Marathon Asset Management LLP bought a new stake in shares of Barrick Gold Corporation in the 3rd quarter worth approximately $43,138,000. BidaskClub raised Barrick Gold Corporation from a sell rating to a hold rating in a report on Monday, July 31st. Therefore 38% are positive. Finally, Jefferies Group LLC set a $20.00 price objective on Barrick Gold Corporation and gave the company a buy rating in a report on Tuesday, August 15th.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings results on Wednesday, October 25th. The firm has "Hold" rating given on Tuesday, May 3 by Canaccord Genuity. The stock has "Hold" rating by Berenberg on Thursday, June 29.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 23 have Buy rating, 1 Sell and 10 Hold. On Monday, September 25 the stock rating was maintained by RBC Capital Markets with "Buy". The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/11/19/barrick-gold-corp-abx-earns-neutral-rating-from-eight-capital.html.

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