Analysts Showing Optimistic Trends For Barrick Gold Corporation (ABX)

Lloyd Doyle
March 13, 2018

The company had a trading volume of 9,709,236 shares, compared to its average volume of 14,750,000.

On 2/14/2018 Barrick Gold announced a quarterly dividend of $0.03 0.879120879120879% with an ex dividend date of 2/27/2018 which will be payable on 3/15/2018. TD Asset Management Inc. now owns 10,973,196 shares of the basic materials company's stock valued at $176,181,000 after acquiring an additional 283,770 shares in the last quarter. About 123,154 shares traded. It is down 81.05% since March 12, 2017 and is uptrending. It has underperformed by 7.25% the S&P500. Barrick Gold has a 52 week low of $11.07 and a 52 week high of $20.36. The stock of SunCoke Energy, Inc. The institutional investor held 750,000 shares of the precious metals company at the end of 2017Q3, valued at $12.07 million, down from 1.05M at the end of the previous reported quarter. Wcm Investment Management who had been investing in Chase Corp for a number of months, seems to be less bullish one the $1.08B market cap company. Stock value has moved between $11.05 - 20.38 in last one year. ABX shares jumped 0.59% in morning trading on Monday.

More notable recent Barrick Gold Corporation (NYSE:ABX) news were published by: Investorplace.com which released: "Trade of the Day: Barrick Gold Corp (USA) (ABX)" on September 08, 2017, also Fool.ca with their article: "Could Barrick Gold Corp". It has underperformed by 24.96% the S&P500. Its down 0.07, from 0.95 in 2017Q2. 72 funds opened positions while 246 raised stakes. This nets out to an increase of 6.47 million shares and is a bullish sign for ABX. Ariel Invs Ltd Liability Company holds 0.07% in Orion Energy Systems, Inc (NASDAQ:OESX) or 5.03M shares. (NYSE:AYI). State Of Alaska Department Of Revenue has 0.03% invested in Acuity Brands, Inc. (NYSE:AYI). Boston Private Wealth Limited Liability accumulated 7,597 shares. Amp Cap Invsts reported 13,310 shares. Invesco Limited stated it has 0.04% of its portfolio in Acuity Brands, Inc. The California-based Franklin Resources Inc has invested 0.01% in Acuity Brands, Inc. Pictet Asset Mgmt Ltd reported 113,808 shares. Whittier Of Nevada reported 30,806 shares. Royal Bancorp Of Canada holds 1,339 shares or 0% of its portfolio. Kbc Grp Incorporated Nv has 200,060 shares. Stephens Inc. AR now owns 34,715 shares of the basic materials company's stock worth $502,000 after purchasing an additional 4,038 shares during the last quarter. Qs Lc owns 0% invested in ACADIA Pharmaceuticals Inc.

Since October 4, 2017, it had 1 buying transaction, and 4 selling transactions for $5.47 million activity. 1,413 McKesson Corporation (NYSE:MCK) shares with value of $211,071 were sold by Lampert Erin M. Acuity Brands Inc. had 59 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was downgraded by JP Morgan on Thursday, January 5 to "Neutral". (NYSE:SXC) earned "Sell" rating by TheStreet on Friday, October 16. Jefferies maintained the stock with "Buy" rating in Tuesday, August 15 report. Finally, Credit Suisse Group reiterated a "hold" rating and set a $19.00 price target on shares of Barrick Gold in a research note on Thursday, January 18th. The firm earned "Market Perform" rating on Tuesday, October 3 by JMP Securities. TH Capital has "Buy" rating and $2.0 target. Robert W. Baird has "Buy" rating and $200.0 target.

2/23/2018-CIBC was Downgraded by analysts at CIBC from a "Outperform " rating to a " Neutral" rating. It also upped Domino's Pizza Inc (NYSE:DPZ) stake by 37,556 shares and now owns 122,355 shares.


Analysts await McKesson Corporation (NYSE:MCK) to report earnings on May, 17. The company's revenue was down 3.9% on a year-over-year basis. MCK's profit will be $736.64M for 10.91 P/E if the $3.57 EPS becomes a reality. The basic materials company reported $0.22 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.02. During the same period last year, the firm posted $0.22 earnings per share. equities research analysts anticipate that Barrick Gold will post 0.87 EPS for the current year. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. Therefore 60% are positive.

News stories about Barrick Gold (NYSE:ABX) (TSE:ABX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The rating was upgraded by Sterne Agee CRT on Friday, January 8 to "Buy". The firm earned "Hold" rating on Wednesday, March 23 by Deutsche Bank. Desjardins restated a hold rating on shares of Barrick Gold in a research note on Monday, December 11th. The stock of Barrick Gold Corporation (NYSE:ABX) has "Hold" rating given on Monday, December 18 by BMO Capital Markets. Hl Financial Ser Ltd Limited Liability Company stated it has 2,056 shares. BMO Capital Markets maintained Barrick Gold Corporation (NYSE:ABX) rating on Sunday, October 1. RBC Capital Markets maintained the stock with "Buy" rating in Monday, August 21 report. IBC upgraded the shares of ABX in report on Monday, June 27 to "Outperform" rating. Jefferies maintained Barrick Gold Corporation (NYSE:ABX) rating on Thursday, February 15. FBR Capital initiated it with "Outperform" rating and $18 target in Friday, September 18 report.

A number of other hedge funds also recently modified their holdings of the stock. The basic materials company reported $0.22 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.02.

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