Stock In Spotlight: Barrick Gold Corporation (NYSE:ABX)


Stock In Spotlight: Barrick Gold Corporation (NYSE:ABX)

Busey Trust Company who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $189.34B market cap company. The stock price declined -6.02% in three months and decreased -22.18% for the last six months trading period. The target implies a 6.47% spike from where the shares are now trading. It has outperformed by 27.73% the S&P500.

Twin Tree Management Lp increased its stake in Barrick Gold Corp (Put) (ABX) by 926.85% based on its latest 2017Q3 regulatory filing with the SEC. The beta factor is -0.15.Volatility shows sense of how far the stock will fall if the market takes a dive and how high stock will rise if the bull starts to climb.

Barrick Gold Corp (NYSE:ABX) (TSE:ABX) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Almost 19.85 million shares were traded by the close, higher than its average daily volume of 10.8 million shares. The stock increased 3.25% or $0.43 during the last trading session, reaching $13.65.

Shares of Barrick Gold Corporation (NYSE:ABX) have been on a recent steady downtrend, causing some worry for shareholders. It has underperformed by 6.56% the S&P500. They expect $0.21 EPS, down 4.55% or $0.01 from last year's $0.22 per share. ABX's profit would be $242.54 million giving it 15.64 P/E if the $0.21 EPS is correct. The company is estimating to achieve earnings per share (EPS) growth of 123.10% in this year and the earnings per share (EPS) growth expected to be 14.52% in the next year. Barrick is exposed to a volatile gold pricing environment and production headwinds.

When we look at the Analyst Recommendations of the stock, the company has 2.73 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 33% are positive.

Barrick Gold Corporation's Average Earnings Estimate for the current quarter is $0.2, according to consensus of 13 analysts. RBC Capital Markets maintained the stock with "Buy" rating in Monday, June 12 report. The rating was maintained by BMO Capital Markets on Wednesday, February 7 with "Hold".

For the year, the company reported net income of $445.4 million, or 35 cents per share, swinging to a profit in the period. The firm has "Buy" rating by Jefferies given on Tuesday, August 15. TD Securities has "Hold" rating and $20.0 target. As per Friday, January 8, the company rating was upgraded by Sterne Agee CRT. The stock of Barrick Gold Corporation (NYSE:ABX) earned "Buy" rating by Jefferies on Thursday, July 14.

Investors sentiment decreased to 0.86 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It dropped, as 54 investors sold HCP shares while 188 reduced holdings. 307.09 million shares or 1.38% more from 302.91 million shares in 2017Q2 were reported. Moreover, Hl Services Limited Co has 0.02% invested in HCP, Inc. (NYSE:EMR). Vanguard Gru Inc has 0.13% invested in Emerson Electric Co. (NYSE:GPI) shares were sold by Kenningham Daryl. Disciplined Growth Mn reported 4,500 shares. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since February 12, 2017 and is uptrending. Fruth Inv Mgmt holds 13,176 shares or 0.51% of its portfolio. Ibm Retirement Fund holds 0.91% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 116,938 shares. Ngam Advsrs Ltd Partnership has 98,120 shares for 0.07% of their portfolio. Icon Advisers Com invested in 46,300 shares. (NYSE:C) rating on Friday, October 16. (NYSE:EMR) for 106,231 shares. First Allied Advisory Ser holds 0.05% or 43,388 shares. Guardian Inv Mngmt, a California-based fund reported 19,500 shares.

Among 11 analysts covering F.N.B. 10 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Therefore 77% are positive. This estimate is provided by 6 analysts. The rating was upgraded by HSBC on Friday, March 3 to "Hold". The Minnesota-based Us Comml Bank De has invested 0% in City Holding Company (NASDAQ:CHCO). The firm has "Underweight" rating by Morgan Stanley given on Wednesday, April 13. The firm has "Buy" rating by Jefferies given on Thursday, October 19.

The stock has P/B of 1.60. The rating was maintained by Sandler O'Neill on Thursday, January 4 with "Hold". The firm has "Buy" rating given on Friday, November 18 by Seaport Global. UBS maintained the shares of TSLA in report on Thursday, August 3 with "Sell" rating. (NYSE:C) on Monday, September 25 with "Buy" rating. Nomura maintained it with "Buy" rating and $78 target in Monday, July 17 report.

Since September 15, 2017, it had 0 insider buys, and 5 insider sales for $31.15 million activity. On Monday, June 5 the stock rating was maintained by RBC Capital Markets with "Hold".

On, Feb 12, Shares of WisdomTree Investments, Inc. It also increased its holding in Yum! It also reduced Deluxe Corp Cmn (NYSE:DLX) stake by 191 shares and now owns 17,261 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.