Barrick Gold Corp Coverage Initiated at Goldman Sachs Group Inc. (ABX)
Analysts at Goldman Sachs Group Inc. started coverage on shares of Barrick Gold Corp (NYSE:ABX) in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. The firm set a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Barrick Gold Corp (NYSE:ABX) from $22.00 to $19.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Salman Partners downgraded shares of Barrick Gold Corp (NYSE:ABX) to a “hold” rating in a research note to investors on Thursday, August 22nd. Finally, analysts at TD Securities upgraded shares of Barrick Gold Corp (NYSE:ABX) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 21st. They now have a $25.00 price target on the stock, up previously from $19.00.
Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.63.
Barrick Gold Corp (NYSE:ABX) opened at 19.44 on Friday. Barrick Gold Corp has a one year low of $13.43 and a one year high of $43.19. The stock’s 50-day moving average is $18.57 and its 200-day moving average is $20.33. The company’s market cap is $19.462 billion. Barrick Gold Corp also was the target of some unusual options trading on Thursday. Traders purchased 56,596 call options on the company. This represents an increase of 210% compared to the average daily volume of 18,255 call options.
Barrick Gold Corp (NYSE:ABX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.12. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that Barrick Gold Corp will post $2.61 EPS for the current fiscal year.
Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.