Barrick Gold Corp Sees Unusually High Options Volume (ABX)
Barrick Gold Corp (NYSE:ABX) was the recipient of unusually large options trading on Friday. Investors acquired 29,129 put options on the company, StockRatingsNetwork.com reports. This is an increase of approximately 142% compared to the average volume of 12,029 put options.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Barrick Gold Corp (NYSE:ABX) in a research note to investors on Friday. They set a “neutral” rating and a $19.00 price target on the stock. Separately, 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. Finally, 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.
Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.31.
Barrick Gold Corp (NYSE:ABX) traded up 1.18% during mid-day trading on Monday, hitting $18.83. 2,628,870 shares of the company’s stock traded hands. Barrick Gold Corp has a 1-year low of $13.43 and a 1-year high of $42.54. The stock’s 50-day moving average is $18.6 and its 200-day moving average is $20.26. The company’s market cap is $18.852 billion.
Barrick Gold Corp (NYSE:ABX) last released its earnings data on Thursday, August 1st. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue 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.
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