Barrick Gold Corp Downgraded by Cormark to Reduce (ABX)
Barrick Gold Corp (NYSE:ABX) was downgraded by equities research analysts at Cormark to a “reduce” rating in a research note issued to investors on Friday, Analyst RN reports.
Barrick Gold Corp (NYSE:ABX) opened at 17.74 on Friday. Barrick Gold Corp has a 52 week low of $13.43 and a 52 week high of $35.06. The stock’s 50-day moving average is $16.82 and its 200-day moving average is $17.58. The company’s market cap is $17.760 billion.
Barrick Gold Corp (NYSE:ABX) last announced its earnings results on Thursday, October 31st. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.09. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. Analysts expect that Barrick Gold Corp will post $2.57 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Barrick Gold Corp in a research note to investors on Thursday, December 19th. They now have a $18.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Barrick Gold Corp in a research note to investors on Tuesday, November 26th. They now have a $20.80 price target on the stock, up previously from $18.00. Finally, analysts at TD Securities downgraded shares of Barrick Gold Corp from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 15th. They now have a $21.00 price target on the stock, down previously from $25.00. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.83.
Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities.
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