Barrick Gold Corp Sees Unusually High Options Volume (ABX)
Shares of Barrick Gold Corp (NYSE:ABX) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 37,920 call options on the company, AmericanBankingNews.com reports. This represents an increase of approximately 109% compared to the average volume of 18,143 call options.
ABX has been the subject of a number of recent research reports. Analysts at Cormark downgraded shares of Barrick Gold Corp from a “market perform” rating to a “reduce” rating in a research note to investors on Friday. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.83.
Barrick Gold Corp (NYSE:ABX) traded up 2.48% on Friday, hitting $18.18. 15,436,168 shares of the company’s stock traded hands. Barrick Gold Corp has a 52-week low of $13.43 and a 52-week high of $35.06. The stock has a 50-day moving average of $16.82 and a 200-day moving average of $17.58. The company’s market cap is $18.201 billion.
Barrick Gold Corp (NYSE:ABX) last issued its quarterly earnings data 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. On average, analysts predict that Barrick Gold Corp will post $2.57 earnings per share 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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