Haywood Securities Downgrades Barrick Gold Corp to Hold (ABX)
Barrick Gold Corp (NYSE:ABX) was downgraded by research analysts at Haywood Securities to a “hold” rating in a report released on Wednesday, American Banking News reports.
Shares of Barrick Gold Corp (NYSE:ABX) traded up 1.35% during mid-day trading on Wednesday, hitting $18.04. The stock had a trading volume of 8,537,638 shares. Barrick Gold Corp has a 52 week low of $13.43 and a 52 week high of $34.99. The stock’s 50-day moving average is $16.96 and its 200-day moving average is $17.6. The company’s market cap is $18.061 billion.
Barrick Gold Corp (NYSE:ABX) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts expect that Barrick Gold Corp will post $2.56 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ABX. Analysts at Canaccord Genuity downgraded shares of Barrick Gold Corp from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, 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, January 10th. Finally, 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. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.89.
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.