Barrick Gold Corp Target of Unusually High Options Trading (ABX)
Shares of Barrick Gold Corp (NYSE:ABX) saw unusually large options trading activity on Friday. Stock traders purchased 37,473 call options on the stock, Analyst RN reports. This is an increase of 114% compared to the average daily volume of 17,491 call options.
A number of research firms have recently commented on ABX. Analysts at Barclays cut their price target on shares of Barrick Gold Corp from $23.00 to $20.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Haywood Securities downgraded shares of Barrick Gold Corp to a “hold” rating in a research note to investors on Wednesday, January 15th. Finally, 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, January 13th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $20.72.
Shares of Barrick Gold Corp (NYSE:ABX) opened at 18.77 on Monday. Barrick Gold Corp has a 1-year low of $13.43 and a 1-year high of $34.99. The stock’s 50-day moving average is $17.12 and its 200-day moving average is $17.69. The company’s market cap is $18.792 billion.
Barrick Gold Corp (NYSE:ABX) last announced its earnings results 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. On average, analysts predict that Barrick Gold Corp will post $2.56 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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