Stock Traders Buy Large Volume of Call Options on Barrick Gold (ABX)
Shares of Barrick Gold (NYSE:ABX) saw unusually large options trading activity on Friday. Traders bought 26,995 call options on the company, Stock Ratings News reports. This is an increase of approximately 179% compared to the average volume of 9,662 call options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Barrick Gold from $20.00 to $21.00 in a research note on Monday, May 5th. Separately, analysts at HSBC upgraded shares of Barrick Gold from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $18.00 price target on the stock, up previously from $17.00. Finally, analysts at Goldman Sachs upgraded shares of Barrick Gold from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 22nd. They now have a $21.00 price target on the stock. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.22.
Shares of Barrick Gold (NYSE:ABX) traded up 1.43% on Friday, hitting $16.99. 11,747,460 shares of the company’s stock traded hands. Barrick Gold has a 1-year low of $13.43 and a 1-year high of $21.45. The stock’s 50-day moving average is $16.78 and its 200-day moving average is $18.04. The company’s market cap is $19.788 billion.
Barrick Gold (NYSE:ABX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. Analysts expect that Barrick Gold will post $0.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, May 28th.
Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development.
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