Stock Traders Purchase Large Volume of Barrick Gold Call Options (ABX)
Shares of Barrick Gold (NYSE:ABX) saw some unusual options trading on Monday. Stock investors acquired 38,365 call options on the stock, Stock Ratings Network reports. This represents an increase of 162% compared to the typical volume of 14,633 call options.
ABX has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Barrick Gold in a research note on Friday. They now have a $21.00 price target on the stock, down previously from $22.00. Separately, analysts at HSBC downgraded shares of Barrick Gold from a “neutral” rating to an “underweight” rating in a research note on Friday, July 25th. Finally, analysts at Credit Suisse raised their price target on shares of Barrick Gold from $21.00 to $22.00 in a research note on Thursday, July 17th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.81.
Barrick Gold (NYSE:ABX) traded down 0.88% on Monday, hitting $18.05. 6,918,475 shares of the company’s stock traded hands. Barrick Gold has a one year low of $15.26 and a one year high of $21.45. The stock has a 50-day moving average of $18.31 and a 200-day moving average of $18.38. The company’s market cap is $21.028 billion.
Barrick Gold (NYSE:ABX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.14. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $133.95 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was down 24.0% on a year-over-year basis. On average, analysts predict that Barrick Gold will post $0.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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