Barrick Gold Receives Conviction-Buy Rating from Goldman Sachs (ABX)
Barrick Gold (NYSE:ABX) opened at 18.49 on Friday. Barrick Gold has a 1-year low of $15.26 and a 1-year high of $21.45. The stock has a 50-day moving average of $18. and a 200-day moving average of $18.38. The company’s market cap is $21.535 billion.
Barrick Gold (NYSE:ABX) last released its earnings data on Wednesday, July 30th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.66 earnings per share. Barrick Gold’s revenue was down 24.0% compared to the same quarter last year. Analysts expect that Barrick Gold will post $0.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, August 27th.
A number of other analysts have also recently weighed in on ABX. Analysts at RBC Capital raised their price target on shares of Barrick Gold from $23.00 to $25.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Barrick Gold in a research note on Friday, August 1st. They now have a $21.00 price target on the stock, down previously from $22.00. Finally, analysts at HSBC downgraded shares of Barrick Gold from a “neutral” rating to an “underweight” rating in a research note on Friday, July 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Barrick Gold has an average rating of “Hold” and a consensus target price of $21.14.
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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