FY2017 EPS Estimates for Barrick Gold Corp (ABX) Decreased by Jefferies Group
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Jefferies Group reduced their FY2017 earnings estimates for shares of Barrick Gold Corp in a note issued to investors on Friday. Jefferies Group analyst C. Lafemina now forecasts that the company will earn $1.10 per share for the year, down from their prior forecast of $1.15. Jefferies Group also issued estimates for Barrick Gold Corp’s FY2018 earnings at $1.18 EPS and FY2019 earnings at $1.16 EPS.
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Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity lifted their target price on shares of Barrick Gold Corp from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, March 29th. TD Securities reissued a “hold” rating and set a C$27.00 target price on shares of Barrick Gold Corp in a research report on Tuesday, July 4th. BMO Capital Markets reissued a “market perform” rating and set a C$18.00 target price on shares of Barrick Gold Corp in a research report on Thursday, July 6th. Clarkson Capital reissued a “neutral” rating on shares of Barrick Gold Corp in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Barrick Gold Corp in a research note on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Barrick Gold Corp presently has an average rating of “Hold” and a consensus price target of C$26.00.
Barrick Gold Corp (TSE ABX) opened at 20.22 on Monday. The firm’s 50-day moving average price is $21.92 and its 200-day moving average price is $23.35. Barrick Gold Corp has a 12 month low of $18.52 and a 12 month high of $29.97. The firm has a market cap of $23.57 billion and a P/E ratio of 16.71.
Barrick Gold Corp Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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