Desjardins Weighs in on Barrick Gold Corp’s Q4 2017 Earnings (ABX)

Barrick Gold Corp (NYSE:ABX) (TSE:ABX) – Equities research analysts at Desjardins cut their Q4 2017 EPS estimates for Barrick Gold in a note issued to investors on Tuesday. Desjardins analyst J. Wolfson now expects that the basic materials company will post earnings of $0.22 per share for the quarter, down from their prior estimate of $0.24. Desjardins has a “Hold” rating on the stock.

A number of other analysts have also issued reports on the stock. TheStreet lowered shares of Barrick Gold from a “b-” rating to a “c” rating in a research report on Thursday, October 26th. Berenberg Bank reissued a “hold” rating on shares of Barrick Gold in a research report on Tuesday, October 24th. TD Securities increased their price target on shares of Barrick Gold from $17.00 to $17.50 and gave the stock a “hold” rating in a research report on Friday, January 12th. BMO Capital Markets set a $16.00 price target on shares of Barrick Gold and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $21.00 to $18.00 in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.41.

Shares of Barrick Gold (NYSE ABX) opened at $13.22 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.73 and a debt-to-equity ratio of 0.55. The stock has a market cap of $15,464.65, a P/E ratio of 17.92, a PEG ratio of 7.12 and a beta of -0.35. Barrick Gold has a 52-week low of $12.60 and a 52-week high of $20.78.

Large investors have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. increased its holdings in Barrick Gold by 99.8% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 9,648 shares of the basic materials company’s stock worth $140,000 after buying an additional 4,820 shares during the last quarter. HRT Financial LLC acquired a new position in Barrick Gold in the fourth quarter worth approximately $146,000. Fruth Investment Management acquired a new position in Barrick Gold in the fourth quarter worth approximately $150,000. Boothbay Fund Management LLC acquired a new position in Barrick Gold in the third quarter worth approximately $187,000. Finally, Van Hulzen Asset Management LLC acquired a new position in Barrick Gold in the third quarter worth approximately $209,000. Hedge funds and other institutional investors own 54.94% of the company’s stock.

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Barrick Gold 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.

Earnings History and Estimates for Barrick Gold (NYSE:ABX)

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