Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities researchers at Desjardins lowered their FY2017 earnings estimates for Barrick Gold in a report issued on Tuesday. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of $0.93 for the year, down from their prior forecast of $0.95. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Barrick Gold’s Q4 2017 earnings at $0.28 EPS.
Several other analysts have also weighed in on the stock. TD Securities lowered their price objective on shares of Barrick Gold to C$22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. Canaccord Genuity boosted their price target on shares of Barrick Gold from C$24.50 to C$27.00 in a research note on Friday, January 19th. Eight Capital restated a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. CSFB decreased their price target on shares of Barrick Gold to C$24.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Finally, Royal Bank of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$22.67.
In other Barrick Gold news, Director Kelvin Paul Michael Dushnisky purchased 56,733 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average price of C$17.97 per share, for a total transaction of C$1,019,492.01. Also, Director Graham G. Clow bought 5,000 shares of Barrick Gold stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average price of C$14.44 per share, with a total value of C$72,200.00. Insiders have acquired a total of 91,535 shares of company stock valued at $1,617,559 in the last 90 days.
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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.
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