African Barrick Gold Ltd (ABGLF) Downgraded to Sell at Zacks Investment Research

13 Août, 2017, 19:32 | Author: Marc Bacque

Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since August 10, 2016 and is downtrending. The firm owned 10,547,981 shares of the basic materials company's stock after selling 395,145 shares during the period. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. Capstone Asset Management Co. raised its position in Barrick Gold Corporation by 2.0% in the first quarter.

Among 22 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 11 Hold. The stock has a 50 day moving average price of $21.92 and a 200 day moving average price of $23.35. Barrick Gold Corp. has $29 highest and $7.50 lowest target. The Flossbach Von Storch Ag holds 12.36M shares with $197.58M value, up from 100,000 last quarter. It dived, as 89 investors sold PG shares while 777 reduced holdings. MML Investors Services LLC increased its stake in Barrick Gold Corporation by 11.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 32,133 shares of the basic materials company's stock worth $609,000 after buying an additional 5,030 shares during the period. The company has market cap of $508.80 million.

Currently, EPS of Barrick Gold Corporation (ABX) is 0.22 while the analysts predicted the EPS of the stock to be 0.19 suggesting the company fell short of the analysts' expectations.

Institutional investors now hold around $11.48 billion or 72.1% in ABX stock. This represents an increase of approximately 106% compared to the average volume of 9,246 call options.

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As of the end of the quarter Levin Capital Strategies, L.p. had bought 7,180 shares growing its holdings by 0.9%. The SI to Barrick Gold Corporation's float is 1.17%. Equities analysts expect that Barrick Gold Corporation will post $0.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.56%. Be in Your Portfolio?" with publication date: "August 01, 2017. Barrick Gold Corporation's dividend payout ratio is presently 5.94%. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and global copyright legislation. The correct version of this article can be viewed at https://rinconhillneighbors.org/2017/08/12/barrick-gold-corporation-nyseabx-stake-lowered-by-boston-partners.html.

A number of other institutional investors have also recently made changes to their positions in ABX. BMO Capital Markets reaffirmed a "market perform" rating and set a C$18.00 price target on shares of Barrick Gold Corp in a research report on Thursday, July 6th.

Among 23 analysts covering Barrick Gold Corp. Barclays PLC reaffirmed an "equal weight" rating and issued a $20.00 price objective (down previously from $22.00) on shares of Barrick Gold Corporation in a research note on Thursday, June 1st. Lastly, Jefferies fixed a $24.00 target price on stock of Barrick Gold Corporation and issued the company a "buy" recommendation in a study on Fri, May 19th. around ten brokerage firms recommended the company shares with a hold recommendation and nine have issued a buy recommendation to the share. the share now has a average recommendation of "Hold" and an consensus price target of $21.84. Finally, Berenberg Bank set a $15.00 target price on Barrick Gold Corporation and gave the stock a "sell" rating in a report on Saturday, May 27th. TD Securities maintained the shares of ABX in report on Friday, June 23 with "Hold" rating. The stock now has a consensus rating of "Hold" and a consensus price target of $20.59. Be in Your Portfolio?" on July 17, 2017, also Fortune.com with their article: "Gold Prices Are Spiking Because People Are Freaked Out About Nuclear War" published on August 09, 2017, Fool.ca published: "Better Buy: "Barrick Gold Corp. vs. Goldcorp Inc." on August 09, 2017. 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 companys principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero.

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