Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Analysts at Cormark decreased their Q3 2017 earnings estimates for Barrick Gold Corp in a research note issued to investors on Monday. Cormark analyst R. Gray now forecasts that the company will earn $0.21 per share for the quarter, down from their previous estimate of $0.30.
A number of other brokerages have also issued reports on ABX. Canaccord Genuity decreased their target price on shares of Barrick Gold Corp from C$30.00 to C$27.50 in a research note on Friday, September 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barrick Gold Corp in a research note on Friday, June 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$18.00 price objective on shares of Barrick Gold Corp in a research note on Friday. Scotiabank reaffirmed a “sector perform” rating and issued a C$30.00 price objective on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Finally, TD Securities reaffirmed a “hold” rating and issued a C$27.00 price objective on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Barrick Gold Corp currently has a consensus rating of “Hold” and an average target price of C$25.50.
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Shares of Barrick Gold Corp (ABX) opened at 20.35 on Tuesday. The company has a 50-day moving average price of $21.03 and a 200 day moving average price of $21.93. Barrick Gold Corp has a one year low of $18.52 and a one year high of $27.19. The firm has a market capitalization of $23.73 billion and a P/E ratio of 10.07.
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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