The stock of Barrick Gold Corporation (USA) (NYSE:ABX) is a huge mover today! About 25.91 million shares traded hands or 55.99% up from the average. Barrick Gold Corporation (USA) (NYSE:ABX) has risen 31.05% since March 1, 2016 and is uptrending. It has outperformed by 21.80% the S&P500.
The move comes after 5 months negative chart setup for the $17.90B company. It was reported on Oct, 4 by Barchart.com. We have $14.42 PT which if reached, will make NYSE:ABX worth $1.43 billion less.
Analysts await Barrick Gold Corporation (USA) (NYSE:ABX) to report earnings on October, 26. They expect $0.21 EPS, up 90.91% or $0.10 from last year’s $0.11 per share. ABX’s profit will be $239.89M for 18.65 P/E if the $0.21 EPS becomes a reality. After $0.14 actual EPS reported by Barrick Gold Corporation (USA) for the previous quarter, Wall Street now forecasts 50.00% EPS growth.
Barrick Gold Corporation (USA) (NYSE:ABX) Ratings Coverage
Out of 22 analysts covering Barrick Gold Corp. (NYSE:ABX), 11 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 50% are positive. Barrick Gold Corp. has been the topic of 44 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, July 14 by Jefferies. The rating was downgraded by Mackie on Friday, February 19 to “Hold”. The firm earned “Neutral” rating on Wednesday, August 19 by Macquarie Research. HSBC maintained it with “Buy” rating and $9.90 target price in Tuesday, September 8 report. Clarkson Capital initiated the stock with “Neutral” rating in Tuesday, February 16 report. As per Friday, August 7, the company rating was downgraded by Barclays Capital. As per Friday, July 29, the company rating was maintained by Deutsche Bank. The company was upgraded on Thursday, August 13 by Deutsche Bank. The firm has “Hold” rating by JP Morgan given on Wednesday, August 12. Argus Research upgraded Barrick Gold Corporation (USA) (NYSE:ABX) rating on Tuesday, March 15. Argus Research has “Buy” rating and $18 price target.
According to Zacks Investment Research, “Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America.”
More notable recent Barrick Gold Corporation (USA) (NYSE:ABX) news were published by: Investorplace.com which released: “Barrick Gold Corporation (USA) (ABX)” on August 24, 2016, also Investorplace.com with their article: “Barrick Gold Corporation (USA): 3 Pros, 3 Cons of ABX Stock” published on September 08, 2016, Schaeffersresearch.com published: “The $1.3M Bet Against Barrick Gold Corporation (USA) (ABX)” on August 04, 2016. More interesting news about Barrick Gold Corporation (USA) (NYSE:ABX) were released by: Investorplace.com and their article: “Why Barrick Gold Corporation (USA) (ABX), Interactive Brokers Group, Inc …” published on July 20, 2016 as well as Fool.com‘s news article titled: “Barrick Gold Corporation (USA) Stock Up 18%: Will Uncertainty Drive Gold Higher?” with publication date: January 07, 2016.
ABX Company Profile
Barrick Gold Corporation (Barrick), incorporated on March 10, 1995, is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Firm produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. The Company’s divisions include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc (Acacia), Lumwana, Zaldivar and Pascua-Lama Project.
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