The stock of Barrick Gold Corporation (USA) (NYSE:ABX) is a huge mover today! About 5.79 million shares traded hands. Barrick Gold Corporation (USA) (NYSE:ABX) has risen 13.99% since March 4, 2016 and is uptrending. It has outperformed by 5.96% the S&P500.
The move comes after 9 months positive chart setup for the $17.87B company. It was reported on Oct, 7 by Barchart.com. We have $19.03 PT which if reached, will make NYSE:ABX worth $3.75 billion more.
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 $238.59 million for 18.71 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 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, June 27 by IBC. The firm has “Neutral” rating by Clarkson Capital given on Tuesday, February 16. The firm has “Neutral” rating by Macquarie Research given on Wednesday, August 19. IBC initiated the shares of ABX in a report on Friday, July 24 with “Sector Perform” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, September 18. On Monday, June 20 the stock rating was downgraded by Mackie to “Sell”. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, October 5. The stock has “Equal-Weight” rating given by Morgan Stanley on Tuesday, August 9. As per Friday, January 8, the company rating was upgraded by Sterne Agee CRT. Clarkson Platou upgraded the stock to “Buy” rating in Monday, April 18 report.
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: “Trade of the Day: Barrick Gold Corporation (USA) (ABX) Ripe for a Drop” on October 05, 2016, also Investorplace.com with their article: “Barrick Gold Corporation (USA) (ABX)” published on August 24, 2016, Investorplace.com published: “Barrick Gold Corporation (USA): 3 Pros, 3 Cons of ABX Stock” on September 08, 2016. More interesting news about Barrick Gold Corporation (USA) (NYSE:ABX) were released by: Schaeffersresearch.com and their article: “The $1.3M Bet Against Barrick Gold Corporation (USA) (ABX)” published on August 04, 2016 as well as Schaeffersresearch.com‘s news article titled: “Pre-Fed Put Buying Picks Up On Barrick Gold Corporation (USA) (ABX)” with publication date: September 15, 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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