Stock On Watch: After Today’s Significant Increase, Is Barrick Gold Corporation (USA)’s Near-Term Analysis Positive?

Stock On Watch: After Today's Significant Increase, Is Barrick Gold Corporation (USA)'s Near Term Analysis Positive?

The stock of Barrick Gold Corporation (USA) (NYSE:ABX) is a huge mover today! About 4.00M shares traded hands. Barrick Gold Corporation (USA) (NYSE:ABX) has declined 8.38% since April 25, 2016 and is downtrending. It has underperformed by 14.39% the S&P500.
The move comes after 5 months positive chart setup for the $18.02B company. It was reported on Nov, 28 by Barchart.com. We have $16.34 PT which if reached, will make NYSE:ABX worth $1.26B more.

Analysts await Barrick Gold Corporation (USA) (NYSE:ABX) to report earnings on February, 15. They expect $0.21 EPS, up 162.50% or $0.13 from last year’s $0.08 per share. ABX’s profit will be $247.82 million for 18.18 P/E if the $0.21 EPS becomes a reality. After $0.24 actual EPS reported by Barrick Gold Corporation (USA) for the previous quarter, Wall Street now forecasts -12.50% negative 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”, 1 “Sell”, while 10 “Hold”. This means 50% are positive. Barrick Gold Corp. has been the topic of 46 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Barclays Capital on Friday, August 7 to “Equal Weight”. The rating was maintained by JP Morgan on Wednesday, August 12 with “Hold”. The rating was upgraded by Canaccord Genuity to “Sell” on Friday, July 31. The firm has “Hold” rating given on Wednesday, March 23 by Deutsche Bank. The firm has “Hold” rating given on Friday, February 19 by Mackie. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) has “Sell” rating given on Wednesday, September 7 by Berenberg. Deutsche Bank upgraded the shares of ABX in a report on Thursday, August 13 to “Buy” rating. Argus Research upgraded Barrick Gold Corporation (USA) (NYSE:ABX) rating on Tuesday, March 15. Argus Research has “Buy” rating and $18 price target. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) earned “Neutral” rating by Clarkson Capital on Tuesday, February 16. The firm has “Neutral” rating given on Tuesday, March 15 by JP Morgan.

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: “Why Barrick Gold Corporation (USA) (ABX), Sturm Ruger & Company Inc (RGR) and …” on November 10, 2016, also Investorplace.com with their article: “Barrick Gold Corporation (USA): 3 Pros, 3 Cons of ABX Stock” published on September 08, 2016, Investorplace.com published: “Barrick Gold Corporation (USA) (ABX)” on August 24, 2016. More interesting news about Barrick Gold Corporation (USA) (NYSE:ABX) were released by: Investorplace.com and their article: “Trade of the Day: Barrick Gold Corporation (USA) (NYSE:ABX)” published on October 10, 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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