Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Stock analysts at Cormark decreased their Q3 2017 earnings estimates for Barrick Gold Corp in a research report issued to clients and investors on Monday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.30.
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Other research analysts have also recently issued research reports about the stock. Canaccord Genuity cut their price target on shares of Barrick Gold Corp from C$30.00 to C$27.50 in a research note on Friday, September 29th. TD Securities restated a “hold” rating and set a C$27.00 price target on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. BMO Capital Markets restated a “market perform” rating and set a C$18.00 price target on shares of Barrick Gold Corp in a research note on Friday, October 13th. Royal Bank Of Canada restated an “outperform” rating on shares of Barrick Gold Corp in a research note on Friday, June 23rd. Finally, Scotiabank restated a “sector perform” rating and set a C$30.00 price target on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$25.50.
Shares of Barrick Gold Corp (TSE:ABX) opened at 20.16 on Tuesday. The stock’s 50 day moving average price is $20.89 and its 200-day moving average price is $21.85. Barrick Gold Corp has a 12 month low of $18.52 and a 12 month high of $27.19. The firm has a market capitalization of $23.51 billion and a PE ratio of 9.98.
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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