Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Analysts at Cormark decreased their Q1 2018 earnings per share (EPS) estimates for Barrick Gold in a research report issued on Thursday. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.21 per share for the quarter, down from their previous estimate of $0.23. Cormark also issued estimates for Barrick Gold’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.84 EPS.
Other research analysts have also recently issued research reports about the stock. BMO Capital Markets set a C$15.00 price objective on shares of Barrick Gold and gave the company a “market perform” rating in a report on Thursday. CSFB cut their price objective on shares of Barrick Gold to C$24.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Canaccord Genuity lifted their price objective on shares of Barrick Gold from C$24.50 to C$27.00 in a report on Friday, January 19th. TD Securities cut their price objective on shares of Barrick Gold to C$22.00 and set a “hold” rating for the company in a report on Monday, November 6th. Finally, Royal Bank of Canada cut shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$21.00 to C$18.00 in a report on Wednesday, November 1st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$22.67.
Barrick Gold (ABX) opened at C$16.62 on Friday. Barrick Gold has a fifty-two week low of C$15.90 and a fifty-two week high of C$27.19. The stock has a market cap of $19,390.00, a price-to-earnings ratio of 10.79 and a beta of -0.82.
In related news, insider Richard James Elton Williams bought 27,302 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average price of C$17.97 per share, for a total transaction of C$490,616.94. Also, Director Graham G. Clow bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of C$14.44 per share, for a total transaction of C$72,200.00. In the last quarter, insiders bought 91,535 shares of company stock worth $1,617,559.
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About Barrick Gold
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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