Barrick Gold Corporation Sees Unusually High Options Volume (ABX)

Paterniano Del Favero
Agosto 4, 2017

Cedar Wealth Management LLC's holdings in Barrick Gold Corporation were worth $200,000 as of its most recent filing with the SEC.

Currently, EPS of Barrick Gold Corporation (ABX) is 0.22 while the analysts predicted the EPS of the stock to be 0.19 suggesting the company fell short of the analysts' expectations. Finally, Majedie Asset Management Ltd increased its position in Barrick Gold Corporation by 5.5% in the first quarter. Capstone Asset Management Co. now owns 72,065 shares of the basic materials company's stock worth $1,369,000 after buying an additional 1,420 shares during the period. Bennicas & Associates Inc. increased its stake in shares of Barrick Gold Corporation by 4.3% in the first quarter. Rothschild Investment Corp IL now owns 49,775 shares of the basic materials company's stock worth $792,000 after buying an additional 29,750 shares during the period. Rothschild Investment Corp IL increased its position in shares of Barrick Gold Corporation by 148.6% in the second quarter. Bennicas & Associates Inc. now owns 24,450 shares of the basic materials company's stock worth $464,000 after buying an additional 1,000 shares during the period. Hexavest Inc. raised its position in Barrick Gold Corporation by 954.7% in the first quarter. Legal & General Group Plc now owns 5,124,109 shares of the basic materials company's stock valued at $97,047,000 after buying an additional 5,122,085 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Barrick Gold Corporation by 18.6% in the first quarter. FMR LLC now owns 18,633,462 shares of the basic materials company's stock valued at $353,936,000 after buying an additional 2,241,822 shares during the last quarter. Institutional investors own 57.72% of the company's stock.

Barrick Gold Corporation (ABX) belonging to the Basic Materials sector has declined -0.47% and closed its last trading session at $17.06. However, the company's most recent quarter increase of 5.7% looks attractive. The share price has moved forward from its 20 days moving average 6.35% and positively from its 50 days moving average 5.93%. Looking out over the past year, company shares have been recorded -24.85% off the 52 week high and 23.58% away from the low over the same period. The company has a market capitalization of $23.57 billion and a price-to-earnings ratio of 16.71.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its earnings results on Wednesday, July 26th.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.17, according to consensus of 10 analysts. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.22 billion. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%.

While looking at the Stock's Performance, Barrick Gold Corporation now shows a Weekly Performance of 5.54%, where Monthly Performance is 9.8%, Quarterly performance is 5.74%, 6 Months performance is -7.25% and yearly performance percentage is -24.46%. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Jefferies Group also issued estimates for Barrick Gold Corp's FY2018 earnings at $1.18 EPS and FY2019 earnings at $1.16 EPS. The ex-dividend date is Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.70%. Be in Your Portfolio?" on July 17, 2017, also Fool.ca published article titled: "Should Barrick Gold Corp. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & global copyright and trademark laws. The correct version of this piece can be viewed at https://weekherald.com/2017/08/03/barrick-gold-corporation-nyseabx-raised-to-hold-at-bidaskclub.html. Raymond James maintained it with "Market Perform" rating and $19 target in Thursday, June 15 report. Zacks Investment Research cut Barrick Gold Corporation from a "hold" rating to a "sell" rating in a report on Tuesday, July 11th. Analysts reported that the Price Target for Barrick Gold Corporation might touch $25.26 high while the Average Price Target and Low price Target is $20.36 and $15 respectively. TD Securities reiterated a "hold" rating on shares of Barrick Gold Corporation in a research note on Sunday, May 28th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of "Hold" and an average target price of $21.73. 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.

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