UBS AG now has a neutral rating on the basic materials company's stock. Goldman Sachs maintained the shares of ABX in report on Wednesday, October 5 with "Buy" rating.
Barrick Gold Corporation (ABX) now has P/E (Price to Earnings) ratio of 7.49 while the company's industry has 0.97 P/E and the sector P/E is 21.46. Credit Suisse Group cut shares of Barrick Gold Corporation from an outperform rating to a neutral rating and dropped their target price for the stock from $22.00 to $19.00 in a report on Thursday, October 26th. Also, the Hold rating count is 0, as of 13 Nov 2017. The value of the total investment in Barrick Gold Corp went from $11,655,000 to $11,936,000 a change of $281,000 for the reporting period.
Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Barrick Gold Corporation now has an average rating of "Hold" and an average target price of $19.13.
The company is so far trading up from yesterday's close of 13.96. The company had a trading volume of 7,348,400 shares, compared to its average volume of 12,422,317. Barrick Gold Corporation has a 12 month low of $13.80 and a 12 month high of $20.78. Barrick Gold Corporation now has a P/CF ratio of 7.516281. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $2.02 billion.
The company has mean EPS estimate of 0.19 reported by 10 number of analyst for the quarter ending Current Qtr.(Dec2017). Barrick Gold Corporation's quarterly revenue was down 15.8% compared to the same quarter last year. analysts anticipate that Barrick Gold Corporation will post 0.75 EPS for the current fiscal year.
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Shares of Barrick Gold Corp.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.037 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.86%. Barrick Gold Corporation's dividend payout ratio (DPR) is now 6.45%.
Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors Lp now owns 1,042,243 shares worth $16,770,000.
Alliancebernstein L.P. says it increased its position in Barrick Gold Corp by 1,014,240 shares as of the end of the last quarter. As of quarter end Dimensional Fund Advisors Lp had acquired a total of 59,268 shares growing its position 6.0%. Neuberger Berman Group LLC bought a new position in shares of Barrick Gold Corporation during the second quarter valued at $161,000. The Return on Assets for Barrick Gold Corporation (TSX:ABX) is 0.084946.
The Leverage Ratio of Barrick Gold Corporation (TSX:ABX) is 0.25432. 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 divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.