Barrick Gold Corp (NYSE:ABX) (TSE:ABX) – Stock analysts at Cormark raised their Q3 2018 EPS estimates for shares of Barrick Gold in a report issued on Tuesday, September 25th, Zacks Investment Research reports. Cormark analyst R. Gray now forecasts that the basic materials company will earn $0.22 per share for the quarter, up from their previous estimate of $0.15. Cormark also issued estimates for Barrick Gold’s Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.65 EPS.
Several other research firms also recently issued reports on ABX. Citigroup raised Barrick Gold from a “sell” rating to a “neutral” rating and set a $11.00 price objective for the company in a research note on Tuesday, August 28th. ValuEngine downgraded Barrick Gold from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Zacks Investment Research downgraded Barrick Gold from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada downgraded shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $16.00 to $14.00 in a research report on Monday, July 30th. Finally, TD Securities set a $14.00 target price on shares of Barrick Gold and gave the company a “hold” rating in a research report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.14.
Shares of Barrick Gold stock traded up $0.02 on Thursday, hitting $13.18. The stock had a trading volume of 19,246,071 shares, compared to its average volume of 24,416,874. Barrick Gold has a twelve month low of $9.53 and a twelve month high of $16.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.12 and a quick ratio of 1.22. The company has a market capitalization of $15.36 billion, a P/E ratio of 17.57, a P/E/G ratio of 16.87 and a beta of -0.37.
Barrick Gold (NYSE:ABX) (TSE:ABX) last released its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.05). Barrick Gold had a negative net margin of 3.38% and a positive return on equity of 6.13%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company earned $0.22 EPS. The business’s quarterly revenue was down 20.7% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Stevens Capital Management LP acquired a new stake in shares of Barrick Gold during the 2nd quarter worth approximately $1,582,000. BlueMountain Capital Management LLC acquired a new stake in shares of Barrick Gold during the 2nd quarter worth approximately $790,000. Nomura Holdings Inc. grew its position in shares of Barrick Gold by 351.6% during the 2nd quarter. Nomura Holdings Inc. now owns 184,254 shares of the basic materials company’s stock worth $2,420,000 after buying an additional 257,484 shares during the period. Bridgewater Associates LP grew its position in shares of Barrick Gold by 221.5% during the 2nd quarter. Bridgewater Associates LP now owns 507,501 shares of the basic materials company’s stock worth $6,663,000 after buying an additional 349,625 shares during the period. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Barrick Gold by 4.6% in the 2nd quarter. State of Wisconsin Investment Board now owns 940,726 shares of the basic materials company’s stock worth $12,350,000 after purchasing an additional 41,140 shares in the last quarter. 52.67% of the stock is owned by institutional investors.