Cedar Wealth Management LLC boosted its stake in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 14.0% during the second quarter, according to its most recent disclosure with the SEC. 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. Winslow Evans & Crocker Inc.'s holdings in Barrick Gold Corporation were worth $233,000 at the end of the most recent reporting period. 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. Van ECK Associates Corp now owns 74,763,721 shares of the basic materials company's stock worth $1,419,763,000 after buying an additional 3,877,115 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Barrick Gold Corporation by 5.5% in the first quarter. Rothschild Investment Corp IL now owns 49,775 shares of the basic materials company's stock valued at $792,000 after buying an additional 29,750 shares during the period. BlackRock Inc. increased its position in Barrick Gold Corporation by 40,554.0% in the first quarter. Vanguard Group Inc. now owns 26,244,966 shares of the basic materials company's stock valued at $498,391,000 after buying an additional 1,052,610 shares during the period. FNY Managed Accounts LLC bought a new position in Barrick Gold Corporation during the first quarter worth approximately $116,000. Majedie Asset Management Ltd now owns 17,495,626 shares of the basic materials company's stock valued at $332,242,000 after buying an additional 910,252 shares during the period. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time.
Barrick Gold Corporation (ABX) traded down 0.18% during midday trading on Thursday, hitting $17.11.
The market capitalization of Barrick Gold Corporation is at $19.99 Billion.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, July 26th. The company reported the earnings of $0.22/Share in the last quarter where the estimated EPS by analysts was $0.19/share. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation P/E (price to earnings) ratio is 8.46 and Forward P/E ratio of 22.26.
Barrick Gold Corporation (ABX) waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side.
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The Relative Volume of the company is 1.08 and Average Volume (3 months) is 11.78 million. On average, analysts expect that Barrick Gold Corporation will post $0.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, August 29th. Two analysts have made estimates for Barrick Gold Corporation's earnings, with estimates ranging from $0.17 to $0.27.
COPYRIGHT VIOLATION WARNING: This article was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright legislation. The original version of this story can be read at https://www.com-unik.info/2017/08/03/barrick-gold-corporation-nyseabx-raised-to-hold-at-zacks-investment-research-updated.html. The forecast of 5 surveyed investment analysts covering the stock advises investors to Buy stake in the company. TD Securities restated a "hold" rating on shares of Barrick Gold Corporation in a research report on Sunday, May 28th. Royal Bank Of Canada restated a "buy" rating and set a $21.00 target price on shares of Barrick Gold Corporation in a research note on Tuesday, July 18th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company.
Analysts are also projecting an Average Revenue Estimate for Barrick Gold Corporation as $2.12 Million in the Current Quarter. 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.