Which Analysts Are Watching Barrick Gold Corporation (NYSE:ABX)?

Barrick shares hammered after slashing production guidance

The gold mining giant said that once adjusted, net earnings came in at $162 million U.S. or $0.14 per share, compared with $127 million USA or $0.11 per share in the first quarter of 2016. 14,307,763 shares of the stock traded hands. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

The original version of this story can be accessed at https://www.thecerbatgem.com/2017/04/25/barrick-gold-corp-abx-releases-earnings-results.html. The stock presently has a consensus rating of "Hold" and a consensus price target of $22.86. 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. Earnings before interest, taxes, depreciation and amortization came in at $904 million below Street estimates for $1.05 billion.

CSFB raised their price target on Barrick Gold Corp from C$23.00 to C$25.00 in a research report on Thursday, February 16th. -EPS Growth (Y-o-Y): 27.3% -Analysts Estimate: $0.20 -Revenue (Q1): $2.00 Bln vs. $1.93 Bln a year ago.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Out of rating recommendations 4 have given the stock a Buy while 7 recommend the stock as Outperform. Moreover, TD Securities issued Downgrade rating for the stock on 21-Dec-16. The company has a 50-day moving average of $19.05 and a 200 day moving average of $17.43.

An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels.

Receive Barrick Gold Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold Corporation with MarketBeat.com's FREE daily email newsletter. They now have a Dollars 23 price target on the stock. Commonwealth Equity Services Inc now owns 97,979 shares of the basic materials company's stock worth $1,736,000 after buying an additional 14,050 shares during the last quarter. Over the past month the firm's stock is -1.70%, 7.01% for the last quarter, 12.06% for the past six-months and 18.72% for the previous year. Therefore, the stated figure displays a quarterly performance of 7.01% and year to date performance of 19.33%.

While taking a glance at financials, we can look at a number of key indicators.

ABX has a 1-year high price of $ 23.38 and 1-year low price of $13.79. 9,777,747 shares of the company's stock were exchanged.

Barrick, which is the world's largest gold miner, also lowered its forecast for 2017 group gold production largely because of the sale of a 50-per-cent stake in the Argentinian mine, Veladero, to a Chinese miner last month.



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