Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) – Equities research analysts at Jefferies Group boosted their FY2018 EPS estimates for shares of Barrick Gold Corporation in a research note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the brokerage will earn $1.14 per share for the year, up from their prior estimate of $0.95. Jefferies Group also issued estimates for Barrick Gold Corporation’s FY2019 earnings at $1.17 EPS.

A number of other analysts also recently weighed in on the company. Berenberg Bank restated a “sell” rating and issued a $15.20 target price on shares of Barrick Gold Corporation in a research report on Thursday. Credit Suisse Group reiterated a “buy” rating and issued a $23.00 price objective on shares of Barrick Gold Corporation in a research report on Wednesday. Zacks Investment Research downgraded Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research report on Monday. Vetr downgraded Barrick Gold Corporation from a “buy” rating to a “hold” rating and set a $19.65 price objective for the company. in a research report on Monday, February 6th. Finally, BMO Capital Markets set a $20.00 price objective on Barrick Gold Corporation and gave the company a “buy” rating in a research report on Thursday, February 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.23.

Earnings History and Estimates for Barrick Gold Corporation (NYSE:ABX)

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Shares of Barrick Gold Corporation (NYSE:ABX) traded down 1.12% during trading on Friday, hitting $20.27. The company had a trading volume of 12,321,283 shares. The firm’s market capitalization is $23.62 billion. The company’s 50 day moving average is $17.93 and its 200 day moving average is $17.44. Barrick Gold Corporation has a 1-year low of $12.12 and a 1-year high of $23.47.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, February 24th. This is a boost from Barrick Gold Corporation’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 0.59%. Barrick Gold Corporation’s payout ratio is -3.90%.

This piece was published by Financial Market News and is the property of of Financial Market News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US & international copyright legislation. The correct version of this piece can be read at http://www.financial-market-news.com/jefferies-group-weighs-in-on-barrick-gold-corporations-fy2018-earnings-abx/1321614/.

Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its position in Barrick Gold Corporation by 14.9% in the fourth quarter. Van ECK Associates Corp now owns 70,886,606 shares of the company’s stock valued at $1,132,768,000 after buying an additional 9,206,142 shares during the period. Cohen & Steers Inc. boosted its stake in shares of Barrick Gold Corporation by 32,393.7% in the second quarter. Cohen & Steers Inc. now owns 43,332,308 shares of the company’s stock valued at $1,599,829,000 after buying an additional 43,198,952 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Barrick Gold Corporation by 29.3% in the second quarter. BlackRock Group LTD now owns 29,442,014 shares of the company’s stock valued at $628,587,000 after buying an additional 6,663,024 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Barrick Gold Corporation by 15.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,483,703 shares of the company’s stock valued at $291,357,000 after buying an additional 2,246,450 shares during the last quarter. Finally, Oldfield Partners LLP boosted its stake in shares of Barrick Gold Corporation by 68.3% in the third quarter. Oldfield Partners LLP now owns 15,042,420 shares of the company’s stock valued at $266,399,000 after buying an additional 6,104,649 shares during the last quarter. 58.61% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Corporation Company Profile

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

5 Day Chart for NYSE:ABX

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