News stories about Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Barrick Gold Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.5691909381961 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Gold Prices Jump as Political Instability Moves Dollar Lower (finance.yahoo.com)
- Barrick Gold Corporation (ABX) returned 7.95% high – Monthly Gainer – Street Observer (press release) (streetobserver.com)
- Barrick Gold Corporation (ABX) Releases Earnings Results, Beats Expectations By $0.05 EPS (footballhebdo.com)
- Barrick Gold Corporation (NYSE:ABX) reported Beta of (overnewsmagazine.com)
- Hot Stock for Investors: Barrick Gold Corporation (ABX) (fishinghd.com)
Barrick Gold Corporation (NYSE:ABX) traded up 2.03% on Thursday, reaching $17.07. 11,566,847 shares of the company’s stock traded hands. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $22.19. The firm has a 50-day moving average price of $16.21 and a 200-day moving average price of $17.56. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 8.45 and a beta of -0.23. Barrick Gold Corporation also was the recipient of some unusual options trading on Wednesday. Traders bought 19,089 call options on the stock. This is an increase of 106% compared to the typical volume of 9,246 call options.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company earned $0.14 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Barrick Gold Corporation will post $0.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, August 29th. Barrick Gold Corporation’s payout ratio is currently 5.94%.
A number of equities research analysts have issued reports on ABX shares. BidaskClub raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. TD Securities reaffirmed a “hold” rating on shares of Barrick Gold Corporation in a report on Tuesday, June 27th. Jefferies Group LLC increased their price objective on shares of Barrick Gold Corporation from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 price objective on shares of Barrick Gold Corporation in a report on Tuesday, July 18th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $21.00 price objective (down from $22.00) on shares of Barrick Gold Corporation in a report on Sunday, June 25th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.84.
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Barrick Gold Corporation Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. 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 segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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