Barrick Gold (ABX) Stock Price Down 3.8%

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) shares traded down 3.8% on Wednesday . The company traded as low as C$18.09 and last traded at C$18.17. 3,997,753 shares changed hands during mid-day trading, an increase of 67% from the average session volume of 2,389,952 shares. The stock had previously closed at C$18.88.

A number of research analysts have recently weighed in on the company. Desjardins restated a “hold” rating on shares of Barrick Gold in a research report on Monday, December 11th. Eight Capital restated a “neutral” rating on shares of Barrick Gold in a research report on Thursday, November 16th. TD Securities dropped their price target on Barrick Gold to C$22.00 and set a “hold” rating for the company in a research report on Monday, November 6th. Royal Bank of Canada cut Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. Finally, CSFB dropped their price target on Barrick Gold to C$24.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$22.83.

The firm has a market capitalization of $21,190.00, a PE ratio of 7.83 and a beta of -0.88.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Wednesday, October 25th. The company reported C$0.21 EPS for the quarter, hitting analysts’ consensus estimates of C$0.21. Barrick Gold had a negative return on equity of 0.46% and a negative net margin of 2.16%.

In related news, insider Richard James Elton Williams acquired 27,302 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of C$17.97 per share, for a total transaction of C$490,616.94. Also, Director Kelvin Paul Michael Dushnisky acquired 56,733 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of C$17.97 per share, with a total value of C$1,019,492.01. In the last quarter, insiders have purchased 91,535 shares of company stock valued at $1,617,559.

COPYRIGHT VIOLATION WARNING: “Barrick Gold (ABX) Stock Price Down 3.8%” was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3143211/barrick-gold-abx-stock-price-down-3-8.html.

Barrick Gold 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.

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.