Q1 2018 Revenue Evaluation for Barrick Gold Corp (ABX) Issued By Cormark

Q1 2018 Revenue Evaluation for Barrick Gold Corp (ABX) Issued By Cormark

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities research analysts at Cormark increased their Q1 2018 earnings per share (EPS) estimates for Barrick Gold Corp in a research note issued on Wednesday. Cormark analyst R. Gray now forecasts that the firm will post earnings of $0.28 per share for the quarter, up from their previous estimate of $0.21. Cormark also issued estimates for Barrick Gold Corp’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.28 EPS and Q4 2018 earnings at $0.28 EPS.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity lifted their target price on shares of Barrick Gold Corp from C$28.00 to C$29.00 in a report on Friday, February 3rd. TD Securities reaffirmed a “hold” rating and set a C$18.00 target price on shares of Barrick Gold Corp in a report on Thursday, February 9th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Barrick Gold Corp in a report on Thursday, December 15th. Barclays PLC cut their target price on shares of Barrick Gold Corp from C$21.00 to C$20.00 in a report on Tuesday, January 10th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$19.00 target price on shares of Barrick Gold Corp in a report on Thursday, January 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$23.78.

Barrick Gold Corp (TSE:ABX) opened at 25.26 on Thursday. The company has a market cap of $29.44 billion and a price-to-earnings ratio of 45.11. Barrick Gold Corp has a 52-week low of $17.09 and a 52-week high of $30.44. The firm’s 50-day moving average is $25.22 and its 200 day moving average is $22.84.

In related news, insider Mark Francis Hill purchased 9,453 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was bought at an average price of C$24.58 per share, with a total value of C$232,354.74. Also, Director John Lawson Thornton purchased 26,750 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average cost of C$19.01 per share, with a total value of C$508,517.50.

Barrick Gold Corp 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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