Analysts See $0.24 EPS for Barrick Gold Corp (USA) (ABX)

July 17, 2017 - By Hazel Jackson

 Analysts See $0.24 EPS for Barrick Gold Corp (USA) (ABX)

Investors wait Barrick Gold Corp (USA) (NYSE:ABX) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.24 earnings per share, up $0.10 or 71.43 % from last year’s $0.14 same quarter earnings. This translates into $284.93 million profit for ABX giving the stock a 16.75 P/E. This is assuming the current $0.24 EPS is accurate. Barrick Gold Corp (USA)’s Wall Street analysts see 71.43 % EPS growth, taking into account the $0.14 EPS reproted in the previous quarter, The stock increased 0.56% or $0.09 during the last trading session, reaching $16.08. About 7.25M shares traded. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since July 18, 2016 and is downtrending. It has underperformed by 24.96% the S&P500.

Barrick Gold Corp (USA) (NYSE:ABX) Ratings Coverage

Among 23 analysts covering Barrick Gold Corp. (NYSE:ABX), 10 have Buy rating, 0 Sell and 13 Hold. Therefore 43% are positive. Barrick Gold Corp. had 63 analyst reports since August 6, 2015 according to SRatingsIntel. As per Tuesday, March 15, the company rating was maintained by JP Morgan. Deutsche Bank maintained the stock with “Hold” rating in Friday, July 29 report. Mackie downgraded the shares of ABX in report on Monday, June 20 to “Sell” rating. Raymond James maintained Barrick Gold Corp (USA) (NYSE:ABX) rating on Thursday, June 15. Raymond James has “Market Perform” rating and $19 target. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned “Buy” rating by Deutsche Bank on Monday, October 3. RBC Capital Markets maintained it with “Buy” rating and $23 target in Thursday, May 25 report. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Buy” rating given on Tuesday, March 15 by Argus Research. Macquarie Research upgraded Barrick Gold Corp (USA) (NYSE:ABX) on Wednesday, August 19 to “Neutral” rating. As per Tuesday, August 2, the company rating was initiated by Citigroup. The stock has “Outperform” rating by IBC on Monday, June 27.

Barrick Gold Corporation is a gold mining company. The company has market cap of $19.09 billion. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has a 13.23 P/E ratio. The Company’s divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

More notable recent Barrick Gold Corp (USA) (NYSE:ABX) news were published by: Fool.ca which released: “Barrick Gold Corp.: Is This the Right Time to Buy?” on July 10, 2017, also Fool.ca with their article: “Barrick Gold Corp.: Is a New Rally Underway?” published on June 26, 2017, Gurufocus.com published: “Harwood Advisory Group, LLC Buys PowerShares S&P 500 Low Volatility Portfolio …” on July 17, 2017. More interesting news about Barrick Gold Corp (USA) (NYSE:ABX) were released by: Fool.ca and their article: “Will Barrick Gold Corp. Come Out Unscathed From Tanzania Negotiations?” published on June 29, 2017 as well as Fool.ca‘s news article titled: “Should Kinross Gold Corporation or Barrick Gold Corp. Be in Your Portfolio?” with publication date: July 17, 2017.

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