Economy

Addison Capital Co Sells 120 Shares of Barrick Gold Corp (ABX)

Addison Capital Co Sells 120 Shares of Barrick Gold Corp (ABX)

If the market is performing well and the stock is over-valued, ABX might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. Finally, Scotiabank reissued a "sector perform" rating and issued a $22.50 price target on shares of Barrick Gold Corp in a research note on Tuesday, April 25th. A rating of 1 would be equivalent to a Strong Buy, and a rating of 5 would indicate a Strong Sell rating.

Analysts on average have given a price target of $21.48 to Barrick Gold Corporation (ABX) stock.

The share price of the company (NYSE:ABX) was up +0.36%, with a high of 17.06 during the day and the volume of Barrick Gold Corporation shares traded was 10019948. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company's stock. $18.44's average target is 8.85% above currents $16.94 stock price. If you are reading this story on another website, it was illegally copied and reposted in violation of USA and worldwide copyright and trademark laws.

Several other brokerages also recently issued reports on ABX.

Barrick Gold Corporation (ABX) reported sales (ttm) of 8.62 Billion, whereas, 6 number of analysts estimated the mean sale of 2142.39 million. Capstone Asset Management Co. now owns 72,065 shares of the basic materials company's stock worth $1,369,000 after buying an additional 1,420 shares in the last quarter. While the company's share hit the 52 week high on 07/06/16 stationing the value of $23.38.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Recently, the stock has been noticed trading 0.31% away from the 20-day moving average. Now the P/E of Barrick Gold Corporation (ABX) stands at 13.95. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.07. Barrick Gold Corp had a positive return on equity of 6.81% and a negative net margin of 28.22%.

Barrick Gold Corporation (ABX) has a market capitalization of 19.72 Billion which suggests the company is a huge company further suggesting that the shares of Barrick Gold Corporation (ABX) are stable and safe compared to the lower market capitalization companies. Barrick Gold Corp has a one year low of $13.81 and a one year high of $23.47.

It's even better if the EPS growth rate has been accelerating in recent quarters and years. The company has 1166.00 shares outstanding and 72.10% shares of the company were owned by institutional investors. The Vnbtrust National Association holds 90,833 shares with $5.85 million value, up from 67,178 last quarter. 1832 Asset Management L.P. boosted its position in shares of Barrick Gold Corp by 11.4% in the third quarter. The firm has "Buy" rating by BMO Capital Markets given on Monday, April 3. Capstone Asset Management Co. raised its position in Barrick Gold Corp by 2.0% in the first quarter. However, most financial instruments are traded after hours which mean that the closing price of a stock might not match the after-hours price. Usca Ria LLC now owns 24,389 shares of the basic materials company's stock worth $463,000 after buying an additional 228 shares during the period. Hedge funds and other institutional investors own 58.61% of the company's stock.

Often, young, fast-growing companies prefer not to pay dividends, opting instead to re-invest their retained earnings into their business operations, compounding their growth and thus the book value of their shares over time. Shareholders of record on Wednesday, May 31st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, May 26th.

Oldfield Partners Llp decreased its stake in Barrick Gold Corp (ABX) by 43.23% based on its latest 2016Q4 regulatory filing with the SEC. This Beta value of Barrick Gold Corporation (ABX) shows that it has historically moved -27% for every 100% move in the benchmark.


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