UBS AG Lowers Barrick Gold Corporation (NYSE:ABX) Price Target to $17.00

Moreover, American Capital Management Inc has 2.98% invested in the company for 2.52 million shares. After having $0.16 EPS previously, Barrick Gold Corp (USA)'s analysts see 31.25 % EPS growth.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ABX. Rothschild Investment Corp acquired 29,750 shares as Barrick Gold Corp (ABX)'s stock declined 17.45%.

As of the end of the quarter Alliancebernstein L.P. had bought a total of 7,310 shares growing its stake by 141.2%. The value of the investment in (ABX) increased from $11,430,000 to $27,879,000 increasing 143.9% since the last quarter. This is a positive change from Barrick Gold Corp's previous quarterly dividend of $0.03. Hussman Strategic Advisors Inc. now owns 1,050,000 shares of the basic materials company's stock worth $16,706,000 after purchasing an additional 900,000 shares during the period.

Rothschild Investment Corp increased Barrick Gold Corp (ABX) stake by 148.56% reported in 2017Q2 SEC filing. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company's stock valued at $105,000 after acquiring an additional 3,543 shares during the period. Aviva PLC grew its stake by buying 1,014,240 shares an increase of 1.0%.

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX) traded down 0.355% during trading on Friday, hitting $18.265. Barrick Gold Corporation has a 52-week low of $13.80 and a 52-week high of $20.78. As of today, the company has a SMA200 (200-day simple moving average) of -18.69 Percent. Barrick Gold Corporation had a return on equity of 7.73% and a net margin of 25.72%. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01).

Seaward Management Limited Partnership Boosts Position in Exxon Mobil Corporation (XOM)
Cleararc Capital Inc decreased Boston Properties Inc (NYSE:BXP) stake by 28,771 shares to 3,783 valued at $465,000 in 2017Q2. The Exxon Mobil Corporation has Relative Strength Index (RSI 14) of 50.43 along with Average True Range (ATR 14) of 0.78.

S&P says Venezuela has defaulted on its debt
Venezuela's envoy to the UN, Rafael Ramirez, called the meeting "illegal" and a "hostile" act "of interference" by the US. The ratings agency said the South American nation had failed to make $200m (£153m) in repayments on its foreign debt.

European Financial Watchdog Warns Investors Against ICOs
This move by the FCA and ESMA follows a decision by the People's Bank of China in September which made the use of ICOs illegal.

Analysts believe that the company has the potential to earn average revenue of $2.27 Billion for the current quarter. The business's revenue for the quarter was down 15.8% on a year-over-year basis. On average, equities analysts anticipate that Barrick Gold Corp. will post $0.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.15 annualized dividend and a yield of 0.84%. Barrick Gold Corp's P/E ratio is 7.49 and market cap is 16.31B.

Several research analysts have weighed in on ABX shares.

Equity analyst Royal Bank Of Canada updated coverage of ABX stating a rating of "Buy" and a price target of $21.00. Jefferies Group raised shares of Barrick Gold Corp. from a "hold" rating to a "buy" rating and raised their price objective for the stock from $21.08 to $26.00 in a report on Thursday, July 14th. BidaskClub upgraded shares of Barrick Gold Corporation from a sell rating to a hold rating in a research report on Monday, July 31st. BMO Capital Markets reiterated a market perform rating and issued a C$18.00 price target on shares of Barrick Gold Corp in a research note on Thursday, July 6th. Berenberg Bank reissued a "hold" rating on shares of Barrick Gold Corporation in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of "Hold" and a consensus target price of $19.13.

Related:

  • Latest Firefox browser update comes with huge performance improvements

    Latest Firefox browser update comes with huge performance improvements

    The new Library provides quick access to your saved stuff: bookmarks, Pocket, history, downloads, tabs, and screenshots. The Firefox Quantum browser is based on a next-generation engine that is built for modern multi-CPU and GPU based PCs.

    Ascena Retail Group Inc (ASNA) EPS Estimated At $0.11

    Coliseum Capital Management Llc sold 3.26 million shares as the company's stock declined 59.69% while stock markets rallied. Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment.
    FDx Advisors Inc. Acquires 10427 Shares of TJX Companies, Inc. (The) (TJX)

    FDx Advisors Inc. Acquires 10427 Shares of TJX Companies, Inc. (The) (TJX)

    Moreover, Vnbtrust National Association has 0.13% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 12,000 shares. The stock witnessed -0.05% declines, 6.52% gains and 8.77% gains for the 1-month, 3-month and 6-month period, respectively.
  • Coal India net profit drops 40% to Rs. 369 cr

    Coal India net profit drops 40% to Rs. 369 cr

    Coal India Ltd ( CIL ) has reported lower profits for the six straight quarter. Coal production during the same quarter a year ago was 104.37 million tonnes.
    IIFI row: Shyam Benegal reacts to Sujoy Ghosh's resignation as jury chief

    IIFI row: Shyam Benegal reacts to Sujoy Ghosh's resignation as jury chief

    The director confirmed the news to Indian express but didn't elaborate the reason behind this decision. The jury had nominated Nude as the opening film, where Sujoy had termed it as a strong feminist film.

    FedEx Corporation (FDX) Shares Bought by Williams Jones & Associates LLC

    Parametric Portfolio Limited Liability Company stated it has 0.35% in Texas Instruments Incorporated (NASDAQ:TXN). The Company's divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
  • Ben Roethlisberger: NFL needs to 'get rid of' Thursday night games

    Ben Roethlisberger: NFL needs to 'get rid of' Thursday night games

    Roethlisberger also added that the Titans probably feel the same way about playing on just four days of rest. It's tough to turn around physically because it's such a demanding sport, a demanding game.
    Colleges launch website for faculty vote

    Colleges launch website for faculty vote

    I look forward to working directly with student leaders and colleges on how we can lessen the impact of the strike on students. Canadore students will join their brethren from across Ontario for the #ASSTOCLASS movement.
    Black Friday and Cyber Monday

    Black Friday and Cyber Monday

    Never met a sale you didn't ♥? Oftentimes they're only available for select hours or they're available in very limited quantities. More than half of Argos sales originate online and around 120 million customer transactions take place in stores each year.
  • Analysts Outlook: Oncosec Medical Cmn (ONCS)

    Vanguard Group Inc. owned approximately 2.44% of OncoSec Medical worth $705,000 at the end of the most recent reporting period. At a certain point in the past four quarters, the shares traded as low as $0.76 but made a 120.39% recovery since then.
    Memphis Grizzlies vs Milwaukee Bucks: Lineups, preview and prediction 11/13/17

    Memphis Grizzlies vs Milwaukee Bucks: Lineups, preview and prediction 11/13/17

    Henson added six of his nine rebounds and one of his two blocked shots in the fourth quarter. Tyreke Evans paced the Grizzlies with 27 points off the bench as they fell to 7-6.
    Davido wins another big award at the 2017 MTV EMA

    Davido wins another big award at the 2017 MTV EMA

    Wizkid reacted deep, with four frog emojis on Snapchat and Twitter while hailing his fans as militants. The artiste mocked the AFRIMA Awards, saying the one he collected previous year has peeled off.

Comments

Latest news

Top Story: Trump's HHS Pick Alex Azar Fits Right In
In May, he told Fox News that, in his opinion, Obamacare was "circling the drain" and should be stopped. He also thinks Medicaid should be turned into a block grant program and be run by the private sector.

Coca-Cola called a core holding by Wells, alcohol next?
The stock of Coca-Cola FEMSA, S.A.B.de C.V. (ADR) (NYSE:KOF) earned "Overweight" rating by Barclays Capital on Monday, March 7. It is positive, as 49 investors sold KO shares while 618 reduced holdings. 33 funds opened positions while 28 raised stakes.

Governments in 30 countries pay 'keyboard armies' to spread propaganda, report says
Governments in 30 of these countries are using manipulation tools to distort online information, compared to 23 per cent past year .

Sizzling Stock Alert: The Charles Schwab Corporation (SCHW)
Nelson Roberts Inv Advisors Limited Liability Corp accumulated 1,300 shares. 15,790 are owned by Farmers Tru Communications. Seaport Global Securities initiated Kansas City Southern (NYSE:KSU) on Wednesday, October 19 with "Accumulate" rating.

Toronto Dominion Bank Buys 56539 Shares of Boston Scientific Corporation (BSX)
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . The firm owned 11,909 shares of the medical equipment provider's stock after selling 3,865 shares during the quarter.

Traders Secrets on Southwest Airlines Co. (LUV), Simon Property Group, Inc. (SPG)
CME Group Inc. had a market cap of 46.97B, indicating that it has a good hold on the market value of the shares outstanding. Sell-side analyst recommendations point to a short term price target of $78 on the shares of Piper Jaffray Companies (PJC).

Four Gulf of Mexico oil platforms shut after Enchilada fire -Shell
A spill-response vessel was mobilized to the area as a precaution, UPI reported. Hess production at these fields is approximately 30,000 boed.

UK Supermarket Tesco Includes Gay Dads In Controversial Holiday Ad
This was the first time that Muslims were featured in a marketing campaign by Tesco. "Well I say well done". Replying to the advert on Twitter, customers threatened to boycott the retailer.

Jordin Sparks reveals secret marriage and pregnancy
On July 16, the pair eloped in Hawaii while on vacation with friends. "I'm going to be completely honest, ... was like, 'Oh gosh!'" few after the knot, " Idol " 6 found she expecting. "We this together!" added, "I'm grateful life nuts". "This the part far I (Dana) I this one I a family".

Officer shoots, kills man at apartment complex
I ask that the community withhold judgement on this incident until the LSP concludes its work. Broome also released a statement Monday night in response to the shooting.

Amc Entertainment Holdings Inc (AMC) - Wedbush Reiterates Rating
Stoneridge Inv Prtn Ltd Liability Com holds 0.13% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC) for 38,485 shares. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Jerry Jones says he's not backing off on Goodell extension
Dallas Cowboys owner Jerry Jones shot down a report Tuesday that suggested National Football League owners could band together in an effort to force his forfeiture of the Cowboys franchise.

III Apparel Group, Ltd. (GIII) Analysts See $1.53 EPS
D-E Shaw & Company Inc decreased Berkley W R Corp (NYSE:WRB) stake by 76,961 shares to 9,604 valued at $664,000 in 2017Q2. September 7 investment analysts at Buckingham Research left the company rating at "Buy" projecting a price of $35.00.

Institutional Investors Lead Shift in Callon Petroleum Co (NYSE:CPE) Sentiment
The firm earned "Hold" rating on Thursday, August 6 by Zacks. $15.33's average target is 37.37% above currents $11.16 stock price. The institutional investors in our partner's database reported: 229.70 million shares, up from 223.13 million shares in 2017Q1.

Senate approves Buhari's $5.5bn foreign loan request
This Senate is known to be working together for the benefit of all Nigerians. An appropriation act is useless if it is not implemented.

Other news