Brokers Offer Predictions for Barrick Gold Corp’s FY2017 Earnings (ABX)
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for shares of Barrick Gold Corp in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the company will post earnings of $1.15 per share for the year, down from their prior forecast of $1.21. Jefferies Group also issued estimates for Barrick Gold Corp’s FY2018 earnings at $1.26 EPS and FY2019 earnings at $1.23 EPS.
A number of other brokerages have also recently weighed in on ABX. Scotiabank reiterated a “sector perform” rating and set a C$30.00 price target on shares of Barrick Gold Corp in a research note on Friday, April 7th. TD Securities increased their price target on shares of Barrick Gold Corp from C$18.00 to C$20.00 and gave the stock a “hold” rating in a research note on Friday, February 24th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barrick Gold Corp in a research note on Monday, April 24th. Canaccord Genuity increased their price target on shares of Barrick Gold Corp from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, March 29th. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Barrick Gold Corp in a research note on Wednesday, May 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$26.86.
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Barrick Gold Corp (TSE:ABX) opened at 21.59 on Monday. Barrick Gold Corp has a 52-week low of $18.52 and a 52-week high of $30.44. The company’s 50-day moving average is $22.41 and its 200-day moving average is $23.36. The firm has a market capitalization of $25.17 billion and a P/E ratio of 17.84.
In other news, Director John Lawson Thornton bought 26,750 shares of Barrick Gold Corp stock in a transaction dated Thursday, March 16th. The stock was bought at an average price of C$19.01 per share, for a total transaction of C$508,517.50.
About Barrick Gold Corp
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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