Barrick Gold Corp (NYSE: ABX)‘s stock had its “hold” rating reaffirmed by TheStreet in a research note issued on Wednesday.
The analysts wrote, “Barrick Gold Corporation (ABX) has been reiterated by TheStreet Ratings as a hold with a ratings score of C- . The company’s strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity.”
A number of other analysts have also recently weighed in on ABX. Analysts at Barclays Capital cut their price target on shares of Barrick Gold Corp from $44.00 to $43.00 in a research note to investors on Tuesday, March 5th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks downgraded shares of Barrick Gold Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, February 28th. They now have a $28.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Barrick Gold Corp currently has a consensus rating of “Hold” and a consensus price target of $43.91.
Barrick Gold Corp (NYSE: ABX) traded up 1.53% on Wednesday, hitting $29.26. Barrick Gold Corp has a 1-year low of $28.31 and a 1-year high of $44.50. The stock’s 50-day moving average is currently $30.. The company’s market cap is $29.292 billion.
Barrick Gold Corp (NYSE: ABX) last released its earnings data on Thursday, February 14th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.05. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the company posted $1.17 earnings per share. Barrick Gold Corp’s revenue was up 11.4% compared to the same quarter last year. Analysts expect that Barrick Gold Corp will post $4.16 EPS for the current fiscal year.
Barrick Gold Corporation (NYSE: ABX) is engaged in the production and sale of gold, as well as related activities.
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