Barrick Gold Corp Rating Reiterated by TheStreet (ABX)
Barrick Gold Corp (NYSE: ABX)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a report issued on Monday.
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.”
Shares of Barrick Gold Corp (NYSE: ABX) opened at 28.62 on Monday. Barrick Gold Corp has a 52 week low of $28.31 and a 52 week high of $44.87. The stock’s 50-day moving average is currently $30.92. The company’s market cap is $28.652 billion.
Barrick Gold Corp (NYSE: ABX) last announced its earnings results on Thursday, February 14th. The company reported $1.11 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Barrick Gold Corp will post $4.16 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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.
Thirteen research analysts have rated the stock with a buy rating, two have assigned an overweight rating, and fifteen have assigned a hold rating to the company’s stock. The stock presently has an average rating of “overweight” and a consensus target price of $44.49.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities.
To view TheStreet’s full report, visit www.thestreetratings.com
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