Raymond James Financial Weighs in on Barrick Gold Corp.’s Q3 2016 Earnings (ABX)

Barrick Gold Corp. (TSE:ABX) – Equities research analysts at Raymond James Financial lifted their Q3 2016 EPS estimates for shares of Barrick Gold Corp. in a research note issued on Thursday. Raymond James Financial analyst P. Russo now anticipates that the firm will earn $0.29 per share for the quarter, up from their previous forecast of $0.20. Raymond James Financial also issued estimates for Barrick Gold Corp.’s FY2016 earnings at $0.73 EPS.

Earnings History and Estimates for Barrick Gold Corp. (TSE:ABX)

ABX has been the subject of several other reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Barrick Gold Corp. in a research note on Friday, September 2nd. Canaccord Genuity increased their price objective on Barrick Gold Corp. from C$26.00 to C$33.00 in a research note on Tuesday, July 12th. Finally, TD Securities reissued a “buy” rating and issued a C$26.00 price objective on shares of Barrick Gold Corp. in a research note on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Barrick Gold Corp. presently has an average rating of “Buy” and a consensus target price of C$22.44.

Barrick Gold Corp. (TSE:ABX) opened at 23.20 on Monday. The firm has a 50-day moving average price of $24.65 and a 200 day moving average price of $23.89. Barrick Gold Corp. has a one year low of $8.10 and a one year high of $30.45. The firm’s market capitalization is $27.04 billion.

Barrick Gold Corp. Company Profile

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

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