Analyst Activity - Credit Suisse Group Reiterates Hold on Barrick Gold (NYSE:ABX)


Many analysts are providing their Estimated Earnings analysis for Barrick Gold Corporation and for the current quarter 17 analysts have projected that the stock could give an Average Earnings estimate of $0.21/share. The institutional investor held 2.11M shares of the precious metals company at the end of 2017Q3, valued at $34.01M, up from 1.21M at the end of the previous reported quarter.

Shares of Barrick Gold (NYSE:ABX) traded down $0.34 during mid-day trading on Thursday, reaching $14.28. The company's market cap is $17.16 Billion, and the average volume is $10.31 Million. Westpac Banking Corporation (NYSE:WBK) has risen 6.51% since January 18, 2017 and is uptrending. It has underperformed by 24.96% the S&P500.The move comes after 8 months negative chart setup for the $16.94B company. First Eagle Investment Management LLC boosted its holdings in shares of Barrick Gold by 1.6% in the 3rd quarter. Analyzing the last five market sessions, the stock was able to report 5.52% gains, thus going up by 17.87%, compared with its 200-day moving average of $3.59. Tocqueville Asset Management Lp acquired 17,400 shares as Gentex Corp. Aqr Capital Management Llc sold 534,432 shares as Dte Energy Co (DTE)'s stock rose 8.06%. Gentex Corp. now has $6.47 billion valuation. The regular trading started at $3.7 but as the trading progresses, the stock escalated, ending the session with a gain of 3.52%. It has outperformed by 2.91% the S&P500. During the same quarter in the previous year, the firm posted $0.24 EPS. analysts predict that Barrick Gold Corp will post 0.76 earnings per share for the current year. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company's stock. Therefore 33% are positive. TD Securities maintained the shares of ABX in report on Friday, June 23 with "Hold" rating.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, October 25th. Deutsche Bank has "Buy" rating and $12 target. The firm has "Buy" rating given on Thursday, December 1 by Buckingham Research. The company was maintained on Monday, October 30 by RBC Capital Markets. On Sunday, October 1 the stock rating was maintained by BMO Capital Markets with "Hold". The firm earned "Market Perform" rating on Thursday, July 6 by BMO Capital Markets. The rating was maintained by Jefferies with "Buy" on Friday, April 7. Jefferies Group reissued a "buy" rating and issued a $20.00 target price on shares of Barrick Gold in a research report on Thursday, September 21st.

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Shares of Barrick Gold (NYSE:ABX) opened at $14.56 on Wednesday. The difference between the expected and actual EPS was $-0.01/share, which represents an Earnings surprise of -5.9%. Desjardins also issued estimates for Barrick Gold's Q4 2017 earnings at $0.25 EPS. Virtu Financial LLC now owns 80,400 shares of the basic materials company's stock valued at $728,000 after buying an additional 51,908 shares during the period. It also upped Hyatt Hotels Corp (NYSE:H) stake by 226,057 shares and now owns 415,206 shares. Therefore 71% are positive. Omnicom had 40 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Gentex Corporation (NASDAQ:GNTX) has "Buy" rating given on Monday, November 13 by KeyBanc Capital Markets. The firm has "Neutral" rating given on Monday, August 17 by Sterne Agee CRT. The firm has "Buy" rating given on Monday, April 18 by Clarkson Platou. Flossbach Von Storch AG now owns 28,677,838 shares of the basic materials company's stock worth $461,427,000 after buying an additional 2,148,150 shares during the period. The firm earned "Buy" rating on Tuesday, March 15 by Argus Research. The company was maintained on Wednesday, July 29 by S&P Research. Firefish, Inc. (OTCMKTS:FRFS) has 0.00% since January 18, 2017 and is. It improved, as 56 investors sold OMC shares while 213 reduced holdings. Alliancebernstein L.P. now owns 718,431 shares of the basic materials company's stock worth $11,430,000 after purchasing an additional 74,363 shares during the period.

Hussman Strategic Advisors Inc decreased its stake in Barrick Gold Corp (ABX) by 28.57% based on its latest 2017Q3 regulatory filing with the SEC. It also reduced its holding in Vanda Pharmaceuticals Inc (NASDAQ:VNDA) by 47,600 shares in the quarter, leaving it with 4.16M shares, and cut its stake in Abiomed Inc (NASDAQ:ABMD). Nike Inc Npv Cls B Common Stock (NYSE:NKE) was reduced too.

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