Chinese company buys half of Argentine mine from Barrick
- Author: Eleanor Harrison Apr 08, 2017,
Apr 08, 2017, 6:41
A total of 19 analysts have released a research note on ABX. 3,465,288 shares of the stock were exchanged. Barrick Gold reported that it has entered into a strategic cooperation contract with Shandong Gold Group Co.
On Dec 16 Barrick Gold Corporation (NYSE:ABX) reported its EPS in the last quarter as $0.22/Share beating the analyst estimate of $0.2/Share by the difference of $0.02. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock is presently trading up its SMA-50 of $68.58.
Now the shares of Barrick Gold Corporation (ABX) has a trading volume of 7.3 Million shares, with an average trading volume of 8.3 Million shares - with shares dropping to a 52 week low of $13.81 on Dec 15, 2016, and the company's shares hitting a 52 week high on Jul 6, 2016 of $23.47.
Another critical number in evaluating a stock is P/E or the price to earnings ratio. Company's distance from 20 day simple moving average is 1.70% and distance from 50-Day simple moving average is 1.88%.
Barrick Gold Corp (TSE:ABX) traded down 0.93% on Friday, reaching $25.63. If you are accessing this report on another domain, it was stolen and republished in violation of US & worldwide trademark and copyright laws. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/barrick-gold-corp-abx-downgraded-by-vetr-inc/577219.html. Also, insider Mark Francis Hill bought 9,453 shares of the company's stock in a transaction that occurred on Wednesday, March 1st. Shareholders of record on Tuesday, February 28th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, February 24th. This is a positive change from Barrick Gold Corp's previous quarterly dividend of $0.02.
The stock now has its Annual Dividend of $0.12 and an annual Dividend Yield of 0.62 Percent. Barrick Gold Corp's dividend payout ratio (DPR) is -3.90%. Majedie Asset Management Ltd now owns 10,811,567 shares of the company's stock valued at $191,581,000 after buying an additional 6,736,764 shares during the period.
Barrick Gold Corporation (NYSE:ABX) is expected to post revenue of $2.16 Billion in the current quarter, according to consensus of 7 analysts.
Shares of Welltower Inc (NYSE:HCN) inclined 0.41% to $71.58. Alpha One also gave press coverage about Barrick Gold Corp an impact score of 67 out of 100, meaning that recent media coverage is likely to have an effect on the company's share price in the near term. The stock appeared -17.53% below its 52-week highs and is up 2.34% for the last five trades. Finally, Two Sigma Advisers LP boosted its stake in Barrick Gold Corp by 589.6% in the third quarter.
The company is expected to report earnings of $0.2 a share for the next quarter.