Research Analysts Issue Forecasts for Barrick Gold Corp’s FY2017 Earnings (TSE:ABX)

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities researchers at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for Barrick Gold in a research note issued to investors on Friday, according to Zacks Investment Research. Jefferies Group analyst C. Lafemina now forecasts that the company will earn $0.99 per share for the year, down from their previous forecast of $1.01.

Several other brokerages have also recently issued reports on ABX. BMO Capital Markets reissued a “market perform” rating and issued a C$18.00 price objective on shares of Barrick Gold in a report on Friday, October 13th. CSFB decreased their price objective on Barrick Gold to C$24.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Canaccord Genuity decreased their price objective on Barrick Gold from C$30.00 to C$27.50 in a report on Friday, September 29th. Royal Bank of Canada lowered Barrick Gold from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Finally, TD Securities cut their price target on Barrick Gold to C$22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$22.83.

Barrick Gold (TSE:ABX) opened at C$18.88 on Monday. The stock has a market capitalization of $22,020.00, a PE ratio of 8.07 and a beta of -0.88. Barrick Gold has a fifty-two week low of C$17.07 and a fifty-two week high of C$27.19.

In other news, Director Kelvin Paul Michael Dushnisky acquired 56,733 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of C$17.97 per share, for a total transaction of C$1,019,492.01. Also, Director Pablo Marcet acquired 2,500 shares of the business’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of C$14.10 per share, with a total value of C$35,250.00. In the last 90 days, insiders purchased 91,535 shares of company stock valued at $1,617,559.

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About Barrick Gold

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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

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