Mackie Research Boosts Rating On Barrick Gold Corporation (ABX)

Xavier Trudeau
Juin 18, 2017

Barrick Gold Corp (USA) (NYSE:ABX) stock reached a 1-year peak price of $23.47. The Nwq Investment Management Company Llc holds 1.44 million shares with $51.39 million value, up from 1.27 million last quarter. Glassman Wealth Services' holdings in Barrick Gold Corporation were worth $118,000 as of its most recent SEC filing.

Analysts reviewing Barrick Gold Corporation have recently updated their recommended buy/sell ratings and price targets on the stock. The Company's Market capitalization is $239.04 billion with the total Outstanding Shares of 6.15billion. It has underperformed by 24.96% the S&P500.

Lmr Partners Llp increased Ntt (NTT) stake by 67.89% reported in 2016Q4 SEC filing. Patton Cynthia M sold $451,164 worth of stock or 2,922 shares. The hedge fund held 1.95M shares of the precious metals company at the end of 2016Q4, valued at $31.17 million, down from 2.86 million at the end of the previous reported quarter. Hilton Worldwide Hldgs Inc now has $22.03 billion valuation. Lmr Partners Llp acquired 66,800 shares as Ntt (NTT)'s stock 0.00%. About 116,502 shares traded.

On 14 June 2017, Infosys Limited (NYSE:INFY) shares moved to $15.17 after starting the day at $15.21. It has outperformed by 22.72% the S&P500. Barrick Gold Corp has a one year low of $18.52 and a one year high of $30.44. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company's stock. Therefore 53% are positive. Analysts reported that the Price Target for Barrick Gold Corporation might touch $27.2 high while the Average Price Target and Low price Target is $20.82 and $15 respectively.

The company's consensus rating on Reuter's scale remained unchanged from 1.75 to 1.75 during a month. BidaskClub downgraded shares of Barrick Gold Corporation from a "hold" rating to a "sell" rating in a research note on Friday. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned "Sector Perform" rating by IBC on Friday, July 24. On Monday, October 31 the stock rating was upgraded by Mackie to "Hold". JP Morgan maintained Barrick Gold Corp (USA) (NYSE:ABX) on Tuesday, March 15 with "Neutral" rating. The firm earned "Neutral" rating on Wednesday, September 28 by Citigroup. The firm has "Equal-Weight" rating given on Tuesday, August 9 by Morgan Stanley.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Monday, April 24th. They expect $0.24 EPS, up 71.43% or $0.10 from last year's $0.14 per share. Equities analysts forecast that Barrick Gold Corporation will post $0.73 earnings per share for the current fiscal year.

Among 29 analysts covering Macy's Inc. FFIV's profit will be $102.52 million for 20.34 P/E if the $1.59 EPS becomes a reality. For the quarter, shares have been noted at -4.32%. It also upped Paramount Group Inc stake by 842,794 shares and now owns 11.33 million shares. Macerich Co/The (NYSE:MAC) was reduced too. Therefore 50% are positive. Amgen Inc. had 34 analyst reports since August 3, 2015 according to SRatingsIntel. RBC Capital Markets maintained Barrick Gold Corp (USA) (NYSE:ABX) rating on Thursday, May 25. The rating was upgraded by Argus Research on Tuesday, March 15 to "Buy". Goldman Sachs downgraded Macy's Inc (NYSE:M) rating on Friday, December 4. The firm has "Outperform" rating by FBR Capital given on Thursday, February 16. Bank of America downgraded the stock to "Neutral" rating in Thursday, May 19 report.

Investors sentiment increased to 0.93 in Q4 2016. Its down 0.17, from 1.26 in 2016Q3. 43 funds opened positions while 78 raised stakes. Over the last five days, shares have faced -5.57% losses and now is down -7.83% since hitting its 200-day moving average of $17.47. Perkins Investment Mngmt Llc holds 0.45% or 241,265 shares in its portfolio. Growth in EPS is an important measure of administration performance because it shows how much money the company is making for its shareholders, not only because of changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). Blackrock Japan Commerce reported 734,362 shares or 0.07% of all its holdings. Pinnacle Wealth Management Advisory Gru Limited Liability holds 0.35% in Amgen, Inc. The target implies a 17.17% spike from where the shares are now trading. Earnest Partners Ltd Co owns 357 shares.

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