Trade Report: The Research Analysts Issue Forecasts for Barrick Gold Corp.’s FY2016 Earnings (ABX)

The Research Analysts Issue Forecasts for Barrick Gold Corp.’s FY2016 Earnings (ABX)

Barrick Gold Corp. (TSE:ABX) – Investment analysts at Cormark lifted their FY2016 earnings per share (EPS) estimates for shares of Barrick Gold Corp. in a report released on Friday. Cormark analyst R. Gray now forecasts that the firm will earn $0.93 per share for the year, up from their previous forecast of $0.81. Cormark also issued estimates for Barrick Gold Corp.’s Q4 2016 earnings at $0.29 EPS, Q1 2017 earnings at $0.29 EPS, Q2 2017 earnings at $0.29 EPS, Q3 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.29 EPS and FY2017 earnings at $1.17 EPS.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity increased their price target on shares of Barrick Gold Corp. from C$26.00 to C$33.00 in a research report on Tuesday, July 12th. TD Securities reaffirmed a “buy” rating and set a C$26.00 price objective on shares of Barrick Gold Corp. in a report on Wednesday, August 10th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Barrick Gold Corp. in a report on Wednesday, October 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Barrick Gold Corp. in a report on Tuesday, October 25th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$21.81.

Shares of Barrick Gold Corp. (TSE:ABX) opened at 22.89 on Monday. The company’s 50 day moving average is $22.41 and its 200 day moving average is $24.33. Barrick Gold Corp. has a one year low of $9.18 and a one year high of $30.44. The company’s market capitalization is $26.68 billion.

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