Barrick Gold Corporation's quarterly revenue was down 15.8% compared to the same quarter last year. analysts anticipate that Barrick Gold Corporation will post 0.75 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Finally, Zacks Investment Research upgraded shares of Barrick Gold Corporation from a sell rating to a hold rating in a research report on Friday, July 21st. Majedie Asset Management Ltd increased its position in shares of Barrick Gold Corporation by 7.8% in the second quarter. Franklin Resources Inc. increased its position in shares of Barrick Gold Corporation by 41.7% in the second quarter. The value of the investment in Barrick Gold Corp decreased from $27,531,000 to $26,549,000 a change of $982,000 quarter over quarter. Oppenheimerfunds, Inc. now owns 1,650,000 shares valued at $26,549,000.
Rothschild Investment Corp increased Barrick Gold Corp (ABX) stake by 148.56% reported in 2017Q2 SEC filing. Majedie Asset Management Ltd now owns 18,856,140 shares of the basic materials company's stock worth $300,001,000 after purchasing an additional 1,360,514 shares during the period. Flossbach Von Storch AG increased its position in Barrick Gold Corporation by 104.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 110,707 shares of the company's stock valued at $1,503,000 after buying an additional 43,132 shares in the last quarter. More interesting news about Barrick Gold Corp (USA) (NYSE:ABX) were released by: Fool.ca and their article: "Barrick Gold Corp". Barrick Gold Corp. had 77 analyst reports since August 6, 2015 according to SRatingsIntel. As of today, the company has a SMA200 (200-day simple moving average) of -18.69 Percent. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $2.02 billion.
Barrick Gold Corporation (NYSE:ABX) gross margin percentage stands at 39.9% while its operating margin for the past trailing twelve month is 53 percent and its overall profit margin (ttm) is 25.7 Percent. (NYSE:ABX) last posted its earnings results on Wednesday, October 26th. In the last earnings report the EPS was $1.87 with 1.17B shares presently outstanding. Barrick Gold Corporation's dividend payout ratio (DPR) is now 6.45%. Currently, Barrick Gold Corporation (NYSE:ABX) has an average volume of 9.14 Million.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. This represents a $0.15 annualized dividend and a yield of 0.84%. Stock Plunges 7%: "Here's What You Should Do" published on October 27, 2017 as well as Fool.ca's news article titled: "Barrick Gold Corp.: "New Uncertainty Heading Into Earnings" with publication date: "October 24, 2017. Raymond James maintained the shares of ABX in report on Thursday, June 15 with "Market Perform" rating.
On October 30 analysts at Royal Bank Of Canada updated coverage of ABX with a rating of "Buy" and setting a price target of $21.00. Credit Suisse Group reissued a "buy" rating and set a $22.00 price target on shares of Barrick Gold Corporation in a research note on Sunday, September 24th. BidaskClub upgraded shares of Barrick Gold Corporation from a sell rating to a hold rating in a research report on Monday, July 31st. Canaccord Genuity downgraded the shares of ABX in report on Tuesday, May 3 to "Hold" rating. October 24 investment analysts at Berenberg Bank maintained a "Hold" rating on the company. Barrick Gold Corp. has an average rating of "Buy" and an average target price of $21.53.