Buy, Sell and Hold Suggestions for Barrick Gold Corporation (ABX)

What Do Barrick Gold’s Recent Rating Changes Mean for Investors

Buy, Sell and Hold Suggestions for Barrick Gold Corporation (ABX)

The hedge fund run by Benjamin A. Smith held 1.65M shares of the precious metals company at the end of 2016Q4, valued at $26.33 million, up from 1.24M at the end of the previous reported quarter. Since the open, shares have moved 0.85% after recently hitting the $21.44 mark. About 4.04M shares traded. Narrowing in, the stock is at a distance of -5.67% from the 50 day high and 13.51% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Barrick Gold Corporation (NYSE:ABX). It has underperformed by 24.96% the S&P500.

Lipe & Dalton decreased its stake in Medtronic Plc (MDT) by 60.99% based on its latest 2016Q4 regulatory filing with the SEC. Given that its average daily volume over the 30 days has been 10.55 million shares a day, this signifies a pretty significant change over the norm. The value of the company's investment in Barrick Gold Corporation decreased from $332,242,000 to $300,001,000 decreasing 9.7% since the last quarter. The company had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.03 billion. The stock increased 0.93% or $0.16 on September 15, reaching $17.3. Wetherby Asset Management Inc. increased its stake in Barrick Gold Corporation by 16.8% in the 1st quarter. Hyatt Hotels Corporation (NYSE:H) has risen 27.49% since September 16, 2016 and is uptrending. It has underperformed by 12.66% the S&P500. Deutsche Bank maintained the stock with "Hold" rating in Friday, July 29 report. Therefore 71% are positive.

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Due to the recent buoyancy in gold prices (GLD), Barrick's stock has gained positively, Its peers Yamana Gold (AUY), Newmont Mining (NEM), and Goldcorp (GG) have also seen gains in their stock prices recently. The stock's 50-day moving average price is $18.17 and its 200-day moving average price is $17.31. Credit Suisse Group restated a "buy" rating and set a $23.00 target price on shares of Barrick Gold Corporation in a research note on Wednesday, February 15th.

While it's important to look at analyst ratings, recent changes to recommendations and target prices provide insight into the latest changes in the market sentiment for a stock. On Thursday, May 25 the stock rating was maintained by TD Securities with "Hold". The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 8.56 and a beta of -0.29. Societe Generale upgraded Axa SA (EPA:CS) on Wednesday, September 7 to "Buy" rating. On Friday, September 18 the stock rating was maintained by RBC Capital Markets with "Sector Perform". (NYSE:KR) puts the stock on today's active list. More interesting news about Barrick Gold Corp (USA) (NYSE:ABX) were released by: Fool.ca and their article: "Have You Considered Barrick Gold Corp". The ex-dividend date of this dividend is Friday, February 24th.

Royal Bank Scotland PLC (The) (RBS) Receives News Sentiment Rating of 0.12
With a total market value of $0, Royal Bank of Scotland Group PLC has with a one year low of $4.18 and a one year high of $7.06. J P Morgan Chase & Co's price objective points to a potential downside of 13.37% from the stock's previous close.

Mason Capital Management Llc, which manages about $13.63 billion and $1.90 billion US Long portfolio, upped its stake in Media General Inc (NYSE:MEG) by 1.11M shares to 3.18 million shares, valued at $59.80M in 2016Q4, according to the filing. It also reduced its holding in Microsoft Corp (Call) (NASDAQ:MSFT) by 8,500 shares in the quarter, leaving it with 469,800 shares, and cut its stake in Aercap Holdings Nv (NYSE:AER).

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on October, 19. They expect $0.18 earnings per share, down 25.00% or $0.06 from last year's $0.24 per share. ABX's profit will be $210.28M for 24.03 P/E if the $0.18 EPS becomes a reality. After $0.14 actual EPS reported by Amkor Technology, Inc. for the previous quarter, Wall Street now forecasts 35.71% EPS growth.

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Among 5 analysts covering Interoil Corporation (NYSE:IOC), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 14% are positive. Medtronic had 61 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was downgraded by Mackie to "Sell" on Monday, June 20. Canaccord Genuity upgraded the shares of ABX in report on Friday, July 31 to "Sell" rating. Citizens And Northern holds 0.47% or 8,019 shares. The rating was maintained by Jefferies on Friday, June 16 with "Hold". As per Wednesday, March 23, the company rating was downgraded by Deutsche Bank. The stock has "Outperform" rating by RBC Capital Markets on Tuesday, October 11.

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