Canaccord Genuity Lowers Barrick Gold (TSE:ABX) Price Target to C$17.00

Irving Hamilton
August 13, 2018

Barrick Gold Corporation (ABX) stock finished at 1.20% and recent share price is observed at $10.92. About 11.32 million shares traded or 18.54% up from the average. Volume is an important indicator in technical analysis as it is used to measure the relative worth of a market move. Floating shares were 1163.45 million in the market and outstanding shares were 1167 million. Along with these its last twelve month performance is stands at -33.82% while moved -18.45% for the past six months. Looking further out we can see that the stock has moved -24.53% over the year to date.

The stock exposed change of 5.03% in recent week and it showed performance of 2.00% for the month. Hedge funds and other institutional investors own 52.96% of the company's stock. The Barrick Gold Corporation has shown a five days performance of -18.57% and thirty days performance stands at -18.02%.

The RSI is most typically used on a 14-day timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and 30, respectively. The stock price disclosed 2.51% volatility in past month and identified 2.79% volatility for the past week. Volatility is a statistical measure of the dispersion of returns for a given security or market index. A rating of a 1 or a 2 would signify a mean Buy view. At the end of the day, it's only a stock's performance that matters. Return on Equity (ROE) is -2.80% and Return on Investment (ROI) is 11.10%. Comparatively, the company has a Gross margin 10.7%. Net Profit measures how much out of every dollar of sales a company actually keeps in earnings.

Among 4 analysts covering QVC Group (NASDAQ:QVCA), 3 have Buy rating, 0 Sell and 1 Hold. As a result, the company has an EPS growth of 0% for the approaching year. The business's revenue for the quarter was down 20.7% compared to the same quarter a year ago. The basic materials company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by ($0.05). It is usually expressed as a percentage and is then referred to as the EPS growth rate. EPS serves as an indicator of a company's profitability and is generally considered to be the single most important variable in determining a share's price. Forward P/E is standing at 15.94. Some Historical ES News: 28/04/2018 - Connecticut Water Issues Statement Regarding Eversource Energy's Intention to Launch Distracting Proxy Contest; 19/04/2018 - Power Utility Eversource Looking to Double Down on Its Water Bet; 28/04/2018 - WCAX TV3: Eversource: Filing "fully addresses" Northern Pass criticism; 19/04/2018 - Connecticut Water Service: Concluded That Eversource's Offer Is Not a Superior Proposal; 03/05/2018 - Linda Forry Named Eversource Trustee; 06/04/2018 - EVERSOURCE SAYS NO SIGN PERSONAL CUSTOMER INFO COMPROMISED; 27/04/2018 - EVERSOURCE ENERGY - FILED PRELIMINARY PROXY TO URGE CONNECTICUT WATER SERVICE SHAREHOLDERS TO VOTE "AGAINST" SJW GROUP MERGER PROPOSAL, OTHERS; 19/04/2018 - CONNECTICUT WATER SERVICE - BOARD CONTINUES TO UNANIMOUSLY BELIEVE THAT MERGER WITH SJW GROUP IS IN BEST INTEREST OF ALL CONNECTICUT WATER SHAREHOLDERS; 02/05/2018 - Eversource Energy 1Q EPS 85c; 24/04/2018 - S&P REVISES ENERGYSOLUTIONS INC. The stock increased 2.76% or $0.75 during the last trading session, reaching $27.93. The stock therefore has below average level of market risk. A Beta component of the stock stands at 0.32. This company shares are 34.9% off its target price of $14.65 and the current market capitalization stands at $12.67B. The Company has market Cap of $867782.4M. Leading up to this report, we have seen a 10.05% rise in the stock price over the last 30 days and a 3.11% increase over the past 3 months. YEAR TO DATE performance was at 19.74%. JPMorgan Chase & Co. decreased their price objective on shares of Barrick Gold from $19.00 to $15.50 and set a neutral rating for the company in a research report on Wednesday, March 28th. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 0.51. Barrick was recently said to be the undisclosed gold miner cited by Paulson & interested in potentially buying Detour.

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DIS's current statistics gauge that the stock candle is BEARISH with HIGH volatility. ATR value of 0.32 measure stock volatility.

Argentina's Veladero mine, in which ABX has a jointventure partnership with China's Shandong Gold, is a strategic asset that is close to being Tier 1, Thornton said. Beta factor was noted at 1.13.

The Company expected to achieve EPS growth for this year with 7.40% and estimated to reach at 21.05% EPS growth for next year. EPS growth for past five years was at 11.50% while expectation for the next 5-years, earning per share will grow at 18.09%. The Tower Research Capital Llc Trc holds 694 shares with $9,000 value, down from 78,695 last quarter.

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