How Analysts Feel About Barrick Gold Corporation (USA) After Today’s Bearish Options Activity?

 How Analysts Feel About Barrick Gold Corporation (USA) After Today's Bearish Options Activity?

In today’s session Barrick Gold Corporation (USA) (ABX) recorded an unusually high (1,677) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious ABX decrease. With 1,677 contracts traded and 404 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: ABX170421P00010000 closed last at: $0.24 or 4% down. About 5.12M shares traded hands. Barrick Gold Corporation (USA) (NYSE:ABX) has risen 14.78% since March 14, 2016 and is uptrending. It has outperformed by 9.16% the S&P500.

Analysts await Barrick Gold Corporation (USA) (NYSE:ABX) to report earnings on October, 26. They expect $0.21 earnings per share, up 90.91% or $0.10 from last year’s $0.11 per share. ABX’s profit will be $239.83 million for 19.02 P/E if the $0.21 EPS becomes a reality. After $0.14 actual earnings per share reported by Barrick Gold Corporation (USA) for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Barrick Gold Corporation (USA) (NYSE:ABX) Ratings Coverage

Out of 22 analysts covering Barrick Gold Corp. (NYSE:ABX), 11 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 50% are positive. Barrick Gold Corp. has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Wednesday, August 12 by JP Morgan. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) has “Buy” rating given on Wednesday, October 5 by Goldman Sachs. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) earned “Outperform” rating by IBC on Monday, June 27. Deutsche Bank downgraded the shares of ABX in a report on Wednesday, March 23 to “Hold” rating. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 13. IBC initiated the shares of ABX in a report on Friday, July 24 with “Sector Perform” rating. The firm has “Equal Weight” rating by Barclays Capital given on Friday, August 7. HSBC maintained Barrick Gold Corporation (USA) (NYSE:ABX) rating on Tuesday, September 8. HSBC has “Buy” rating and $9.90 price target. Sterne Agee CRT upgraded the stock to “Buy” rating in Friday, January 8 report. The firm has “Sell” rating by Berenberg given on Wednesday, September 7.

According to Zacks Investment Research, “Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America.”

Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a market cap of $18.25 billion. The Firm produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. It currently has negative earnings. Barricks’ divisions include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

ABX Company Profile

Barrick Gold Corporation (Barrick), incorporated on March 10, 1995, is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Firm produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. The Company’s divisions include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc (Acacia), Lumwana, Zaldivar and Pascua-Lama Project.

More notable recent Barrick Gold Corporation (USA) (NYSE:ABX) news were published by: Investorplace.com which released: “Trade of the Day: Barrick Gold Corporation (USA) (NYSE:ABX)” on October 10, 2016, also Investorplace.com with their article: “Barrick Gold Corporation (USA) (ABX)” published on August 24, 2016, Investorplace.com published: “Trade of the Day: Barrick Gold Corporation (USA) (ABX) Ripe for a Drop” on October 05, 2016. More interesting news about Barrick Gold Corporation (USA) (NYSE:ABX) were released by: Investorplace.com and their article: “Barrick Gold Corporation (USA): 3 Pros, 3 Cons of ABX Stock” published on September 08, 2016 as well as Schaeffersresearch.com‘s news article titled: “The $1.3M Bet Against Barrick Gold Corporation (USA) (ABX)” with publication date: August 04, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment