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Main » Brokerages Set Barrick Gold Corp (ABX) Price Target at $20.03

Brokerages Set Barrick Gold Corp (ABX) Price Target at $20.03

31 October 2017

As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. About 3,866 shares traded.

Barrick Gold Corporation is a gold mining company. The stock rose 0.07% or $0.01 reaching $14.69. About shares traded. Microsemi Corporation (MSCC) has risen 52.60% since October 30, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Check Capital Management Inc decreased its stake in Phillips 66 (PSX) by 2.71% based on its latest 2017Q2 regulatory filing with the SEC. The company has a market cap of $17.12 billion, a PE ratio of 7.27 and a beta of -0.34. Its up 6.07% from 2.86M shares previously. The stock plunged -13.19 percent over the past quarter, while declined -10.27 percent over the past six months.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.03, from 0.82 in 2017Q1. It improved, as 40 investors sold D shares while 298 reduced holdings. 87 funds opened positions while 281 raised stakes. Lyon Street Cap Ltd holds 351,707 shares. Earnings per share serves as an indicator of a company's profitability. Moreover, Rodgers Brothers has 0.2% invested in Dominion Energy Inc (NYSE:D). Goldman Sachs Gru holds 0% in Carbonite Inc (NASDAQ:CARB) or 11,395 shares. Highland Cap Mgmt Limited Company reported 0.26% in Phillips 66 (NYSE:PSX). This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. On the other end, a stock with a score from 0-2 would be viewed as weak. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Dodge Cox reported 0% in Phillips 66 (NYSE:PSX). Ipswich Investment Management Com Inc reported 0.14% of its portfolio in Phillips 66 (NYSE:PSX). Deutsche Bank has "Hold" rating and $14.50 target. Dominion Midstream had 28 analyst reports since July 23, 2015 according to SRatingsIntel. The ex-dividend date is Wednesday, November 29th. The firm has "Hold" rating by Jefferies given on Thursday, June 1. Also, Director Barry C. Honig acquired 18,795 shares of the company's stock in a transaction on Monday, October 16th.

Shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) have earned a consensus rating of "Hold" from the eighteen research firms that are presently covering the company, MarketBeat reports. The firm earned "Buy" rating on Monday, April 3 by BMO Capital Markets. RBC Capital Markets has "Hold" rating and $8700 target. The firm has "Buy" rating given on Friday, July 14 by Jefferies. Dubuque Bank & Trust Co. purchased a new stake in shares of Barrick Gold Corp. during the second quarter valued at $141,000. Crossmark Global Holdings Inc. purchased a new position in shares of Barrick Gold Corporation during the 3rd quarter valued at about $1,374,000.

Turning to Return on Assets or ROA, Barrick Gold Corp (ABX.TO) has a current ROA of 2.46. According to their observations and findings, the stock could provide a high EPS of $0.25/share and a low EPS of $0.18/share. Finally, Majedie Asset Management Ltd boosted its position in shares of Barrick Gold Corporation by 7.8% during the 2nd quarter.

Vetr upgraded shares of Barrick Gold Corp. from a "buy" rating to a "strong-buy" rating and set a $23.66 target price for the company in a report on Wednesday, July 20th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Therefore 50% are positive. According to today's trading volume Barrick Gold Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since October 30, 2016 and is downtrending. Barclays Capital downgraded the stock to "Equal Weight" rating in Friday, August 7 report. Jefferies maintained the stock with "Buy" rating in Tuesday, August 15 report. The firm has "Neutral" rating by UBS given on Friday, January 29. As per Tuesday, February 16, the company rating was initiated by Clarkson Capital.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The rating was upgraded by IBC on Monday, June 27 to "Outperform".