Barrick Gold Corp Earnings Decline 33% In Q3

Barrick Gold shares have fallen slightly more than 1 percent since the beginning of the year. Finally, Koch Industries Inc. acquired a new stake in shares of Barrick Gold Corporation during the 2nd quarter worth $268,000.

TRADEMARK VIOLATION WARNING: "African Barrick Gold Ltd (ABGLF) Stock Rating Lowered by Zacks Investment Research" was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. The firm's market capitalization is $19.66 billion. (The) reaffirmed a "buy" rating and set a $27.00 price objective on shares of Barrick Gold Corporation in a report on Wednesday, October 5th. Jefferies Group LLC set a $20.00 target price on Barrick Gold Corporation and gave the company a "buy" rating in a report on Tuesday, August 15th. Analysts' estimates typically exclude special items. Credit Suisse Group downgraded Barrick Gold Corporation from an "outperform" rating to a "hold" rating and set a $19.00 price target on the stock.in a report on Thursday. ABX has diverse figures for different time frames; starting from week's performance dropped -2.60% in last five regular trading sessions.

Barrick Gold Corporation's Average Earnings Estimate for the current quarter is $0.22, according to consensus of 14 analysts. The shares price has positioned -2.40% down over the past quarter while it has directed -6.54% toward a falling position throughout past six months. During the same period in the prior year, the firm earned $0.11 EPS. BidaskClub upgraded Barrick Gold Corporation from a "sell" rating to a "hold" rating in a report on Monday, July 31st.

Barrick announced last week that it had thrashed out a settlement to the increasingly bitter row between 64%-owned subsidiary Acacia and the Tanzanians.


Barrick Gold Corporation (ABX) analysts on average have given a price target of $6.96 on ABX stock. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Barrick Gold Corporation in a report on Thursday, September 7th.

Barrick last week said it reached a framework deal to end a months-long dispute between Acacia and the Tanzanian government, which included the government getting a $300 million payment from Acacia toward outstanding tax claims and 16-percent stake in Acacia's three in-country gold mines. Currently, the stock has a consensus analyst rating of 3.5. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development.

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