according to RBC Capital Mkts Upgrade its coverage for Barrick Gold Corporation (ABX) in a note sent to investors on 16-Mar-17.
Barrick Gold Corporation (ABX) has 1.17 Billion shares outstanding and 1.16 Billion shares were floated in market.
Barrick Gold Corporation (ABX) plummeted -2.65 percent and ended the day at $19.08.
Barrick Gold Corporation (ABX) performance during the last one year Improved 36.5 percent, while its year to date (YTD) performance showed a Positive trend of 19.58 percent.
According to 24 analysts, Price Target for Barrick Gold Corporation (ABX) may hit a high of $28.89.
Kinross Gold Corporation (USA) (KGC) Rises on Asset Sale
as mentioned in Follow Kinross Gold Corp (NYSE:KGC) Follow Kinross Gold Corp (NYSE:KGC) Trade (NYSE:KGC) Now!
Of the 742 elite funds we track, 23 funds owned $457.65 million of Kinross Gold Corporation (USA) (NYSE:KGC) and accounted for 11.80% of the float on December 31, down from 26 funds and $633.5 million respectively on September 30.
In the long run, Kinross Gold Corporation (USA) (NYSE:KGC)’s fortunes still depend on where gold prices go, and given that the Federal Reserve has implied only two more interest rate hikes in 2017, there is potential for the yellow metal to show more upside.
According to our data, some smart money funds left Kinross in the fourth quarter but the collective ownership remained strong.
In addition, Goldcorp, the buyer of both assets, has agreed to assume a $20 million payment obligation due to Barrick Gold under the existing Cerro Casale shareholders agreement.
as mentioned in Barrick Gold Corporation (ABX) belongs to the Basic Materials sector with an industry focus on Gold, with Mr. John Lawson Thornton as Non-Independent Exec.
Currently the P/E of Barrick Gold Corporation stands at 33.95.
Key Statistics:The stock subtracted in the prior trading session by -2.65%, closing at the stock price of $19.08.
Currently, the market capitalization of Barrick Gold Corporation (ABX) is 22.7 Billion.
Future Expectations:The target price for Barrick Gold Corporation (ABX) is $20.76/share according to the consensus of analysts working on the stock, with an expected EPS of $0.2/share for the current quarter.
collected by :Irax John