Barrick Gold is now covered by analysts at CIBC. LifeLock, Inc. (LOCK)’S monthly performance stands at -52.090% with an analyst rating of 1.6. They now have a “neutral” rating on the stock. They have a buy rating on that stock.
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7/16/2015 – Barrick Gold had its “sell” rating reaffirmed by analysts at Barclays. The current year EPS estimate on the stock is 0.48 and the EPS estimate for next year sits at 0.73. 11 analysts have rated the company at hold. Sales fell by double-digits, and missed expectations. Agnico’s Meadowbank mine in Canada and 50%-owned Canadian Malartic mine are ramping up production helping it to raise 2015 output guidance to 1.6 million ounces. Weak gold pricing and a challenging operating environment are concerns for Barrick, along with the limited supply of gold as new deposits. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. However, the company has a healthy cash flow profile, enabling it to invest in attractive expansion opportunities.
The Johannesburg-based company’s output in the country was already down 18% in its first quarter even as costs rose 12% despite a fall in the value of the rand against the US dollar. On August 13, 2014 The shares registered one year high of $19.36 and one year low was seen on July 20, 2015 at $7.38.
6/25/2015 – Barrick Gold had its “neutral” rating reaffirmed by analysts at Credit Suisse.
6/22/2015 – Barrick Gold had its “hold” rating reaffirmed by analysts at Deutsche Bank. The consensus price target is $13.46, implying potential upside of around 72%.
“Some of the geo-financial and geopolitical aspects that would help gold are not playing out”, said Martin Murenbeeld, chief economist at Dundee Capital Markets. This is the consensus mean from the analysts who have issued ratings on the stock within the past year. Also, Citigroup Inc. reiterated its buy rating on shares of Sky Plc.
5/26/2015 – Barrick Gold had its “sector perform” rating reaffirmed by analysts at Scotiabank. The firm raised its price target on shares of Google Inc from $682.00 to $730.00.
Shares of Barrick Gold Corp. (TSX: ABX) (NYSE:ABX), the world’s top producer of the metal, which tumbled 5% to the lowest in United States dollars terms since 1990. A total of 15.78 million shares of the company’s stock traded hands. The company has a 52-week high of $19.36. The stock has a 50-day moving average of $10.45 and a 200-day moving average of $11.71. The company’s market cap is $8.44 billion. Before the actual earnings report, the standard deviation for the earnings per share estimates was 0.05.
Barrick Gold Corp (NYSE:ABX) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. Its Copper business unit contains producing copper mines located in Chile and Zambia. Its producing gold mines are concentrated in three regional business units (RBU): North America, South America, and Australia Pacific. As of December 31, 2013, the Company’s mineral reserves were 104.1 million ounces of gold, 888 million ounces of silver contained within gold reserves, and 14.0 billion pounds of copper.
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Cowal mine is located 40km north-east of West Wyalong and production at the mine is now sourced from a single open-pit by using conventional drill and blast, load and haul mining methods.
