The Barrick Gold Corp (ABX) Given Average Recommendation of "Buy" by Brokerages
Dec 08 2017 by Johnny Bowman
Swiss State Bank holds 102,200 shares. Occidental Pet now has $53.08 billion valuation. Ameriprise Financial Inc. now owns 58,507 shares of the basic materials company's stock worth $931,000 after acquiring an additional 12,852 shares during the period. Shoker Investment Counsel Inc., a Ohio-based fund reported 52,654 shares. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since December 6, 2016 and is downtrending. It has outperformed by 16.06% the S&P500. The 17 analysts covering ABX view its longer term outlook with a negative sentiment. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. Therefore 33% are positive. Barrick Gold's dividend payout ratio (DPR) is 6.45%.
State Street Corp boosted its holdings in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 25.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). HSBC has "Buy" rating and $9.90 target. The company has a consensus rating of "Hold" and a consensus price target of $18.69. The firm earned "Neutral" rating on Wednesday, August 19 by Macquarie Research. TD Securities reduced their price objective on Barrick Gold from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, November 6th. The rating was maintained by Cowen & Co with "Buy" on Friday, August 11. The stock of Barrick Gold Corporation (NYSE:ABX) earned "Sector Perform" rating by RBC Capital Markets on Wednesday, November 1.
Recent insider trends for Barrick Gold Corporation (NYSE:ABX) have caught the attention of investors. 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. It has a 7.3 P/E ratio. The companyÂ's principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero. The stock price volatility for last week at the close of regular trading was 1.73%, pushing the figure for the whole month to now reaching 2.58%. Aperio Group LLC now owns 350,211 shares of the basic materials company's stock worth $5,572,000 after acquiring an additional 14,061 shares in the last quarter. It has underperformed by 16.70% the S&P500.
Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 6 have Buy rating, 2 Sell and 13 Hold. Therefore 40% are positive. UnitedHealth Group had 70 analyst reports since September 2, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of GPK in report on Monday, October 9 with "Buy" rating. RBC Capital Markets maintained the shares of ABX in report on Monday, September 25 with "Buy" rating. On Tuesday, June 14 the stock rating was downgraded by Stifel Nicolaus to "Sell". The rating was downgraded by JP Morgan to "Underweight" on Monday, September 12. Gateway Investment Advisers LLC now owns 24,888 shares of the basic materials company's stock worth $396,000 after acquiring an additional 4,675 shares in the last quarter. Stifel Nicolaus upgraded Wabash National Corporation (NYSE:WNC) on Thursday, January 26 to "Hold" rating. Bank of America has "Buy" rating and $76 target. BMO Capital Markets maintained the stock with "Buy" rating in Friday, June 23 report. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned "Sell" rating by Barclays Capital on Friday, April 21. Its up 0.04, from 0.98 in 2017Q1.
Lazard Asset Management Has Raised By $2.82 Million Its Occidental Pet (OXY) Stake; Barrick Gold (ABX) Covered By 8 Bullish Analysts Last Week
A number of other hedge funds also recently made changes to their positions in ABX. 72 funds opened positions while 315 raised stakes.
Deutsche Bank Aktiengesellschaft (DB) has so far tried and showed success to beat the consensus-estimated $0.33, with their earning staying at $0.37 per share.
Neumeier Poma Investment Counsel Llc holds 3.03% of its portfolio in First Financial Bancorp. for 939,155 shares. Flossbach Von Storch AG lifted its position in Barrick Gold by 8.1% during the third quarter. Canada Pension Plan Inv Board owns 210,013 shares. Davidson holds 0.01% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH) for 550 shares. Moreover, Coho Prtnrs Limited has 3.08% invested in Occidental Petroleum Corporation (NYSE:OXY) for 2.06 million shares. Investors of record on Thursday, November 30th will be given a dividend of $0.03 per share.
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