Barrick Gold (ABX) Upgraded at Zacks Investment Research

Cornelia Mascio
Marzo 13, 2018

Autozone Inc (Call) now has $17.72B valuation. The stock increased 1.14% or $0.65 during the last trading session, reaching $57.89. About 7.69M shares traded.

In case of Revenue Estimates, 4 analysts have provided their consensus Average Revenue Estimates for Barrick Gold Corporation as 1.95 Billion. First Eagle Investment Management LLC grew its position in Barrick Gold by 1.6% during the 3rd quarter.

Nikko Asset Management Americas Inc decreased Barrick Gold Corp (ABX) stake by 7.19% reported in 2017Q3 SEC filing. Hexavest Inc bought 1.50 million shares as the company's stock declined 17.45% while stock markets rallied. (ABX)'s stock declined 17.45%. The institutional investor held 15,500 shares of the precious metals company at the end of 2017Q3, valued at $249,000, down from 51,370 at the end of the previous reported quarter. The stock increased 0.41% or $0.05 during the last trading session, reaching $12.18. About 6.77 million shares traded.

Zacks Investment Research upgraded shares of Barrick Gold (NYSE:ABX) (TSE:ABX) from a sell rating to a hold rating in a research note published on Thursday, February 22nd. It has underperformed by 24.96% the S&P500.

Barrick Gold Corporation (NYSE:ABX) reported its EPS in the last quarter as $0.22/Share beating the analyst estimate of $0.21/Share by a difference of $0.01. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Therefore 33% are positive. The firm raised its rating on the $14.27 billion market capitalized company to a respectable "Outperform" from their past rating of "Sector Perform". BMO Capital Markets maintained it with "Hold" rating and $15.0 target in Wednesday, February 7 report. The rating was maintained by TD Securities with "Hold" on Thursday, October 12.

More notable recent Barrick Gold Corporation (NYSE:ABX) news were published by: which released: "Contrarian Investors: Is Barrick Gold Corp. a Buy for 2018?" on December 22, 2017, also with their article: "The Biggest Reason You Should Buy Barrick Gold Corp". Deutsche Bank maintained the shares of ABX in report on Friday, July 29 with "Hold" rating. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned "Hold" rating by J.P. Morgan on Tuesday, May 30.

While looking at the Stock's Performance, Barrick Gold Corporation now shows a Weekly Performance of 2.43%, where Monthly Performance is -11.73%, Quarterly performance is -12.77%, 6 Months performance is -34.33% and yearly performance percentage is -33.3%. The stock has "Hold" rating by Argus Research on Friday, March 2. It also reduced Micron Technology Inc (Prn) stake by 370,000 shares and now owns 1.50 million shares. (NYSE:PF) for 1.14 million shares. Pimco High Income Fund (PHK) was raised too.

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on April, 23. They expect $0.21 EPS, up 50.00 % or $0.07 from last year's $0.14 per share. ABX's profit will be $247.05 million for 14.54 P/E if the $0.21 EPS becomes a reality. Desjardins analyst J. Wolfson now forecasts that the basic materials company will post earnings per share of $0.15 for the quarter, down from their previous forecast of $0.22.

Among 24 analysts covering Autozone Inc. 14 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Therefore 91% are positive. The firm has "Neutral" rating given on Tuesday, February 16 by Clarkson Capital. RBC Capital Markets maintained AutoZone, Inc.

3/12/2018-Royal Bank of Canada Upgrade from a "Sector Perform " rating to a " Outperform" rating. The rating was maintained by Barclays Capital on Friday, October 20 with "Overweight". The firm earned "Hold" rating on Thursday, June 29 by Berenberg. The stock has "Buy" rating by Rodman & Renshaw on Monday, July 18. Roth Capital initiated Profire Energy, Inc. The firm has "Buy" rating by Mizuho given on Friday, November 11. RBC Capital Markets has "Hold" rating and $17.0 target. The rating was upgraded by Wedbush on Tuesday, February 16 to "Outperform". As per Wednesday, January 10, the company rating was maintained by Credit Suisse. SunTrust has "Buy" rating and $66.0 target. The insider Brege Laura sold 25,000 shares worth $751,543.

Morgan Stanley decreased Mfs High Income Mun Tr (NYSE:CXE) stake by 240,341 shares to 114,742 valued at $601,000 in 2017Q3. Griffith James C. sold 1,250 shares worth $993,372.

Mangrove Partners, which manages about $562.50 million and $583.52 million US Long portfolio, upped its stake in Westmoreland Coal Co (NASDAQ:WLB) by 158,906 shares to 992,251 shares, valued at $2.53M in 2017Q3, according to the filing.

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