Barrick Gold (ABX) Receives Daily News Sentiment Score of 0.12

News articles about Barrick Gold (NYSE:ABX) (TSE:ABX) have trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Barrick Gold earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.3484200346353 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Barrick Gold (NYSE:ABX) traded up $0.14 during trading on Monday, reaching $14.51. 8,736,615 shares of the company’s stock traded hands, compared to its average volume of 10,370,000. The firm has a market cap of $16,970.00, a price-to-earnings ratio of 7.76, a PEG ratio of 7.95 and a beta of -0.42. The company has a current ratio of 2.73, a quick ratio of 1.56 and a debt-to-equity ratio of 0.55. Barrick Gold has a 1 year low of $13.28 and a 1 year high of $20.78.

Barrick Gold (NYSE:ABX) (TSE:ABX) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.02 billion. Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The firm’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. research analysts expect that Barrick Gold will post 0.76 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. TD Securities cut their price target on shares of Barrick Gold from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, November 6th. Royal Bank of Canada set a $21.00 price target on shares of Barrick Gold and gave the company a “buy” rating in a report on Monday, October 30th. Credit Suisse Group restated a “hold” rating and set a $19.00 price target on shares of Barrick Gold in a report on Thursday. Finally, Citigroup lowered shares of Barrick Gold from a “buy” rating to a “sell” rating and set a $13.00 price target on the stock. in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.48.

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About Barrick Gold

Barrick Gold Corporation (Barrick) is a gold mining company. 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. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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