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Barrick Gold (ABX) Hits New 52-Week Low Following Analyst Downgrade Business Share Facebook Twitter LinkedIn Pinterest [ad_1] Source link Share Facebook Twitter LinkedIn Pinterest Tags 52Week ABX analyst Barrick downgrade gold hits Related Articles Apple's profits impressed, and they alluded to a big launch of the iPhone in September (AAPL) Volt Resources Releases Feasibility Study on Bunyu Graphite HP will pay researchers $ 10,000 to hack its printers Apple's revenues increased thanks to higher iPhone sales, Wall Street sees industrial rebound Apple at a record level in the aftermarket Apple records a turnover of $ 53.3 billion in the third quarter of 2018, driven by the iPhone
![Barrick Gold logo "title =" Barrick Gold logo "class =" companylogo "/> Barrick Gold Corp. (TSE: ABX) (NYSE: ABX) shares hit a new 52-week low during trading on Wednesday after Canaccord Genuity their price target on the stock from C $ 19.00 to C $ 17.00 The stock traded as low as C $ 15.32 and last traded at C $ 15.41, with a volume of 1595602 shares The stock had previously closed at C $ 15.60 </p>
<p> In other news , insider Katherine Sipos purchased 3,000 shares of Barrick Gold stock in a transaction dated Friday, May 4th.The shares were bought at an average cost of C $ 17.34 per share, for a total transaction of C $ 52,020.00 Also, Catherine Philippa Raw insider purchased 10,000 shares of Barrick Gold stock trading on Monday, May 7th The shares were purchased at an average price of C $ 17.37 per share, for a total transaction of C $ 173,700.00 Over the last 90 days, insiders have purchased 66,267 shares of stock worth $ 1,124,756 </p>
<p> Barrick Gold (TSE: ABX) (NYS E: ABX) last announced its earnings on Monday, April 23rd. The company reported C $ 0.18 EPS for the Thomson Reuters quarter consensus estimate of C $ 0.19 by C ($ 0.01). Barrick Gold had a negative net margin of 36.36% and a negative return on equity of 27.89%. The company had revenue of $ 2.26 billion during the quarter, compared to the consensus estimate of C $ 2.25 billion. </p>
<p><strong> About Barrick Gold </strong> </p>
<p> Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia. </p>
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