You Need To Know Hold Recommendation for: Barrick Gold Corporation (ABX)

Eldorado Gold Corp (NYSE:EGO) has average revenue estimates of $101.03 Million, compared to low analyst estimates of $88.32 Million and high estimates of $109 Million for the current quarter. Royal Bank Of Canada restated an "outperform" rating on shares of Barrick Gold Corp in a report on Friday, June 23rd.

Shares of Eldorado Gold Corporation (NYSE:EGO) opened at 1.92 on Friday.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, July 27th. Meridian Investment Counsel Inc. raised its stake in shares of Barrick Gold Corporation by 0.5% in the first quarter. Finally, Morgan Stanley boosted its position in shares of Eldorado Gold Corporation by 47.8% in the first quarter.

Equities research analysts at Cormark cut their Q3 2017 earnings estimates for shares of Barrick Gold Corporation in a note issued to investors on Friday. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 8.28 and a beta of -0.23. The company was downgraded on Thursday, July 6 by BMO Capital Markets. The stock has an average rating of "Hold" and a consensus target price of $21.84. Rothschild Asset Management Inc. boosted its position in shares of Barrick Gold Corporation by 12.2% in the second quarter. However a year ago for the same quarter the company has reported $0.05 EPS. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Current price places the company's stock -3.46% away from its 200-day simple moving average, 1.84%, away from the 50-day average and also 0.94% away from 20-day average. Clarkson Platou upgraded the stock to "Buy" rating in Monday, April 18 report.

5 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 2265.74 million while high and low sale targets are estimated at 2549.72 million and 2149.4 million respectively. The basic materials company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.05.

More news: Gold Prices Continue to Move Higher

Taking a broader look at the analyst consensus, according to 9 analysts Eldorado Gold Corp (NYSE:EGO)'s price will reach at $3.39 during 52 weeks. The Commerzbank Aktiengesellschaft holds 1.05 million shares with $3.38M value, down from 2.64 million last quarter. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. During the same period previous year, the company earned ($0.01) EPS. Shareholders of record on Thursday, August 31st will be given a $0.03 dividend. Finally, CIBC lowered shares of Eldorado Gold Corporation from a sector perform rating to a sector underperform rating in a research report on Wednesday, June 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.71%. Share performance for the month is now at 5.22%. The firm has "Outperform" rating by Scotia Capital given on Tuesday, August 25. Legal & General Group Plc increased its stake in Barrick Gold Corporation by 253,067.4% in the first quarter. If you are viewing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright and trademark laws. The firm has "Buy" rating by Goldman Sachs given on Wednesday, October 5.

Eldorado Gold Corporation now has a PEG ratio of 24.00.Most importantly investors want to know where the stock is headed from here.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barrick Gold Corporation (ABX) maintained activity of 11.51 million shares that trade hands on average basis while its relative volume is 0.79.

Currently, EPS of Barrick Gold Corporation (ABX) is 0.22 while the analysts predicted the EPS of the stock to be 0.19 suggesting the company fell short of the analysts' expectations. The companys principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero.

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