Desjardins Analysts Reduce Earnings Estimates for Barrick Gold Corp (ABX)

Desjardins Analysts Reduce Earnings Estimates for Barrick Gold Corp (ABX)

First Eagle Investment Management LLC now owns 35,354,891 shares of the basic materials company's stock worth $568,860,000 after purchasing an additional 546,654 shares during the last quarter. The institutional investor held 30,161 shares of the building products company at the end of 2017Q3, valued at $3.36M, down from 37,918 at the end of the previous reported quarter. "Barrick's falling gold reserve base is another concern". The stock increased 0.19% or $0.21 during the last trading session, reaching $112.75. About 477,749 shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since March 13, 2017 and is uptrending. It has outperformed by 64.35% the S&P500. Finally, BMO Capital Markets set a C$15.00 price objective on Barrick Gold and gave the stock a "market perform" rating in a report on Thursday, February 8th. The hedge fund run by William Leland Edwards held 1.64 million shares of the major pharmaceuticals company at the end of 2017Q3, valued at $61.82M, up from 1.61 million at the end of the previous reported quarter. Barrick Gold has a twelve month low of $11.07 and a twelve month high of $20.36. The stock increased 2.62% or $0.31 during the last trading session, reaching $12.13. About 9.71M shares traded. Barrick Gold's payout ratio is now 12.77%. It has underperformed by 24.96% the S&P500. Deutsche National Bank Ag reported 20,037 shares. Menta Ltd Liability Corporation reported 14,195 shares.

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) Director Pablo Marcet acquired 4,000 shares of Barrick Gold stock in a transaction that occurred on Friday, February 23rd. (NYSE:ABX), 7 have Buy rating, 1 Sell and 16 Hold. Therefore 60% are positive. Flossbach Von Storch AG boosted its holdings in shares of Barrick Gold by 6.1% in the fourth quarter.

Barrick Gold (NYSE:ABX) pays an annual dividend of $0.12 with a yield of 1.00% and an average dividend growth of -15.70% based on a 3 Year Average. Citigroup downgraded Barrick Gold Corporation (NYSE:ABX) on Thursday, November 30 to "Sell" rating. IBC upgraded the shares of ABX in report on Monday, June 27 to "Outperform" rating. On Friday, May 26 the stock rating was maintained by Berenberg with "Sell".

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on May, 17. RBC Capital Markets maintained the shares of ABX in report on Monday, June 12 with "Buy" rating. The rating was maintained by Roth Capital on Wednesday, February 7 with "Hold". The firm has "Buy" rating by RBC Capital Markets given on Monday, August 21.

Bluestein R H & Company increased Nvidia Corp (NASDAQ:NVDA) stake by 110,352 shares to 121,277 valued at $21.68M in 2017Q3. It also upped Sandstorm Gold Ltd (NYSEMKT:SAND) stake by 2.55 million shares and now owns 2.63 million shares. Charles Schwab Corp/The (NYSE:SCHW) was raised too.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 48% are positive. Orion Energy Systems had 10 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of SunCoke Energy, Inc. The firm earned "Buy" rating on Friday, October 28 by Standpoint Research. Morgan Stanley initiated the stock with "Equal-Weight" rating in Tuesday, August 9 report. The firm has "Buy" rating by Goldman Sachs given on Wednesday, October 5. The stock has "Hold" rating by TD Securities on Friday, June 23. The rating was maintained by Canaccord Genuity with "Buy" on Wednesday, January 10. On Thursday, July 14 the stock rating was upgraded by Jefferies to "Buy".

Investors sentiment decreased to 1.05 in Q3 2017. Its up 0.49, from 0.69 in 2017Q2. It is negative, as 51 investors sold PEP shares while 689 reduced holdings. 38 funds opened positions while 106 raised stakes. Amp Cap Invsts reported 13,310 shares. Hyman Charles D holds 2.33% in PepsiCo, Inc. (NYSE:PF) or 8,500 shares. Qs Investors Limited Liability stated it has 0.02% of its portfolio in McKesson Corporation (NYSE:MCK). (NYSE:AYI) for 1,470 shares. Cibc Natl Bank Usa holds 0.39% of its portfolio in PepsiCo, Inc. Lord Abbett Limited Com reported 0.01% of its portfolio in Chase Corporation (NYSEAMERICAN:CCF). State Street Corporation has invested 0% in Orion Energy Systems, Inc (NASDAQ:OESX). (NYSE:PF) for 988,689 shares. Acadian Asset Mngmt Ltd owns 10,015 shares for 0% of their portfolio. Kistler has invested 0% in McKesson Corporation (NYSE:MCK). (NYSE:PF) for 25,875 shares. California Employees Retirement invested in 0.01% or 153,200 shares. Manufacturers Life Insurance The accumulated 41,651 shares or 0.01% of the stock.

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