Published: Thu, August 10, 2017
Economy | By Annette Adams

Barrick Gold Corporation (NYSE:ABX) Stake Reduced by James Investment Research Inc


TD Securities reiterated a buy rating on shares of Eldorado Gold Corporation in a research report on Thursday, June 29th.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) reached a new 52-week low during trading on Friday.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, July 26th. Russell Investments Group Ltd. purchased a new position in Eldorado Gold Corporation during the fourth quarter worth approximately $2,221,000. Usca Ria LLC raised its stake in shares of Barrick Gold Corporation by 0.9% in the first quarter. The company has market cap of $1.52 billion. Stock investors acquired 19,089 call options on the company. Deutsche Bank downgraded it to "Hold" rating and $14.50 target in Wednesday, March 23 report.

Barrick Gold Corporation (ABX) has a market capitalization of 19.18 Billion which suggests the company is a huge company further suggesting that the shares of Barrick Gold Corporation (ABX) are stable and safe compared to the lower market capitalization companies. Comerica Bank increased its position in Eldorado Gold Corporation by 7.3% in the fourth quarter.

Credit Suisse "Downgrades" Eldorado Gold Corp (NYSE:EGO) in a research note issued to investors on 7/31/17 to Underperform with price target of $0. The basic materials company reported $0.01 EPS for the quarter. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock's 50 day moving average is $16.13 and its 200 day moving average is $17.57. Clarkson Platou upgraded the stock to "Buy" rating in Monday, April 18 report. The company's revenue for the quarter was up 7.4% on a year-over-year basis. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.03 billion. However the company reported $0.05 earnings per share for the same quarter during a year ago.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Eldorado Gold Corp (NYSE:EGO) high price target of $4.75 and with a conservative view have low price target of $2.4. The Commerzbank Aktiengesellschaft holds 1.05 million shares with $3.38M value, down from 2.64 million last quarter. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.40%. During the same period previous year, the firm posted ($0.01) earnings per share. Zacks Investment Research lowered Barrick Gold Corporation from a "hold" rating to a "sell" rating in a research report on Tuesday, July 11th. This represents a $0.12 annualized dividend and a yield of 0.72%. The stock now has Weekly Volatility of 2.14% and Monthly Volatility of 2.51%. EPS long term mean growth rate estimated by 2 analysts is at -4.68%, whereas, the high and low Long term growth rate estimated at 2 and -11.35. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and global trademark and copyright legislation. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, May 25. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has "Equal-Weight" rating given on Tuesday, August 9 by Morgan Stanley.

Eldorado Gold Corporation had 48 analyst reports since July 31, 2015 according to SRatingsIntel.

Several hedge funds and other institutional investors have recently made changes to their positions in EGO. 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.

More notable recent Barrick Gold Corp (USA) (NYSE:ABX) news were published by: Fool.ca which released: "Barrick Gold Corp.: Buy or Sell?" on July 24, 2017, also Fool.ca with their article: "Should Barrick Gold Corp". The Company's divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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