Barrick Gold Corporation (NYSE:ABX) Position Boosted by Russell Investments Group Ltd.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Benjamin F. Edwards & Company Inc. increased its position in Barrick Gold Corporation by 9.9% in the first quarter. Legal & General Group Plc now owns 5,124,109 shares of the basic materials company's stock worth $97,047,000 after buying an additional 5,122,085 shares during the period. TD Asset Management Inc. raised its stake in shares of Eldorado Gold Corporation by 7.2% in the first quarter. Rothschild Investment Corp IL now owns 49,775 shares of the basic materials company's stock valued at $792,000 after buying an additional 29,750 shares during the period. Gulf International Bank UK Ltd now owns 201,879 shares of the basic materials company's stock valued at $689,000 after buying an additional 2,600 shares during the period. Bridgewater Associates LP bought a new stake in Barrick Gold Corporation during the second quarter worth about $4,108,000. Creative Planning now owns 373,893 shares of the basic materials company's stock valued at $987,000 after buying an additional 300,752 shares during the period. The Tennessee-based Southernsun Asset Management Llc has invested 3.29% in the stock.

Eldorado Gold Corp (NYSE:EGO) shares traded 1.05% up during most recent session to reach at the closing price of $1.92. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Eldorado Gold Corporation has a one year low of $1.77 and a one year high of $4.38. The company holds 1.2 billion outstanding shares and 1.16 billion shares are floating in market. Finally, CIBC downgraded Eldorado Gold Corporation from a "sector perform" rating to a "sector underperform" rating in a research note on Wednesday, June 28th. Comerica Bank now owns 83,618 shares of the basic materials company's stock worth $284,000 after buying an additional 5,691 shares in the last quarter. This represents an increase of 106% compared to the typical daily volume of 9,246 call options.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, July 26th. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The business had revenue of $82.70 million for the quarter, compared to analyst estimates of $104.71 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. On average, analysts predict that Barrick Gold Corporation will post $0.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.03 dividend. The firm earned "Outperform" rating on Tuesday, August 25 by Scotia Capital. Barrick Gold Corp. had 65 analyst reports since August 6, 2015 according to SRatingsIntel.

TRADEMARK VIOLATION NOTICE: This article was posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and global copyright and trademark laws. The original version of this news story can be accessed at https://www.themarketsdaily.com/2017/08/11/barrick-gold-corporation-abx-raised-to-hold-at-zacks-investment-research-updated-updated.html. Checking some other stock price data, we can see that the recent distance from the 50 day high was noted at -2.21% and the separation from the 50 day low is presently 11.64%. Jefferies upgraded Barrick Gold Corp (USA) (NYSE:ABX) on Thursday, July 14 to "Buy" rating. Mackie downgraded Barrick Gold Corp (USA) (NYSE:ABX) on Friday, February 19 to "Hold" rating. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell.

Barrick Gold Corporation (ABX) stock directed -22.97% toward a lower level throughout a year ago and swapped 4.30% toward a strong spot during past one month. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development.

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