Investors Purchase Large Volume of Call Options on Barrick Gold Corp (ABX)

A miner operates his scoop tram at the Barrick Gold  Acacia Mining Bulyanhulu gold mine in Tanzania. Source Acacia Mining plc

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. This is an increase of 643% compared to the typical daily volume of 9,674 put options.

Overall, Vlasov reiterates a Sell rating on shares of Barrick Gold, with a price target of $15.20, which implies a downside of 7% from current levels. The stock was purchased at an average cost of C$19.01 per share, with a total value of C$508,517.50. Company's distance from 20 day simple moving average is -1.63% and distance from 50-Day simple moving average is -10.12%. Fool.ca's article titled: "Barrick Gold Corp.: Buy Today?" and published on May 18, 2017 is yet another important article.

Barrick Gold Corp (NYSE:ABX)'s trailing twelve month revenues are $8.62 Billion, whereas its price to sales ratio for the same period is 2.2. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Barrick Gold Corp had a negative net margin of 28.22% and a positive return on equity of 6.81%. Barrick Gold Corp's revenue for the quarter was up 3.3% compared to the same quarter previous year. This relationship increases the importance of accurate EPS growth estimates for different markets. On average, equities research analysts predict that Barrick Gold Corp will post $0.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, May 26th.

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01/17/2017 - Barrick Gold Corporation had its " rating reiterated by analysts at Berenberg Bank.

Barrick Gold Corp (NYSE:ABX) 52-week high price stands at $23.47 and low price stands at $13.81, its price distance from 52-week high is -30.59% while its distance from 52-week low price is 18%. 1832 Asset Management L.P. raised its stake in shares of Barrick Gold Corp by 11.4% in the third quarter. They expect $0.24 EPS, up 71.43% or $0.10 from last year's $0.14 per share. Finally, Usca Ria LLC increased its position in shares of Barrick Gold Corp by 0.9% in the first quarter. Deutsche Bank upgraded the stock to "Buy" rating in Monday, October 3 report. The company has market cap of $3.23 million.

A number of analysts have issued reports on ABX shares. Covington Capital Management now owns 19,925 shares of the basic materials company's stock worth $353,000 after buying an additional 175 shares during the last quarter. As per Thursday, July 14, the company rating was upgraded by Jefferies. Vetr downgraded Barrick Gold Corp from a "hold" rating to a "sell" rating and set a $18.55 target price for the company.in a research note on Monday, February 27th. Barrick Gold Corp's dividend payout ratio (DPR) is presently -3.90%. Finally, Zacks Investment Research cut Barrick Gold Corp from a "hold" rating to a "sell" rating in a research report on Monday, February 13th. (NYSE:ABX), 11 have Buy rating, 1 Sell and 10 Hold. "Acacia's current 2017 exposure to the ban on gold concentrate exports is estimated at 210koz, or 23-25% of its 2017 gold production", the analyst added. Sei Investments Co.'s holdings in Barrick Gold Corp were worth $5,610,000 as of its most recent SEC filing. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of US & global copyright law.

Acacia, which spun off from Barrick in 2010, accounts for roughly 10% of the Canadian miner's 2017 gold production guidance of 5.3-5.6 million ounces. 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.

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