Investors Buy High Volume of Barrick Gold Corp Put Options (ABX)

Investors Buy High Volume of Barrick Gold Corp Put Options (ABX)

The stock grabbed 49 new institutional investments totaling 47,075,774 shares while 48 institutional investors sold out their entire positions totaling 29,809,924 shares. This is an increase of 643% compared to the typical daily volume of 9,674 put options. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since May 26, 2016 and is downtrending. 11,784,677 shares of the stock traded hands. The stock's 50 day moving average is $17.55 and its 200-day moving average is $17.38. The company has a market cap of $25.58 billion and a P/E ratio of 18.13. 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) last issued its earnings results on Monday, April 24th.

Previously Barrick Gold Corp (NYSE:ABX) reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.2 by $-0.06. Barrick Gold Corp had a negative net margin of 28.22% and a positive return on equity of 6.81%. The company's revenue for the quarter was up 3.3% on a year-over-year basis.

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Malvo then negotiated a plea bargain in Spotsylvania County and agreed to a life sentence and waived his appeal rights. He was also convicted by a jury and sentenced to two life sentences in Fairfax County, it added.

Barrick's current 2017 guidance assumes a contribution of 545,000-575,000 ounces of gold (63.9% basis) from Acacia, at a cost of sales of U.S. $860-$910/oz, and all-in sustaining costs of United States $880-$920/oz. The short interest to Barrick Gold Corporation's float is 0.94%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, May 26th. Barrick Gold Corp's dividend payout ratio (DPR) is presently -3.90%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arthur Zaske & Associates LLC purchased a new stake in Barrick Gold Corp during the third quarter worth about $933,000.

Jaguar Unleashes XE SV Project 8 :Powerful, Agile with Extreme Performance
However, here it has been tuned for 592bhp - an increase of 25bhp - making it the most powerful Jaguar to ever hit the road. Jaguar will reveal full details of the XE SV Project 8 on June 28 ahead of its public debut at Goodwood.

Its 52-week range quite noticeable, lower range was $18.00% and hit highest level of $-30.59%.

Viacom, Inc. (NASDAQ:VIAB) trade at $34.92 by raised 0.52% in most recent trading session with share volume of 7.86 Million. During the same quarter previous year, the company earned $0.11 earnings per share. The firm has "Buy" rating by Citigroup given on Tuesday, August 2. Finally, Gemmer Asset Management LLC acquired a new stake in shares of Barrick Gold Corp during the first quarter valued at $155,000. Acadian Asset Management LLC now owns 11,600 shares of the basic materials company's stock worth $206,000 after buying an additional 100 shares during the last quarter. Clarkson Capital initiated the shares of ABX in report on Tuesday, February 16 with "Neutral" rating. BMO Capital Markets upped their price target on Barrick Gold Corp from C$20.00 to C$22.00 and gave the stock an outperform rating in a research note on Thursday, February 16th. The rating was downgraded by Canaccord Genuity to "Hold" on Tuesday, May 3. In analysts note sent to investors and clients on Friday morning, Barrick Gold (NYSE:ABX) shares have had their "Sell" Rating restate by research analysts at Berenberg Bank.

In terms of Buy, Sell or Hold recommendations, Barrick Gold Corp (NYSE:ABX) has analysts' mean recommendation of 2.5. Barrick, which holds a 63.9-percent stake in Acacia, said that if Acacia needed to revise its 2017 forecast, then Barrick would evaluate any necessary adjustments to its own full-year outlook. Also Fool.ca published the news titled: "Has Barrick Gold Corp". If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws.

Senators back Carpio's call to take China threat to UN
To sustain the Philippine's economic growth, Duterte said that they seek to find responsible economic partners to become allies in development.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Barrick Gold Corp (NYSE:ABX) high price target of $27.5 and with a conservative view have low price target of $15.

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