Equities analysts expect Barrick Gold Corp (NYSE:ABX) (TSE:ABX) to post earnings of $0.16 per share for the current quarter, according to Zacks. Two analysts have made estimates for Barrick Gold’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.22. Barrick Gold reported earnings of $0.22 per share during the same quarter last year, which would indicate a negative year over year growth rate of 27.3%. The firm is expected to report its next earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Barrick Gold will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.84. For the next year, analysts expect that the firm will post earnings of $0.75 per share, with EPS estimates ranging from $0.54 to $1.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Barrick Gold.
Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Monday, April 23rd. The basic materials company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Barrick Gold had a net margin of 11.22% and a return on equity of 7.62%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year.
Several equities analysts have recently commented on ABX shares. Raymond James decreased their price objective on shares of Barrick Gold from $19.00 to $17.00 and set a “market perform” rating on the stock in a report on Monday, February 26th. JPMorgan Chase & Co. reduced their target price on shares of Barrick Gold from $19.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, March 28th. Royal Bank of Canada upgraded shares of Barrick Gold from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from $17.00 to $16.00 in a report on Monday, March 12th. Zacks Investment Research upgraded shares of Barrick Gold from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, ValuEngine lowered shares of Barrick Gold from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.06.
Shares of Barrick Gold traded up $0.12, hitting $13.17, during trading hours on Friday, Marketbeat.com reports. The company had a trading volume of 8,697,640 shares, compared to its average volume of 11,414,483. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.71 and a current ratio of 2.82. Barrick Gold has a fifty-two week low of $11.07 and a fifty-two week high of $18.35. The firm has a market cap of $15.40 billion, a P/E ratio of 17.55, a P/E/G ratio of 8.59 and a beta of -0.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, May 30th. Barrick Gold’s dividend payout ratio (DPR) is 16.00%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Vista LLC purchased a new position in shares of Barrick Gold in the 1st quarter valued at $125,000. HRT Financial LLC acquired a new stake in Barrick Gold during the 4th quarter worth $146,000. Meitav Dash Investments Ltd. acquired a new stake in Barrick Gold during the 4th quarter worth $195,000. Arlington Capital Management Inc. acquired a new stake in Barrick Gold during the 1st quarter worth $206,000. Finally, Brave Asset Management Inc. acquired a new stake in Barrick Gold during the 4th quarter worth $290,000. 53.11% of the stock is currently owned by hedge funds and other institutional investors.
Barrick Gold Company Profile
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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