Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Stock analysts at Desjardins increased their FY2018 earnings per share estimates for shares of Barrick Gold in a report released on Monday, January 7th. Desjardins analyst J. Wolfson now anticipates that the company will earn $0.52 per share for the year, up from their previous forecast of $0.51.
Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Wednesday, October 24th. The company reported C$0.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.02. The business had revenue of C$2.40 billion during the quarter, compared to analysts’ expectations of C$2.35 billion.
Barrick Gold stock opened at C$16.52 on Thursday. Barrick Gold has a 1-year low of C$12.54 and a 1-year high of C$19.49. The company has a debt-to-equity ratio of 53.76, a current ratio of 2.65 and a quick ratio of 1.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Investors of record on Friday, December 28th will be paid a $0.093 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, December 27th. Barrick Gold’s payout ratio is currently -21.05%.
In other Barrick Gold news, insider Gregory Alan Pool Walker acquired 11,656 shares of Barrick Gold stock in a transaction that occurred on Monday, December 3rd. The stock was acquired at an average cost of C$17.02 per share, for a total transaction of C$198,385.12.
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 ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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