Equities Analysts Set Expectations for Barrick Gold Corp’s FY2018 Earnings (ABX)

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.

A number of other research firms have also weighed in on ABX. Canaccord Genuity lifted their price objective on shares of Barrick Gold from C$17.00 to C$17.50 in a research note on Thursday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of Barrick Gold from C$17.00 to C$18.00 in a research note on Wednesday. Cormark reduced their price objective on shares of Barrick Gold from C$17.00 to C$16.50 in a research note on Sunday, October 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Barrick Gold in a research note on Wednesday, September 26th.

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 Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

Featured Article: What factors cause inflation to rise?

Earnings History and Estimates for Barrick Gold (TSE:ABX)

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply