Barrick Gold (GOLD) to Release Quarterly Earnings on Wednesday

Barrick Gold (NYSE:GOLD) (TSE:ABX) is set to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Barrick Gold to post earnings of $0.20 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. Barrick Gold had a net margin of 11.16% and a return on equity of 4.64%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm earned $0.13 EPS. On average, analysts expect Barrick Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Barrick Gold Stock Performance

NYSE:GOLD opened at $17.32 on Tuesday. Barrick Gold has a 52 week low of $13.76 and a 52 week high of $20.75. The company has a fifty day simple moving average of $16.19 and a two-hundred day simple moving average of $16.34. The company has a quick ratio of 2.40, a current ratio of 3.16 and a debt-to-equity ratio of 0.15. The company has a market cap of $30.41 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 annualized dividend and a yield of 1.71%. Barrick Gold’s payout ratio is 55.56%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GOLD shares. StockNews.com upgraded Barrick Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 price target on shares of Barrick Gold in a research note on Monday, March 4th. Sanford C. Bernstein downgraded shares of Barrick Gold from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Raymond James decreased their price objective on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Finally, BMO Capital Markets dropped their target price on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.06.

About Barrick Gold

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.