Barrick Gold Corporation (NYSE:ABX) Expected to Post FY2020 Earnings of $0.97 Per Share

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) – Research analysts at Jefferies Group issued their FY2020 earnings per share estimates for shares of Barrick Gold Corporation in a report issued on Wednesday. Jefferies Group analyst C. Lafemina forecasts that the basic materials company will post earnings per share of $0.97 for the year. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock.

ABX has been the topic of a number of other research reports. Vetr downgraded Barrick Gold Corporation from a “strong-buy” rating to a “buy” rating and set a $21.75 price objective on the stock. in a research report on Monday, April 10th. Scotiabank reaffirmed a “sector perform” rating and set a $22.50 price objective on shares of Barrick Gold Corporation in a research report on Tuesday, April 25th. TD Securities reaffirmed a “hold” rating and set a $20.00 price objective on shares of Barrick Gold Corporation in a research report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $23.00 price objective on shares of Barrick Gold Corporation in a research report on Wednesday, May 24th. Finally, BidaskClub raised Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Barrick Gold Corporation has a consensus rating of “Hold” and a consensus target price of $22.16.

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Barrick Gold Corporation (NYSE ABX) opened at 16.87 on Friday. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 13.94 and a beta of -0.25. The stock has a 50 day moving average price of $16.00 and a 200 day moving average price of $17.57. Barrick Gold Corporation has a 52-week low of $13.81 and a 52-week high of $22.94.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation had a return on equity of 9.18% and a net margin of 26.95%. Barrick Gold Corporation’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, August 29th. Barrick Gold Corporation’s payout ratio is 5.94%.

Several hedge funds and other institutional investors have recently made changes to their positions in ABX. Majedie Asset Management Ltd boosted its position in shares of Barrick Gold Corporation by 7.8% in the second quarter. Majedie Asset Management Ltd now owns 18,856,140 shares of the basic materials company’s stock valued at $300,001,000 after buying an additional 1,360,514 shares during the last quarter. Edge Wealth Management LLC boosted its position in shares of Barrick Gold Corporation by 219.5% in the second quarter. Edge Wealth Management LLC now owns 32,270 shares of the basic materials company’s stock valued at $511,000 after buying an additional 22,170 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in shares of Barrick Gold Corporation by 12.2% in the second quarter. Rothschild Asset Management Inc. now owns 36,748 shares of the basic materials company’s stock valued at $758,000 after buying an additional 3,991 shares during the last quarter. Flossbach Von Storch AG boosted its position in shares of Barrick Gold Corporation by 104.8% in the second quarter. Flossbach Von Storch AG now owns 26,529,688 shares of the basic materials company’s stock valued at $422,088,000 after buying an additional 13,576,086 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in shares of Barrick Gold Corporation by 1,491.0% in the second quarter. Harbour Capital Advisors LLC now owns 47,730 shares of the basic materials company’s stock valued at $3,000,000 after buying an additional 44,730 shares during the last quarter. Hedge funds and other institutional investors own 57.69% of the company’s stock.

Barrick Gold Corporation Company Profile

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.