Brokerages expect that Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) will announce earnings of $0.20 per share for the current quarter, Zacks reports. Two analysts have made estimates for Barrick Gold Corporation’s earnings, with estimates ranging from $0.17 to $0.27. Barrick Gold Corporation posted earnings of $0.14 per share during the same quarter last year, which indicates a positive year over year growth rate of 42.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, July 26th.
On average, analysts expect that Barrick Gold Corporation will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.95. For the next year, analysts forecast that the firm will report earnings of $0.80 per share, with EPS estimates ranging from $0.60 to $1.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Barrick Gold Corporation.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Monday, April 24th. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.07. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.22 billion. Barrick Gold Corporation had a return on equity of 8.34% and a net margin of 16.44%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share.
ABX has been the topic of a number of analyst reports. TD Securities restated a “hold” rating on shares of Barrick Gold Corporation in a research note on Tuesday, June 27th. Jefferies Group LLC lifted their target price on shares of Barrick Gold Corporation from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and set a $21.00 target price on shares of Barrick Gold Corporation in a research note on Tuesday, July 18th. Deutsche Bank AG restated a “buy” rating and set a $21.00 target price (down previously from $22.00) on shares of Barrick Gold Corporation in a research note on Sunday, June 25th. Finally, Vetr upgraded shares of Barrick Gold Corporation from a “hold” rating to a “buy” rating and set a $20.20 target price on the stock in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Barrick Gold Corporation has a consensus rating of “Hold” and an average price target of $22.16.
Shares of Barrick Gold Corporation (NYSE:ABX) traded down 4.69% during mid-day trading on Monday, reaching $15.43. The company’s stock had a trading volume of 16,667,952 shares. The company has a market cap of $17.99 billion, a P/E ratio of 12.75 and a beta of -0.25. Barrick Gold Corporation has a 12 month low of $13.81 and a 12 month high of $22.94. The company has a 50-day moving average of $16.03 and a 200-day moving average of $17.59.
Several hedge funds have recently bought and sold shares of the company. Capstone Asset Management Co. increased its stake in Barrick Gold Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 72,065 shares of the basic materials company’s stock worth $1,369,000 after buying an additional 1,420 shares during the period. Bennicas & Associates Inc. increased its stake in Barrick Gold Corporation by 4.3% in the first quarter. Bennicas & Associates Inc. now owns 24,450 shares of the basic materials company’s stock worth $464,000 after buying an additional 1,000 shares during the period. Arlington Capital Management Inc. increased its stake in Barrick Gold Corporation by 4.4% in the first quarter. Arlington Capital Management Inc. now owns 850,132 shares of the basic materials company’s stock worth $16,144,000 after buying an additional 35,481 shares during the period. Rothschild Investment Corp IL increased its stake in Barrick Gold Corporation by 148.6% in the second quarter. Rothschild Investment Corp IL now owns 49,775 shares of the basic materials company’s stock worth $792,000 after buying an additional 29,750 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its stake in Barrick Gold Corporation by 18.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 32,133 shares of the basic materials company’s stock worth $609,000 after buying an additional 5,030 shares during the period. Hedge funds and other institutional investors own 57.69% of the company’s stock.
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About Barrick Gold Corporation
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.
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