FY2018 EPS Estimates for Barrick Gold Lifted by Desjardins (TSE:ABX)

Barrick Gold (TSE:ABX) (NYSE:ABX) – Analysts at Desjardins raised their FY2018 EPS estimates for shares of Barrick Gold in a research note issued to investors on Monday, April 16th, Zacks Investment Research reports. Desjardins analyst J. Wolfson now expects that the company will earn $1.01 per share for the year, up from their previous forecast of $0.93. Desjardins also issued estimates for Barrick Gold’s Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.16 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Wednesday, February 14th. The company reported C$0.28 EPS for the quarter, beating the consensus estimate of C$0.26 by C$0.02. The company had revenue of C$2.83 billion during the quarter, compared to analysts’ expectations of C$2.76 billion. Barrick Gold had a negative net margin of 36.36% and a negative return on equity of 27.89%.



Other equities analysts have also issued research reports about the stock. Canaccord Genuity boosted their price target on shares of Barrick Gold from C$24.50 to C$27.00 in a report on Friday, January 19th. BMO Capital Markets set a C$15.00 price target on shares of Barrick Gold and gave the company a “market perform” rating in a report on Thursday, February 15th. Nine research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of C$21.00.

Shares of Barrick Gold stock opened at C$17.15 on Wednesday. Barrick Gold has a 52 week low of C$14.26 and a 52 week high of C$24.80.

In other Barrick Gold news, insider Robert Ljubomir Krcmarov acquired 2,000 shares of Barrick Gold stock in a transaction dated Wednesday, March 14th. The stock was bought at an average cost of C$15.71 per share, for a total transaction of C$31,420.00. Also, Director John Lawson Thornton acquired 306,000 shares of Barrick Gold stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of C$11.72 per share, with a total value of C$3,586,320.00. Over the last ninety days, insiders purchased 338,845 shares of company stock valued at $5,082,692.

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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.

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

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