Analysts forecast that Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) will report earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued 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 in the same quarter last year, which would suggest a positive year over year growth rate of 42.9%. The business is scheduled to issue its next earnings report 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 fiscal year, analysts forecast that the business will report earnings of $0.80 per share, with EPS estimates ranging from $0.60 to $1.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Barrick Gold Corporation.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by $0.07. Barrick Gold Corporation had a net margin of 16.44% and a return on equity of 8.34%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year.
Several research firms have weighed in on ABX. TD Securities reaffirmed a “hold” rating on shares of Barrick Gold Corporation in a research note on Sunday, May 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 target price on shares of Barrick Gold Corporation in a research note on Tuesday, July 18th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $19.00 target price on shares of Barrick Gold Corporation in a research note on Thursday, June 15th. Zacks Investment Research cut Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC lifted their target price on Barrick Gold Corporation from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.16.
Barrick Gold Corporation (ABX) traded down 4.69% during mid-day trading on Monday, reaching $15.43. 16,667,952 shares of the company traded hands. The firm’s 50-day moving average is $16.03 and its 200 day moving average is $17.59. The stock has a market capitalization of $17.99 billion, a PE ratio of 12.75 and a beta of -0.25. Barrick Gold Corporation has a 52-week low of $13.81 and a 52-week high of $22.94.
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A number of large investors have recently bought and sold shares of the company. State Street Corp raised its stake in Barrick Gold Corporation by 10.7% in the fourth quarter. State Street Corp now owns 826,813 shares of the basic materials company’s stock valued at $13,212,000 after buying an additional 80,077 shares during the period. Paradigm Financial Advisors LLC raised its stake in Barrick Gold Corporation by 6.3% in the first quarter. Paradigm Financial Advisors LLC now owns 29,373 shares of the basic materials company’s stock valued at $557,000 after buying an additional 1,735 shares during the period. Gulf International Bank UK Ltd raised its stake in Barrick Gold Corporation by 5.1% in the first quarter. Gulf International Bank UK Ltd now owns 362,476 shares of the basic materials company’s stock valued at $6,875,000 after buying an additional 17,650 shares during the period. Quadrant Capital Group LLC raised its stake in Barrick Gold Corporation by 275.8% in the first quarter. Quadrant Capital Group LLC now owns 5,592 shares of the basic materials company’s stock valued at $104,000 after buying an additional 4,104 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its stake in Barrick Gold Corporation by 15.3% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,471,766 shares of the basic materials company’s stock valued at $24,454,000 after buying an additional 195,478 shares during the period. 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.
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