Cormark Research Analysts Decrease Earnings Estimates for Barrick Gold Corp (ABX)

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Stock analysts at Cormark cut their Q3 2017 earnings per share (EPS) estimates for shares of Barrick Gold Corp in a report released on Friday. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.35. Cormark also issued estimates for Barrick Gold Corp’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.14 EPS.

A number of other research firms have also recently commented on ABX. Scotiabank reissued a “sector perform” rating and issued a C$30.00 target price on shares of Barrick Gold Corp in a report on Friday, April 7th. TD Securities reissued a “hold” rating and issued a C$27.00 target price on shares of Barrick Gold Corp in a report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barrick Gold Corp in a research note on Monday, April 24th. Clarkson Capital reaffirmed a “neutral” rating on shares of Barrick Gold Corp in a research note on Wednesday, May 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$24.00 price objective on shares of Barrick Gold Corp in a research note on Thursday, May 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Barrick Gold Corp presently has an average rating of “Hold” and an average target price of C$26.00.

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Shares of Barrick Gold Corp (TSE:ABX) opened at 21.08 on Monday. Barrick Gold Corp has a 52-week low of $18.52 and a 52-week high of $29.97. The firm has a 50-day moving average of $20.66 and a 200 day moving average of $23.29. The firm has a market cap of $24.58 billion and a PE ratio of 10.44.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Tuesday, August 29th.

Barrick Gold Corp 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.

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

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