Barrick Gold Corp (NYSE:ABX) (TSE:ABX) – Research analysts at Cormark upped their Q3 2018 EPS estimates for Barrick Gold in a research report issued on Tuesday, September 25th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of $0.22 for the quarter, up from their prior forecast of $0.15. Cormark also issued estimates for Barrick Gold’s Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.65 EPS.

A number of other equities research analysts also recently weighed in on the stock. Citigroup raised shares of Barrick Gold from a “sell” rating to a “neutral” rating and set a $11.00 price objective for the company in a research report on Tuesday, August 28th. Morgan Stanley downgraded shares of Barrick Gold from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $14.00 to $12.00 in a research report on Tuesday, June 12th. Royal Bank of Canada downgraded shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $16.00 to $14.00 in a research report on Monday, July 30th. Jefferies Financial Group downgraded shares of Barrick Gold from a “buy” rating to a “hold” rating and lowered their price objective for the company from $17.00 to $11.00 in a research report on Monday, August 6th. Finally, Scotiabank reaffirmed a “hold” rating and set a $16.00 price objective on shares of Barrick Gold in a research report on Friday, July 27th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. Barrick Gold has an average rating of “Hold” and an average target price of $15.21.

Shares of NYSE:ABX opened at $11.13 on Thursday. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 0.51. Barrick Gold has a fifty-two week low of $9.53 and a fifty-two week high of $16.83. The stock has a market cap of $13.05 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 9.30 and a beta of -0.37.

Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Barrick Gold had a negative net margin of 3.38% and a positive return on equity of 6.13%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company earned $0.22 EPS. Barrick Gold’s quarterly revenue was down 20.7% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the business. Stevens Capital Management LP acquired a new position in Barrick Gold during the 2nd quarter valued at about $1,582,000. BlueMountain Capital Management LLC acquired a new position in Barrick Gold during the 2nd quarter valued at about $790,000. Bridgewater Associates LP boosted its stake in Barrick Gold by 221.5% during the 2nd quarter. Bridgewater Associates LP now owns 507,501 shares of the basic materials company’s stock valued at $6,663,000 after purchasing an additional 349,625 shares during the period. State of Wisconsin Investment Board boosted its stake in Barrick Gold by 4.6% during the 2nd quarter. State of Wisconsin Investment Board now owns 940,726 shares of the basic materials company’s stock valued at $12,350,000 after purchasing an additional 41,140 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Barrick Gold by 144.4% during the 2nd quarter. Toronto Dominion Bank now owns 7,729,036 shares of the basic materials company’s stock valued at $103,335,000 after purchasing an additional 4,567,102 shares during the period. 52.65% of the stock is owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, August 30th. Barrick Gold’s payout ratio is 16.00%.

About Barrick Gold

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 (NYSE:ABX)

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