Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Desjardins upped their FY2017 earnings estimates for shares of Barrick Gold in a research note issued on Friday. Desjardins analyst J. Wolfson now anticipates that the company will earn $0.97 per share for the year, up from their prior forecast of $0.96. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Barrick Gold’s Q4 2017 earnings at $0.31 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.99 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.93 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Wednesday, October 25th. The company reported C$0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.21. Barrick Gold had a negative net margin of 2.16% and a negative return on equity of 0.46%.

ABX has been the subject of a number of other research reports. Eight Capital reaffirmed a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. Royal Bank of Canada downgraded shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Canaccord Genuity dropped their price objective on shares of Barrick Gold from C$30.00 to C$27.50 in a research note on Friday, September 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 price objective on shares of Barrick Gold in a research note on Friday, October 13th. Finally, TD Securities dropped their price objective on shares of Barrick Gold to C$22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Barrick Gold presently has an average rating of “Hold” and a consensus price target of C$22.83.

Barrick Gold (TSE:ABX) opened at C$18.88 on Monday. Barrick Gold has a one year low of C$17.07 and a one year high of C$27.19. The company has a market cap of $22,020.00, a PE ratio of 8.14 and a beta of -0.88.

In other Barrick Gold news, Director Graham G. Clow bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of C$14.44 per share, with a total value of C$72,200.00. Also, insider Richard James Elton Williams bought 27,302 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average cost of C$17.97 per share, with a total value of C$490,616.94. In the last ninety days, insiders have bought 91,535 shares of company stock valued at $1,617,559.

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Barrick Gold 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 (TSE:ABX)

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