Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Research analysts at Jefferies Financial Group lowered their FY2019 EPS estimates for shares of Barrick Gold in a report released on Tuesday, July 9th. Jefferies Financial Group analyst C. Lafemina now anticipates that the basic materials company will post earnings of $0.50 per share for the year, down from their previous forecast of $0.51. Jefferies Financial Group also issued estimates for Barrick Gold’s FY2020 earnings at $0.55 EPS and FY2022 earnings at $0.63 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Wednesday, May 8th. The basic materials company reported C$0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.13 by C$0.02. The firm had revenue of C$2.78 billion for the quarter, compared to analyst estimates of C$2.89 billion.

Several other brokerages also recently issued reports on ABX. Canaccord Genuity downgraded shares of ProMetic Life Sciences to a “hold” rating in a research note on Tuesday, April 23rd. BMO Capital Markets reissued a “hold” rating on shares of Russel Metals in a research note on Thursday, July 4th.

Shares of TSE:ABX opened at C$21.41 on Wednesday. The firm’s fifty day moving average price is C$18.92. The company has a debt-to-equity ratio of 31.73, a quick ratio of 1.28 and a current ratio of 2.46. Barrick Gold has a 12-month low of C$12.54 and a 12-month high of C$21.81. The firm has a market cap of $37.51 billion and a P/E ratio of -17.56.

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, May 30th. Barrick Gold’s dividend payout ratio is currently -17.23%.

Several institutional investors have recently bought and sold shares of the company. Hudock Capital Group LLC grew its holdings in shares of Barrick Gold by 23.2% during the 1st quarter. Hudock Capital Group LLC now owns 3,336 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 628 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Barrick Gold by 48.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,433 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 797 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Barrick Gold by 2.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 34,419 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 919 shares in the last quarter. Rothschild Investment Corp IL grew its holdings in shares of Barrick Gold by 2.7% during the 1st quarter. Rothschild Investment Corp IL now owns 37,525 shares of the basic materials company’s stock valued at $514,000 after acquiring an additional 1,000 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Barrick Gold by 100.1% during the 1st quarter. CWM LLC now owns 2,698 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 1,350 shares in the last quarter.

Barrick Gold Company Profile

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.

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

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