Analysts predict that Barrick Gold Corp (NYSE:ABX) (TSE:ABX) will announce earnings of $0.15 per share for the current quarter, according to Zacks. Two analysts have made estimates for Barrick Gold’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.08. Barrick Gold posted earnings per share of $0.16 in the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, October 24th.

According to Zacks, analysts expect that Barrick Gold will report full year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.37 to $0.85. For the next financial year, analysts expect that the business will report earnings of $0.59 per share, with EPS estimates ranging from $0.39 to $0.86. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Barrick Gold.

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

Several brokerages have commented on ABX. Zacks Investment Research lowered shares of Barrick Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. JPMorgan Chase & Co. lowered their price objective on shares of Barrick Gold from $15.50 to $13.00 and set a “neutral” rating for the company in a report on Monday, September 17th. ValuEngine downgraded shares of Barrick Gold from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 target price on shares of Barrick Gold in a research note on Friday. Finally, TD Securities set a $14.00 target price on shares of Barrick Gold and gave the company a “hold” rating in a research note on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company. Barrick Gold has an average rating of “Hold” and an average price target of $15.00.

Shares of ABX opened at $10.47 on Friday. 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 one year low of $9.53 and a one year high of $16.83. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 8.77 and a beta of -0.37.

The company also recently declared a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, August 30th. Barrick Gold’s dividend payout ratio (DPR) is currently 16.00%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Vista LLC bought a new stake in shares of Barrick Gold during the first quarter valued at approximately $125,000. First City Capital Management Inc. bought a new stake in shares of Barrick Gold during the second quarter valued at approximately $161,000. HRT Financial LLC bought a new stake in shares of Barrick Gold during the second quarter valued at approximately $172,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Barrick Gold during the second quarter valued at approximately $216,000. Finally, Trexquant Investment LP bought a new stake in shares of Barrick Gold during the second quarter valued at approximately $224,000. 52.65% of the stock is owned by institutional investors.

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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