Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) – Jefferies Group raised their FY2017 earnings per share estimates for Barrick Gold Corporation in a report released on Thursday. Jefferies Group analyst C. Lafemina now expects that the basic materials company will post earnings of $0.92 per share for the year, up from their prior estimate of $0.89. Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Barrick Gold Corporation’s FY2020 earnings at $1.10 EPS.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
Barrick Gold Corporation (NYSE:ABX) opened at 16.68 on Friday. The stock has a 50 day moving average of $17.00 and a 200 day moving average of $16.97. The firm has a market cap of $19.45 billion, a PE ratio of 8.26 and a beta of -0.34. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $20.78.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a $0.03 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. Barrick Gold Corporation’s dividend payout ratio is 5.94%.
Several large investors have recently made changes to their positions in ABX. Advisors Asset Management Inc. raised its position in shares of Barrick Gold Corporation by 116.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 3,543 shares during the period. FNY Managed Accounts LLC acquired a new stake in shares of Barrick Gold Corporation in the 1st quarter valued at approximately $116,000. FNY Partners Fund LP acquired a new stake in shares of Barrick Gold Corporation in the 2nd quarter valued at approximately $159,000. F&V Capital Management LLC acquired a new stake in shares of Barrick Gold Corporation in the 2nd quarter valued at approximately $161,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Barrick Gold Corporation in the 2nd quarter valued at approximately $161,000. Institutional investors and hedge funds own 55.70% of the company’s stock.
About Barrick Gold Corporation
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.
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