Barrick Gold (ABX) Earning Somewhat Favorable Media Coverage, Study Shows

News articles about Barrick Gold (NYSE:ABX) (TSE:ABX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Barrick Gold earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.0020441740945 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday. BMO Capital Markets set a $16.00 price target on shares of Barrick Gold and gave the company a “hold” rating in a research note on Tuesday, December 19th. Desjardins reaffirmed a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Citigroup downgraded shares of Barrick Gold from a “buy” rating to a “sell” rating and set a $13.00 price target on the stock. in a research note on Thursday, November 30th. Finally, TD Securities decreased their price target on shares of Barrick Gold from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. Barrick Gold presently has an average rating of “Hold” and an average price target of $18.44.

Shares of Barrick Gold (NYSE:ABX) traded up $0.02 on Wednesday, hitting $14.58. 7,888,700 shares of the stock traded hands, compared to its average volume of 10,180,000. Barrick Gold has a 1-year low of $13.28 and a 1-year high of $20.78. The stock has a market capitalization of $17,000.00, a P/E ratio of 7.80, a P/E/G ratio of 8.45 and a beta of -0.42. The company has a current ratio of 2.73, a quick ratio of 1.56 and a debt-to-equity ratio of 0.55.

Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was down 15.8% compared to the same quarter last year. sell-side analysts forecast that Barrick Gold will post 0.75 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, November 29th. Barrick Gold’s dividend payout ratio is currently 6.42%.

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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.

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