Analysts Expect Barrick Gold Corp (ABX) to Post $0.21 Earnings Per Share

Wall Street brokerages predict that Barrick Gold Corp (NYSE:ABX) (TSE:ABX) will post $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Barrick Gold’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.24. Barrick Gold reported earnings of $0.22 per share in the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The company is expected to announce its next earnings results after the market closes on Wednesday, February 14th.

According to Zacks, analysts expect that Barrick Gold will report full year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.69 to $0.88. For the next year, analysts expect that the company will report earnings of $0.92 per share, with EPS estimates ranging from $0.71 to $1.07. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Barrick Gold.

Several equities research analysts have commented on the company. Berenberg Bank restated a “hold” rating on shares of Barrick Gold in a research report on Tuesday, October 24th. Credit Suisse Group restated a “hold” rating and issued a $19.00 price objective on shares of Barrick Gold in a research report on Thursday, January 18th. BMO Capital Markets set a $15.00 price objective on Barrick Gold and gave the stock a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered Barrick Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Finally, Desjardins restated a “hold” rating on shares of Barrick Gold in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.41.

Institutional investors and hedge funds have recently modified their holdings of the business. Shine Investment Advisory Services Inc. increased its stake in shares of Barrick Gold by 99.8% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 9,648 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 4,820 shares during the last quarter. Fruth Investment Management acquired a new stake in shares of Barrick Gold in the 4th quarter worth $150,000. Boothbay Fund Management LLC acquired a new stake in shares of Barrick Gold in the 3rd quarter worth $187,000. Sciencast Management LP acquired a new stake in shares of Barrick Gold in the 2nd quarter worth $204,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in shares of Barrick Gold in the 3rd quarter worth $209,000. 55.77% of the stock is owned by institutional investors and hedge funds.

Shares of Barrick Gold (NYSE ABX) traded down $0.17 during trading hours on Friday, reaching $13.06. 19,850,000 shares of the company traded hands, compared to its average volume of 11,750,000. Barrick Gold has a one year low of $12.60 and a one year high of $20.78. The company has a current ratio of 2.73, a quick ratio of 1.56 and a debt-to-equity ratio of 0.55. The firm has a market cap of $15,230.00, a P/E ratio of 6.98, a PEG ratio of 7.26 and a beta of -0.35.

TRADEMARK VIOLATION WARNING: “Analysts Expect Barrick Gold Corp (ABX) to Post $0.21 Earnings Per Share” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/02/09/analysts-expect-barrick-gold-corp-abx-to-post-0-21-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Barrick Gold (ABX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit