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.
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.
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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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