Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Desjardins issued their Q4 2017 earnings per share estimates for shares of Barrick Gold in a report released on Monday, Zacks Investment Research reports. Desjardins analyst J. Wolfson forecasts that the company will earn $0.28 per share for the quarter. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Barrick Gold’s Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.27 EPS, Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.24 EPS and Q3 2019 earnings at $0.24 EPS.
A number of other brokerages have also commented on ABX. Canaccord Genuity decreased their price objective on Barrick Gold from C$30.00 to C$27.50 in a research report on Friday, September 29th. Royal Bank of Canada lowered Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. Eight Capital reiterated a “neutral” rating on shares of Barrick Gold in a research report on Thursday, November 16th. BMO Capital Markets reiterated a “market perform” rating and issued a C$18.00 price objective on shares of Barrick Gold in a research report on Friday, October 13th. Finally, TD Securities decreased their price objective on Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Barrick Gold currently has a consensus rating of “Hold” and a consensus price target of C$22.43.
Barrick Gold (TSE ABX) opened at C$18.18 on Thursday. The company has a market capitalization of $21,280.00, a price-to-earnings ratio of 7.74 and a beta of -0.88. Barrick Gold has a 12-month low of C$17.07 and a 12-month high of C$27.19.
In other Barrick Gold news, Director Kelvin Paul Michael Dushnisky bought 56,733 shares of Barrick Gold stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of C$17.97 per share, for a total transaction of C$1,019,492.01. Also, Director Graham G. Clow bought 5,000 shares of Barrick Gold stock in a transaction on Tuesday, December 19th. The shares were acquired at an average price of C$14.44 per share, for a total transaction of C$72,200.00. Insiders bought a total of 91,535 shares of company stock worth $1,617,559 over the last 90 days.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a $0.037 dividend. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Wednesday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is currently 4.68%.
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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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