Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Research analysts at Desjardins lifted their FY2017 EPS estimates for shares of Barrick Gold in a research note issued on Friday. Desjardins analyst J. Wolfson now expects that the company will post earnings of $0.97 per share for the year, up from their prior estimate of $0.96. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Barrick Gold’s Q4 2017 earnings at $0.31 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.99 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.93 EPS.
Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Wednesday, October 25th. The company reported C$0.21 EPS for the quarter, hitting the consensus estimate of C$0.21. Barrick Gold had a negative net margin of 2.16% and a negative return on equity of 0.46%.
Several other equities research analysts have also commented on ABX. 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. CSFB decreased their price objective on shares of Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Canaccord Genuity decreased their price objective on shares of Barrick Gold from C$30.00 to C$27.50 in a research report on Friday, September 29th. Royal Bank of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. Finally, TD Securities decreased their price objective on shares of Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$22.83.
Shares of Barrick Gold (TSE ABX) opened at C$18.88 on Monday. The company has a market cap of $22,020.00, a price-to-earnings ratio of 8.14 and a beta of -0.88. Barrick Gold has a 1 year low of C$17.07 and a 1 year high of C$27.19.
In other news, Director Kelvin Paul Michael Dushnisky bought 56,733 shares of Barrick Gold stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of C$17.97 per share, for a total transaction of C$1,019,492.01. Also, insider Richard James Elton Williams bought 27,302 shares of Barrick Gold stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average price of C$17.97 per share, for a total transaction of C$490,616.94. Insiders purchased a total of 91,535 shares of company stock worth $1,617,559 over the last quarter.
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About Barrick Gold
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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