Media coverage about Barrick Gold (NYSE:ABX) (TSE:ABX) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news 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 coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.2316675228031 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
NYSE ABX traded up $0.12 during mid-day trading on Friday, hitting $12.69. The stock had a trading volume of 9,038,823 shares, compared to its average volume of 11,205,412. Barrick Gold has a twelve month low of $11.07 and a twelve month high of $20.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.60 and a current ratio of 2.68. The company has a market cap of $14,807.87, a P/E ratio of 16.92, a P/E/G ratio of 7.52 and a beta of -0.17.
Barrick Gold (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Barrick Gold had a return on equity of 7.59% and a net margin of 17.17%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the company earned $0.22 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. sell-side analysts predict that Barrick Gold will post 0.84 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, February 27th. Barrick Gold’s dividend payout ratio is currently 16.00%.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group restated a “hold” rating and set a $19.00 price target on shares of Barrick Gold in a research note on Thursday, January 18th. BMO Capital Markets set a $15.00 price target on Barrick Gold and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Desjardins reiterated a “hold” rating on shares of Barrick Gold in a research report on Monday, December 11th. Zacks Investment Research lowered Barrick Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Scotiabank dropped their target price on Barrick Gold from $19.50 to $16.50 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. Barrick Gold has a consensus rating of “Hold” and an average target price of $16.80.
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Barrick Gold Company Profile
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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