Barrick Gold (NYSE:ABX) (TSE:ABX) – Research analysts at Desjardins reduced their Q1 2018 earnings per share (EPS) estimates for Barrick Gold in a report released on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the basic materials company will post earnings per share of $0.13 for the quarter, down from their prior estimate of $0.15. Desjardins also issued estimates for Barrick Gold’s Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.22 EPS and FY2019 earnings at $0.54 EPS.
ABX has been the topic of several other research reports. Zacks Investment Research lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Morgan Stanley dropped their target price on shares of Barrick Gold from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada upgraded shares of Barrick Gold from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from $17.00 to $16.00 in a research report on Monday, March 12th. Credit Suisse Group reiterated a “hold” rating and issued a $19.00 target price on shares of Barrick Gold in a research report on Thursday, January 18th. Finally, TD Securities lifted their target price on shares of Barrick Gold from $17.00 to $17.50 and gave the company a “hold” rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, fifteen 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 $16.49.
ABX stock opened at $13.03 on Tuesday. The firm has a market cap of $15,344.64, a P/E ratio of 17.37, a PEG ratio of 7.95 and a beta of -0.18. The company has a current ratio of 2.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. Barrick Gold has a one year low of $11.07 and a one year high of $20.04.
Barrick Gold (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results 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. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.21 billion. Barrick Gold had a net margin of 17.17% and a return on equity of 7.59%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share.
Large investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. lifted its stake in shares of Barrick Gold by 99.8% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 9,648 shares of the basic materials company’s stock worth $140,000 after buying an additional 4,820 shares in the last quarter. HRT Financial LLC purchased a new position in shares of Barrick Gold in the fourth quarter worth about $146,000. Fruth Investment Management purchased a new position in shares of Barrick Gold in the fourth quarter worth about $150,000. Meitav Dash Investments Ltd. purchased a new position in Barrick Gold during the fourth quarter worth about $195,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in Barrick Gold during the fourth quarter worth about $219,000. 52.89% of the stock is currently owned by hedge funds and other institutional investors.
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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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