Barrick Gold (TSE:ABX) (NYSE:ABX) – Investment analysts at Desjardins dropped their Q1 2018 earnings per share (EPS) estimates for shares of Barrick Gold in a report issued on Monday, April 16th. Desjardins analyst J. Wolfson now expects that the company will post earnings of $0.16 per share for the quarter, down from their prior forecast of $0.19. Desjardins also issued estimates for Barrick Gold’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.28 EPS and FY2019 earnings at $0.68 EPS.
Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.26 by C$0.02. The company had revenue of C$2.83 billion for the quarter, compared to analyst estimates of C$2.76 billion. Barrick Gold had a negative net margin of 36.36% and a negative return on equity of 27.89%.
Other analysts have also issued research reports about the stock. BMO Capital Markets set a C$15.00 price target on shares of Barrick Gold and gave the company a “market perform” rating in a research report on Thursday, February 15th. Canaccord Genuity raised their price target on shares of Barrick Gold from C$24.50 to C$27.00 in a research report on Friday, January 19th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$21.50.
ABX stock opened at C$16.37 on Tuesday. Barrick Gold has a one year low of C$14.26 and a one year high of C$26.61.
In related news, Director Pablo Marcet bought 4,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of C$15.68 per share, for a total transaction of C$62,720.00. Also, Director John Lawson Thornton bought 306,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was bought at an average price of C$11.72 per share, for a total transaction of C$3,586,320.00. In the last quarter, insiders bought 338,845 shares of company stock worth $5,082,692.
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About Barrick Gold
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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