Q1 2018 EPS Estimates for Barrick Gold Lowered by Analyst (ABX)

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.

How to Become a New Pot Stock Millionaire

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.

ILLEGAL ACTIVITY NOTICE: “Q1 2018 EPS Estimates for Barrick Gold Lowered by Analyst (ABX)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/17/q1-2018-eps-estimates-for-barrick-gold-lowered-by-analyst-abx.html.

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.

Earnings History and Estimates for Barrick Gold (TSE:ABX)

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply