Brokers Offer Predictions for Barrick Gold’s FY2019 Earnings (ABX)

Barrick Gold (TSE:ABX) (NYSE:ABX) – Stock analysts at Jefferies Group reduced their FY2019 EPS estimates for shares of Barrick Gold in a research report issued on Tuesday, April 24th. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $1.11 per share for the year, down from their previous estimate of $1.15. Jefferies Group also issued estimates for Barrick Gold’s FY2020 earnings at $1.29 EPS.

How to Become a New Pot Stock Millionaire

A number of other equities analysts have also recently commented on ABX. Canaccord Genuity boosted their price target on shares of Barrick Gold from C$24.50 to C$27.00 in a research note on Friday, January 19th. BMO Capital Markets set a C$15.00 price target on shares of Barrick Gold and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Finally, Desjardins cut their price target on shares of Barrick Gold from C$19.50 to C$19.00 in a research note on Wednesday, February 21st. Nine investment analysts have rated the stock with a hold rating, Barrick Gold has a consensus rating of “Hold” and an average price target of C$21.00.

ABX stock traded up C$0.32 during midday trading on Thursday, reaching C$17.64. The company had a trading volume of 888,519 shares, compared to its average volume of 2,865,769. Barrick Gold has a 1 year low of C$14.26 and a 1 year high of C$23.66.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Wednesday, February 14th. The company reported C$0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.26 by C$0.02. The business 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%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be paid a $0.039 dividend. This is a boost from Barrick Gold’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, May 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.88%.

In other Barrick Gold news, Director Pablo Marcet acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of C$1,000.00 per share, with a total value of C$1,000,000.00. Also, insider Robert Ljubomir Krcmarov acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was acquired at an average cost of C$15.71 per share, with a total value of C$31,420.00. Insiders bought a total of 338,845 shares of company stock valued at $5,082,692 in the last ninety days.

ILLEGAL ACTIVITY WARNING: “Brokers Offer Predictions for Barrick Gold’s FY2019 Earnings (ABX)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/04/26/brokers-offer-predictions-for-barrick-golds-fy2019-earnings-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