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.
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.
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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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