Barrick Gold (TSE:ABX) Issues Quarterly Earnings Results

Barrick Gold (TSE:ABX) (NYSE:ABX) posted its earnings results on Monday. The basic materials company reported C$1.36 earnings per share (EPS) for the quarter, FiscalAI reports. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%.The company had revenue of C$5.81 billion for the quarter.

Barrick Gold Trading Down 2.5%

Shares of TSE:ABX opened at C$62.82 on Wednesday. Barrick Gold has a 12-month low of C$24.29 and a 12-month high of C$74.00. The company has a market capitalization of C$105.26 billion, a PE ratio of 21.44, a PEG ratio of 2.34 and a beta of 1.62. The business has a 50 day moving average of C$57.77 and a two-hundred day moving average of C$59.06. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 0.22.

Insider Transactions at Barrick Gold

In related news, Director Pekka Juhani Vauramo purchased 12,400 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was bought at an average cost of C$65.41 per share, with a total value of C$811,084.00. Following the completion of the acquisition, the director owned 12,400 shares of the company’s stock, valued at C$811,084. The trade was a ? increase in their position. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ABX. JPMorgan Chase & Co. cut their target price on Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. Stifel Nicolaus lifted their target price on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. DZ Bank upgraded Barrick Gold to a “strong-buy” rating in a research note on Monday, January 19th. Sanford C. Bernstein boosted their price target on Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Finally, Canaccord Genuity Group dropped their price target on Barrick Gold from C$80.00 to C$77.00 in a research note on Wednesday, February 18th. Five investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and a consensus target price of C$79.38.

About Barrick Gold

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.