Equities analysts expect Barrick Gold Corp (NYSE:ABX) (TSE:ABX) to report earnings of $0.24 per share for the current quarter, according to Zacks. Two analysts have made estimates for Barrick Gold Corp’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.38. Barrick Gold Corp reported earnings of $0.11 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 118.2%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, April 24th.
On average, analysts expect that Barrick Gold Corp will report full year earnings of $0.95 per share for the current year, with EPS estimates ranging from $0.75 to $1.51. For the next year, analysts expect that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.60 to $1.11. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Barrick Gold Corp.
Barrick Gold Corp (NYSE:ABX) last issued its quarterly earnings data on Wednesday, February 15th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business earned $2.32 million during the quarter, compared to analysts’ expectations of $2.27 billion. Barrick Gold Corp had a positive return on equity of 6.81% and a negative net margin of 28.22%.
A number of research firms have recently issued reports on ABX. Clarkson Capital downgraded shares of Barrick Gold Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 15th. Berenberg Bank reiterated a “sell” rating and set a $15.20 price target on shares of Barrick Gold Corp in a research report on Thursday, February 16th. BMO Capital Markets reiterated a “buy” rating on shares of Barrick Gold Corp in a research report on Friday, March 31st. Jefferies Group LLC set a $21.00 price target on shares of Barrick Gold Corp and gave the company a “buy” rating in a research report on Tuesday, March 14th. Finally, Barclays PLC reiterated a “hold” rating and set a $20.00 price target on shares of Barrick Gold Corp in a research report on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.86.
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Hedge funds have recently added to or reduced their stakes in the company. Majedie Asset Management Ltd boosted its stake in Barrick Gold Corp by 165.3% in the third quarter. Majedie Asset Management Ltd now owns 10,811,567 shares of the basic materials company’s stock valued at $191,581,000 after buying an additional 6,736,764 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Barrick Gold Corp by 20.5% in the third quarter. Nikko Asset Management Americas Inc. now owns 1,498,800 shares of the basic materials company’s stock valued at $26,558,000 after buying an additional 254,700 shares during the last quarter. KCG Holdings Inc. boosted its stake in Barrick Gold Corp by 86.0% in the third quarter. KCG Holdings Inc. now owns 113,609 shares of the basic materials company’s stock valued at $2,013,000 after buying an additional 52,521 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Barrick Gold Corp by 589.6% in the third quarter. Two Sigma Advisers LP now owns 1,839,174 shares of the basic materials company’s stock valued at $32,584,000 after buying an additional 1,572,470 shares during the last quarter. Finally, Comerica Bank boosted its stake in Barrick Gold Corp by 7.2% in the fourth quarter. Comerica Bank now owns 138,534 shares of the basic materials company’s stock valued at $2,337,000 after buying an additional 9,361 shares during the last quarter. 58.61% of the stock is owned by hedge funds and other institutional investors.
Shares of Barrick Gold Corp (NYSE:ABX) traded up 0.16% during trading on Tuesday, hitting $19.23. The stock had a trading volume of 10,490,371 shares. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of 34.34 and a beta of -0.24. The stock’s 50-day moving average is $18.99 and its 200-day moving average is $17.37. Barrick Gold Corp has a 12-month low of $13.81 and a 12-month high of $23.47.
About Barrick Gold Corp
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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