Barrick Gold (ABX) Scheduled to Post Quarterly Earnings on Monday

Barrick Gold (NYSE:ABX) (TSE:ABX) is scheduled to be announcing its earnings results after the market closes on Monday, April 23rd. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its earnings results on Wednesday, February 14th. The basic materials company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Barrick Gold had a net margin of 17.17% and a return on equity of 7.59%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm earned $0.22 earnings per share. Barrick Gold’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts expect Barrick Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE ABX opened at $13.17 on Friday. Barrick Gold has a twelve month low of $11.07 and a twelve month high of $19.38. The firm has a market cap of $15,473.00, a P/E ratio of 17.56, a PEG ratio of 8.05 and a beta of -0.17. The company has a quick ratio of 1.60, a current ratio of 2.68 and a debt-to-equity ratio of 0.58.

A number of equities analysts recently weighed in on ABX shares. Zacks Investment Research downgraded shares of Barrick Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 12th. Raymond James lowered their target price on shares of Barrick Gold from $19.00 to $17.00 and set a “market perform” rating for the company in a research note on Monday, February 26th. Deutsche Bank lowered their target price on shares of Barrick Gold from $17.50 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 15th. Argus downgraded shares of Barrick Gold from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, Jefferies Group set a $17.00 target price on shares of Barrick Gold and gave the stock a “buy” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. Barrick Gold currently has an average rating of “Hold” and an average price target of $16.49.

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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.

Earnings History for Barrick Gold (NYSE:ABX)

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