FY2018 Earnings Forecast for Barrick Gold Corp Issued By Desjardins (ABX)

Share on StockTwits

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Research analysts at Desjardins raised their FY2018 EPS estimates for Barrick Gold in a report issued on Monday, January 7th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.52 per share for the year, up from their previous estimate of $0.51.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Wednesday, October 24th. The company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.08 by C$0.02. The company had revenue of C$2.40 billion for the quarter, compared to analysts’ expectations of C$2.35 billion.

Several other brokerages have also commented on ABX. Canaccord Genuity boosted their target price on shares of Barrick Gold from C$17.00 to C$17.50 in a research report on Thursday, November 8th. JPMorgan Chase & Co. lifted their price target on Barrick Gold from C$17.00 to C$18.00 in a research note on Wednesday. Cormark cut their price target on Barrick Gold from C$17.00 to C$16.50 in a research note on Sunday, October 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Barrick Gold in a research note on Wednesday, September 26th.

Shares of TSE ABX opened at C$16.37 on Thursday. Barrick Gold has a one year low of C$12.54 and a one year high of C$19.49. The company has a debt-to-equity ratio of 53.76, a quick ratio of 1.22 and a current ratio of 2.65.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 14th. Stockholders of record on Friday, December 28th will be paid a dividend of $0.093 per share. This represents a $0.37 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, December 27th. This is an increase from Barrick Gold’s previous quarterly dividend of $0.04. Barrick Gold’s payout ratio is -21.05%.

In other news, insider Gregory Alan Pool Walker purchased 11,656 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was acquired at an average price of C$17.02 per share, with a total value of C$198,385.12.

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.

Recommended Story: Penny Stocks

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.

Latest News

Restaurant Group  vs. Hino Motors  Head-To-Head Analysis
Restaurant Group vs. Hino Motors Head-To-Head Analysis
UBS Group Reiterates “€49.00” Price Target for Unilever
UBS Group Reiterates “€49.00” Price Target for Unilever
FY2018 Earnings Forecast for Barrick Gold Corp Issued By Desjardins
FY2018 Earnings Forecast for Barrick Gold Corp Issued By Desjardins
Head-To-Head Comparison: Eagle Bulk Shipping  and Diana Containerships
Head-To-Head Comparison: Eagle Bulk Shipping and Diana Containerships
Quanta Services Inc  Receives Average Rating of “Buy” from Analysts
Quanta Services Inc Receives Average Rating of “Buy” from Analysts
AnaptysBio Inc  Given Average Rating of “Buy” by Brokerages
AnaptysBio Inc Given Average Rating of “Buy” by Brokerages


Leave a Reply

© 2006-2019 Ticker Report