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.
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 ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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