Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Research analysts at Raymond James lowered their Q3 2019 EPS estimates for shares of Barrick Gold in a report released on Wednesday, May 8th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.12. Raymond James also issued estimates for Barrick Gold’s Q4 2019 earnings at $0.09 EPS, FY2019 earnings at $0.45 EPS, Q1 2020 earnings at $0.14 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.14 EPS and FY2020 earnings at $0.55 EPS.
Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Wednesday, February 13th. The basic materials company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.01). The company had revenue of C$2.52 billion during the quarter, compared to the consensus estimate of C$2.59 billion.
Other research analysts also recently issued research reports about the company. Canaccord Genuity reduced their target price on Barrick Gold from C$19.00 to C$18.00 in a report on Tuesday, April 23rd. Desjardins upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a C$22.00 target price on the stock in a report on Wednesday, March 13th. Haywood Securities upped their target price on Barrick Gold from C$18.00 to C$19.00 in a report on Thursday, February 14th. Finally, GMP Securities reiterated a “hold” rating and set a C$17.15 target price on shares of Barrick Gold in a report on Wednesday, February 27th.
ABX stock opened at C$16.60 on Monday. Barrick Gold has a fifty-two week low of C$12.54 and a fifty-two week high of C$19.49. The company has a current ratio of 2.39, a quick ratio of 1.20 and a debt-to-equity ratio of 61.14. The company has a market cap of $28.19 billion and a price-to-earnings ratio of -12.54.
Several hedge funds have recently bought and sold shares of ABX. BlackRock Inc. grew its holdings in shares of Barrick Gold by 1,166.6% during the 1st quarter. BlackRock Inc. now owns 68,699,968 shares of the basic materials company’s stock worth $941,876,000 after acquiring an additional 63,276,124 shares during the period. FIL Ltd grew its stake in shares of Barrick Gold by 62.6% in the 1st quarter. FIL Ltd now owns 33,176,656 shares of the basic materials company’s stock worth $454,822,000 after buying an additional 12,772,192 shares during the last quarter. Boston Partners purchased a new stake in shares of Barrick Gold in the 1st quarter worth approximately $161,193,000. FMR LLC grew its stake in shares of Barrick Gold by 123.5% in the 4th quarter. FMR LLC now owns 15,759,704 shares of the basic materials company’s stock worth $212,753,000 after buying an additional 8,709,003 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Barrick Gold by 18.1% in the 1st quarter. First Eagle Investment Management LLC now owns 47,941,237 shares of the basic materials company’s stock worth $657,274,000 after buying an additional 7,356,630 shares during the last quarter.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.30%. Barrick Gold’s dividend payout ratio (DPR) is -12.08%.
Barrick Gold Company Profile
Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.
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