Barrick Gold (ABX) Set to Announce Earnings on Thursday

Barrick Gold (TSE:ABX) (NYSE:ABX) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Barrick Gold to post earnings of C$0.47 per share for the quarter.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Monday, August 12th. The basic materials company reported C$0.44 EPS for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.08. Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. The company had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.12 billion.

Barrick Gold Price Performance

Shares of Barrick Gold stock opened at C$27.88 on Thursday. Barrick Gold has a one year low of C$18.65 and a one year high of C$29.50. The stock’s fifty day moving average is C$27.43 and its 200 day moving average is C$24.98. The stock has a market cap of C$48.79 billion, a P/E ratio of 23.43, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01.

Barrick Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.138 dividend. This is a boost from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Friday, August 30th. Barrick Gold’s dividend payout ratio (DPR) is currently 45.38%.

Analyst Ratings Changes

A number of brokerages recently commented on ABX. Canaccord Genuity Group raised their target price on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. Stifel Nicolaus increased their price target on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Eight Capital increased their price target on Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. Finally, TD Securities reiterated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Barrick Gold has a consensus rating of “Buy” and an average target price of C$30.77.

Insider Activity

In other news, Director Andrew James Quinn acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of C$26.00 per share, for a total transaction of C$129,999.00. In other Barrick Gold news, Director Andrew James Quinn purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of C$26.00 per share, with a total value of C$129,999.00. Also, Director Christopher Lewis Coleman sold 121,334 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. Insiders sold a total of 235,334 shares of company stock worth $5,741,477 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.