Barrick Gold (GOLD) Expected to Announce Earnings on Wednesday

Barrick Gold (NYSE:GOLD) (TSE:ABX) is expected to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Barrick Gold to post earnings of $0.46 per share and revenue of $3.98 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Barrick Gold Trading Up 2.3 %

Shares of GOLD stock opened at $17.44 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. The firm has a market cap of $30.11 billion, a P/E ratio of 18.75, a PEG ratio of 0.39 and a beta of 0.55. The company has a 50 day moving average of $16.19 and a 200-day moving average of $18.17. Barrick Gold has a 12-month low of $13.76 and a 12-month high of $21.35.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Raymond James dropped their target price on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Bank of America cut Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $18.00 in a research report on Monday, January 27th. Finally, TD Securities cut their price objective on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Barrick Gold Company Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.