Barrick Gold (ABX) to Release Earnings on Wednesday

Barrick Gold (TSE:ABX) (NYSE:ABX) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.26 per share for the quarter.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. The company had revenue of C$4.16 billion during the quarter, compared to analysts’ expectations of C$4.28 billion.

Barrick Gold Stock Up 1.4 %

Shares of TSE ABX opened at C$23.69 on Tuesday. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. The firm’s 50-day moving average is C$22.01 and its two-hundred day moving average is C$22.15. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$28.19. The company has a market capitalization of C$41.69 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, February 28th. Barrick Gold’s payout ratio is currently 54.55%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ABX shares. Sanford C. Bernstein boosted their price target on Barrick Gold from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. CIBC reissued an “outperform” rating and issued a C$31.00 target price on shares of Barrick Gold in a research note on Thursday, February 15th. Canaccord Genuity Group raised their price target on shares of Barrick Gold from C$27.00 to C$30.00 in a research note on Tuesday, April 23rd. Raymond James cut their price objective on shares of Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. Finally, National Bankshares decreased their target price on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.27.

About Barrick Gold

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.