Barrick Gold (TSE:ABX – Get Rating) (NYSE:ABX) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 4th. Analysts expect Barrick Gold to post earnings of C$0.34 per share for the quarter.
Barrick Gold (TSE:ABX – Get Rating) (NYSE:ABX) last released its quarterly earnings results on Wednesday, February 16th. The basic materials company reported C$0.44 EPS for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.07. The company had revenue of C$4.17 billion during the quarter, compared to the consensus estimate of C$4.35 billion.
TSE ABX opened at C$28.66 on Wednesday. The business’s 50-day moving average price is C$30.56 and its two-hundred day moving average price is C$26.38. Barrick Gold has a 12 month low of C$22.30 and a 12 month high of C$33.50. The firm has a market capitalization of C$51.00 billion and a PE ratio of 20.01. The company has a current ratio of 3.95, a quick ratio of 2.98 and a debt-to-equity ratio of 16.94.
Several equities research analysts recently commented on the company. Royal Bank of Canada set a C$23.00 target price on Barrick Gold and gave the company an “outperform” rating in a research report on Tuesday, February 15th. Raymond James upped their target price on Barrick Gold from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, February 11th. Fundamental Research upped their target price on Barrick Gold to C$33.50 and gave the company a “buy” rating in a research report on Tuesday, March 1st. National Bank Financial cut their target price on Barrick Gold to C$29.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 23rd. Finally, Eight Capital upped their target price on Barrick Gold from C$34.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$32.27.
About Barrick Gold (Get Rating)
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, CÃ´te d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States.
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