Barrick Gold (ABX) Set to Announce Quarterly Earnings on Wednesday

Barrick Gold (TSE:ABX) (NYSE:ABX) is scheduled to be issuing its quarterly earnings data 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 released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$4.16 billion for the quarter, compared to analysts’ expectations of C$4.28 billion.

Barrick Gold Price Performance

Barrick Gold stock opened at C$22.80 on Wednesday. The stock has a market cap of C$40.13 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.94 and a beta of 0.46. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 16.32. The business has a 50-day simple moving average of C$21.72 and a 200 day simple moving average of C$22.07. Barrick Gold has a 52 week low of C$18.65 and a 52 week high of C$28.19.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is currently 54.55%.

Wall Street Analyst Weigh In

ABX has been the topic of a number of research reports. Eight Capital raised their price objective on Barrick Gold from C$32.00 to C$36.00 and gave the company a “buy” rating in a report on Monday. Sanford C. Bernstein increased their target price on shares of Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Stifel Nicolaus boosted their price target on shares of Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Raymond James cut their price target 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 price objective on Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$29.27.

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.