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

Barrick Gold (NYSE:GOLD) (TSE:ABX) will be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings data on Wednesday, February 14th. The gold and copper producer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a return on equity of 4.64% and a net margin of 11.16%. During the same quarter last year, the company earned $0.13 earnings per share. On average, analysts expect Barrick Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Barrick Gold Stock Up 1.6 %

GOLD opened at $16.69 on Wednesday. The company has a quick ratio of 2.40, a current ratio of 3.16 and a debt-to-equity ratio of 0.15. The firm has a market cap of $29.30 billion, a P/E ratio of 23.18, a PEG ratio of 1.59 and a beta of 0.58. Barrick Gold has a 52 week low of $13.76 and a 52 week high of $20.75. The business’s fifty day simple moving average is $15.99 and its 200 day simple moving average is $16.28.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.074 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Wednesday, February 28th. Barrick Gold’s payout ratio is currently 55.56%.

Wall Street Analyst Weigh In

GOLD has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Barrick Gold in a research note on Monday, March 4th. Scotiabank decreased their price target on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, February 20th. TD Securities decreased their price target on Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. CIBC decreased their price target on Barrick Gold from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, National Bank Financial reissued a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.06.

About Barrick Gold

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.