Barrick Gold (GOLD) to Release Earnings on Thursday

Barrick Gold (NYSE:GOLD) (TSE:ABX) will be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect Barrick Gold to post earnings of $0.35 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. Barrick Gold’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, analysts expect Barrick Gold to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Gold Stock Performance

NYSE:GOLD opened at $18.87 on Wednesday. The company has a market cap of $32.99 billion, a P/E ratio of 21.94, a P/E/G ratio of 0.45 and a beta of 0.56. The firm’s 50 day moving average is $20.05 and its two-hundred day moving average is $18.45. Barrick Gold has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The company has a quick ratio of 2.31, a current ratio of 3.01 and a debt-to-equity ratio of 0.15.

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, August 30th. Barrick Gold’s dividend payout ratio (DPR) is currently 46.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GOLD shares. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. Raymond James dropped their target price on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, September 26th. Royal Bank of Canada lifted their price target on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Argus upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, August 29th. Finally, CIBC raised their target price on shares of Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.50.

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.