Barrick Gold (ABX) to Release Earnings on Thursday

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Barrick Gold to post earnings of C$0.47 per share for the quarter.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last announced its earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.36 by C$0.08. The company had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%.

Barrick Gold Price Performance

Shares of Barrick Gold stock traded down C$0.97 during midday trading on Thursday, reaching C$26.91. The company had a trading volume of 3,727,741 shares, compared to its average volume of 3,550,414. The stock has a fifty day simple moving average of C$27.43 and a 200 day simple moving average of C$24.98. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The company has a market capitalization of C$47.09 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Barrick Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.138 per share. The ex-dividend date was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Barrick Gold's previous quarterly dividend of $0.14. Barrick Gold's payout ratio is presently 45.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ABX shares. Stifel Nicolaus lifted their price objective on Barrick Gold from C$28.50 to C$33.50 in a research report on Monday, October 21st. Argus raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 29th. Canaccord Genuity Group upped their target price on shares of Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. TD Securities reaffirmed a "buy" rating and set a C$34.00 price objective on shares of Barrick Gold in a research note on Wednesday, October 16th. Finally, UBS Group lowered Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Barrick Gold has a consensus rating of "Moderate Buy" and a consensus price target of C$30.77.

Insider Buying and Selling

In related news, Director Christopher Lewis Coleman sold 121,334 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total value of C$3,409,485.40. In other news, Director Christopher Lewis Coleman sold 121,334 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total value of C$3,409,485.40. Also, Senior Officer Joel James Holliday sold 20,000 shares of the firm's stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$27.36, for a total transaction of C$547,298.10. In the last three months, insiders sold 235,334 shares of company stock valued at $5,741,477. 0.60% of the stock is owned by corporate insiders.

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.