Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) – Research analysts at Cormark lowered their Q1 2018 earnings per share (EPS) estimates for shares of Barrick Gold Corporation in a note issued to investors on Thursday. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.23. Cormark also issued estimates for Barrick Gold Corporation’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.71 EPS.

ABX has been the topic of several other research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Barrick Gold Corporation in a report on Friday, August 18th. Jefferies Group LLC set a $20.00 price target on Barrick Gold Corporation and gave the stock a “buy” rating in a report on Thursday, October 19th. Credit Suisse Group reissued a “buy” rating and issued a $22.00 price target on shares of Barrick Gold Corporation in a report on Sunday, September 24th. Citigroup Inc. reissued a “buy” rating on shares of Barrick Gold Corporation in a report on Wednesday, September 6th. Finally, BMO Capital Markets set a $18.00 price target on Barrick Gold Corporation and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Twelve investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.55.

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Shares of Barrick Gold Corporation (NYSE ABX) traded down 1.280% during midday trading on Monday, reaching $14.265. The company’s stock had a trading volume of 8,835,273 shares. The company’s 50-day moving average price is $16.27 and its 200 day moving average price is $16.60. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $20.78. The firm has a market capitalization of $16.63 billion, a PE ratio of 7.062 and a beta of -0.34.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Barrick Gold Corporation had a net margin of 25.72% and a return on equity of 7.84%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the firm posted $0.24 EPS. Barrick Gold Corporation’s quarterly revenue was down 15.8% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, November 29th. Barrick Gold Corporation’s payout ratio is currently 6.45%.

A number of institutional investors have recently made changes to their positions in the business. Highland Capital Management LLC raised its stake in Barrick Gold Corporation by 0.3% during the 2nd quarter. Highland Capital Management LLC now owns 47,758 shares of the basic materials company’s stock valued at $760,000 after acquiring an additional 130 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Barrick Gold Corporation by 0.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,308 shares of the basic materials company’s stock valued at $387,000 after acquiring an additional 143 shares in the last quarter. BB&T Securities LLC raised its stake in Barrick Gold Corporation by 1.0% during the 2nd quarter. BB&T Securities LLC now owns 21,114 shares of the basic materials company’s stock valued at $335,000 after acquiring an additional 213 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Barrick Gold Corporation by 0.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 47,015 shares of the basic materials company’s stock valued at $893,000 after acquiring an additional 328 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Barrick Gold Corporation by 0.7% during the 2nd quarter. M&T Bank Corp now owns 44,901 shares of the basic materials company’s stock valued at $713,000 after acquiring an additional 328 shares in the last quarter. 56.18% of the stock is currently owned by hedge funds and other institutional investors.

About Barrick Gold Corporation

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Earnings History and Estimates for Barrick Gold Corporation (NYSE:ABX)

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