Barrick Gold Corp (ABX) Scheduled to Post Earnings on Thursday
Barrick Gold Corp (NYSE:ABX) is scheduled to announce its Q313 earnings results on Thursday, October 31st. Analysts expect the company to announce earnings of $0.49 per share and revenue of $2.96 billion for the quarter.
Barrick Gold Corp (NYSE:ABX) last released its earnings data on Thursday, August 1st. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.12. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts expect Barrick Gold Corp to post $2.64 EPS for the current fiscal year and $2.27 EPS for the next fiscal year.
Shares of Barrick Gold Corp (NYSE:ABX) opened at 19.77 on Wednesday. Barrick Gold Corp has a 1-year low of $13.43 and a 1-year high of $43.19. The stock has a 50-day moving average of $18.38 and a 200-day moving average of $20.65. The company’s market cap is $19.793 billion.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Barrick Gold Corp in a research note to investors on Thursday, October 24th. They set a “hold” rating on the stock. On a related note, analysts at CIBC reiterated a “sector perform” rating on shares of Barrick Gold Corp in a research note to investors on Wednesday, October 23rd. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Barrick Gold Corp in a research note to investors on Tuesday, October 22nd. They now have a $17.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $23.43.
Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities.
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