Barrick Gold Corp (ABX) Announces Quarterly Earnings, Misses Expectations By $0.07 EPS
Barrick Gold Corp (NYSE:ABX) announced its earnings results on Wednesday. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.07, American Banking and Market News reports. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was down 29.5% on a year-over-year basis.
ABX has been the subject of a number of recent research reports. Analysts at Haywood Securities raised their price target on shares of Barrick Gold Corp to $24.00 in a research note on Tuesday. On a related note, analysts at Scotiabank reiterated a “sector perform” rating on shares of Barrick Gold Corp in a research note on Friday, February 14th. Finally, analysts at Mackie downgraded shares of Barrick Gold Corp from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.99.
Barrick Gold Corp (NYSE:ABX) opened at 20.36 on Wednesday. Barrick Gold Corp has a 1-year low of $13.43 and a 1-year high of $31.60. The stock has a 50-day moving average of $18.79 and a 200-day moving average of $18.2. The company’s market cap is $23.712 billion.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, February 26th.
Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities.
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