FY2017 Earnings Estimate for Barrick Gold Corp (ABX) Issued By Jefferies Group
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities researchers at Jefferies Group increased their FY2017 earnings estimates for Barrick Gold Corp in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings of $1.15 per share for the year, up from their prior forecast of $1.12. Jefferies Group also issued estimates for Barrick Gold Corp’s FY2020 earnings at $1.38 EPS.
A number of other equities analysts also recently commented on the company. BMO Capital Markets reissued an “outperform” rating and set a C$21.00 price objective on shares of Barrick Gold Corp in a research report on Friday, June 30th. TD Securities reissued a “hold” rating and set a C$27.00 price objective on shares of Barrick Gold Corp in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barrick Gold Corp in a research report on Friday, June 23rd. Scotiabank reissued a “sector perform” rating and set a C$30.00 price objective on shares of Barrick Gold Corp in a research report on Tuesday, July 4th. Finally, Canaccord Genuity lowered their price objective on Barrick Gold Corp from C$30.00 to C$27.50 in a research report on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$25.50.
Shares of Barrick Gold Corp (TSE:ABX) opened at 20.78 on Friday. The firm’s 50 day moving average is $21.05 and its 200 day moving average is $22.03. Barrick Gold Corp has a 52-week low of $18.52 and a 52-week high of $27.19. The stock has a market capitalization of $24.23 billion and a price-to-earnings ratio of 10.29.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Tuesday, August 29th.
About Barrick Gold Corp
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.
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