Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities research analysts at Cormark decreased their FY2018 earnings estimates for Barrick Gold Corp in a research note issued on Thursday. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.91 for the year, down from their previous estimate of $1.14.

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Other analysts have also issued research reports about the company. Canaccord Genuity reduced their target price on Barrick Gold Corp from C$30.00 to C$27.50 in a research note on Friday, September 29th. TD Securities restated a “hold” rating and set a C$27.00 price target on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 price objective on shares of Barrick Gold Corp in a research report on Thursday, July 6th. CSFB dropped their price objective on Barrick Gold Corp to C$24.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Scotiabank reaffirmed 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$25.00.

Shares of Barrick Gold Corp (TSE:ABX) traded up 0.16% on Monday, reaching $18.87. 171,734 shares of the company’s stock were exchanged. The stock has a market cap of $22.00 billion and a price-to-earnings ratio of 9.34. Barrick Gold Corp has a one year low of $18.52 and a one year high of $27.19. The company’s 50 day moving average is $20.44 and its 200-day moving average is $21.57.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.037 per share. This is an increase from Barrick Gold Corp’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.79%.

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.

Earnings History and Estimates for Barrick Gold Corp (TSE:ABX)

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