Barrick Gold Corp Expected to Post FY2017 Earnings of $0.97 Per Share (ABX)
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities researchers at Desjardins raised their FY2017 earnings per share estimates for shares of Barrick Gold in a research report issued on Friday. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.97 per share for the year, up from their prior estimate of $0.96. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Barrick Gold’s Q4 2017 earnings at $0.31 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.99 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.93 EPS.
ABX has been the topic of several other reports. CSFB decreased their price target on shares of Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. TD Securities decreased their price target on shares of Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. BMO Capital Markets reissued a “market perform” rating and set a C$18.00 price target on shares of Barrick Gold in a research note on Friday, October 13th. Eight Capital reissued a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. Finally, Royal Bank of Canada downgraded shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$22.83.
In other news, Director Pablo Marcet bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of C$14.10 per share, with a total value of C$35,250.00. Also, insider Richard James Elton Williams bought 27,302 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of C$17.97 per share, for a total transaction of C$490,616.94. Over the last ninety days, insiders purchased 91,535 shares of company stock worth $1,617,559.
TRADEMARK VIOLATION WARNING: “Barrick Gold Corp Expected to Post FY2017 Earnings of $0.97 Per Share (ABX)” was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/01/15/barrick-gold-corp-expected-to-post-fy2017-earnings-of-0-97-per-share-abx.html.
About Barrick Gold
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.
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.