Barrick Gold (ABX) Scheduled to Post Earnings on Wednesday

Barrick Gold (TSE:ABX) (NYSE:ABX) is set to release its earnings data after the market closes on Wednesday, February 14th. Analysts expect Barrick Gold to post earnings of C$0.27 per share for the quarter.

Barrick Gold (TSE ABX) opened at C$16.87 on Wednesday. Barrick Gold has a 1 year low of C$16.66 and a 1 year high of C$27.19. The company has a market cap of $19,670.00, a PE ratio of 7.21 and a beta of -0.82.

A number of brokerages have issued reports on ABX. Royal Bank of Canada downgraded shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. CSFB reduced their price objective 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. BMO Capital Markets reiterated a “market perform” rating and set a C$18.00 price objective on shares of Barrick Gold in a research note on Friday, October 13th. Desjardins reiterated a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Finally, Canaccord Genuity reduced their price objective on shares of Barrick Gold from C$27.50 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, October 20th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$23.17.

In other news, Director Graham G. Clow acquired 5,000 shares of Barrick Gold stock in a transaction on Tuesday, December 19th. The shares were purchased at an average cost of C$14.44 per share, for a total transaction of C$72,200.00. Also, Director Pablo Marcet acquired 2,500 shares of Barrick Gold stock in a transaction on Friday, December 15th. The shares were purchased at an average price of C$14.10 per share, for a total transaction of C$35,250.00. Insiders have acquired 91,535 shares of company stock worth $1,617,559 over the last quarter.

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Barrick Gold Company Profile

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 for Barrick Gold (TSE:ABX)

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