Barrick Gold (ABX) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Barrick Gold (NYSE:ABX) (TSE:ABX) announced its earnings results on Wednesday. The basic materials company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02, reports. Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year.

Shares of Barrick Gold (NYSE ABX) traded up $0.43 during trading hours on Wednesday, reaching $13.65. 17,445,061 shares of the company were exchanged, compared to its average volume of 12,620,000. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.56 and a current ratio of 2.73. The firm has a market capitalization of $15,910.00, a P/E ratio of 7.30, a P/E/G ratio of 7.12 and a beta of -0.35. Barrick Gold has a 1 year low of $12.60 and a 1 year high of $20.78.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.88%. Barrick Gold’s payout ratio is currently 6.42%.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets set a $15.00 target price on shares of Barrick Gold and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Zacks Investment Research downgraded shares of Barrick Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Credit Suisse Group reiterated a “hold” rating and set a $19.00 target price on shares of Barrick Gold in a research note on Thursday, January 18th. TD Securities increased their target price on shares of Barrick Gold from $17.00 to $17.50 and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, Desjardins reiterated a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Barrick Gold has an average rating of “Hold” and an average target price of $18.41.

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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.

Earnings History for Barrick Gold (NYSE:ABX)

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