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, Briefing.com 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%.
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.
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