Barrick Gold Corp (ABX) to Post Q4 2017 Earnings of $0.24 Per Share, Cormark Forecasts

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities research analysts at Cormark cut their Q4 2017 earnings estimates for shares of Barrick Gold in a research report issued to clients and investors on Tuesday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.26.

Several other brokerages have also recently weighed in on ABX. Canaccord Genuity lowered 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. Royal Bank of Canada cut shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Eight Capital restated a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. Desjardins restated a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Finally, TD Securities decreased their target price 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. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Barrick Gold presently has a consensus rating of “Hold” and an average price target of C$22.67.

Barrick Gold (ABX) opened at C$17.14 on Thursday. Barrick Gold has a one year low of C$15.90 and a one year high of C$27.19. The firm has a market cap of $19,990.00, a P/E ratio of 7.29 and a beta of -0.82.

In other news, Director Kelvin Paul Michael Dushnisky bought 56,733 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average price of C$17.97 per share, for a total transaction of C$1,019,492.01. Also, Director Graham G. Clow bought 5,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were purchased at an average price of C$14.44 per share, for a total transaction of C$72,200.00. In the last 90 days, insiders have acquired 91,535 shares of company stock worth $1,617,559.

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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 and Estimates for Barrick Gold (TSE:ABX)

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