Barrick Gold Corp (NYSE:ABX) (TSE:ABX) – Analysts at Desjardins lowered their FY2017 earnings estimates for Barrick Gold in a research report issued to clients and investors on Tuesday. Desjardins analyst J. Wolfson now expects that the basic materials company will earn $0.75 per share for the year, down from their previous forecast of $0.77. Desjardins has a “Hold” rating on the stock.
Barrick Gold (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. 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 last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year.
Shares of Barrick Gold (ABX) opened at $13.65 on Thursday. Barrick Gold has a 1-year low of $12.60 and a 1-year high of $20.78. The company has a current ratio of 2.73, a quick ratio of 1.56 and a debt-to-equity ratio of 0.55. The stock has a market cap of $15,418.00, a PE ratio of 17.86, a P/E/G ratio of 7.10 and a beta of -0.35.
Several institutional investors and hedge funds have recently bought and sold shares of ABX. Two Sigma Investments LP increased its stake in shares of Barrick Gold by 2,166.3% in the fourth quarter. Two Sigma Investments LP now owns 3,844,575 shares of the basic materials company’s stock worth $55,669,000 after purchasing an additional 3,674,935 shares in the last quarter. Kopernik Global Investors LLC purchased a new position in Barrick Gold during the fourth quarter valued at approximately $52,633,000. Assenagon Asset Management S.A. grew its stake in Barrick Gold by 2,758.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,858,553 shares of the basic materials company’s stock valued at $41,363,000 after acquiring an additional 2,758,553 shares in the last quarter. Marathon Asset Management LLP purchased a new position in Barrick Gold during the third quarter valued at approximately $43,138,000. Finally, Flossbach Von Storch AG grew its stake in Barrick Gold by 8.1% during the third quarter. Flossbach Von Storch AG now owns 28,677,838 shares of the basic materials company’s stock valued at $461,427,000 after acquiring an additional 2,148,150 shares in the last quarter. Hedge funds and other institutional investors own 54.94% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.88%. Barrick Gold’s payout ratio is 6.45%.
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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.
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