Barrick Gold (ABX) Set to Announce Earnings on Wednesday

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX is set to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.26 per share for the quarter.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last announced its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.28 by C$0.09. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. The firm had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion.

Barrick Gold Stock Performance

Shares of TSE:ABX traded down C$0.17 on Wednesday, reaching C$22.63. 2,219,514 shares of the company's stock were exchanged, compared to its average volume of 3,505,360. The company has a fifty day moving average of C$21.79 and a 200-day moving average of C$22.07. Barrick Gold has a twelve month low of C$18.65 and a twelve month high of C$28.19. The company has a market capitalization of C$39.83 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.94 and a beta of 0.46. The company has a current ratio of 3.16, a quick ratio of 2.62 and a debt-to-equity ratio of 16.32.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. Barrick Gold's payout ratio is presently 54.55%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ABX shares. Sanford C. Bernstein upped their price target on shares of Barrick Gold from C$31.00 to C$32.00 and gave the stock an "outperform" rating in a report on Thursday, April 18th. National Bank Financial reaffirmed a "sector perform overweight" rating on shares of Barrick Gold in a report on Monday, April 8th. Stifel Nicolaus upped their price target on shares of Barrick Gold from C$25.00 to C$27.00 and gave the stock a "buy" rating in a report on Friday, April 19th. National Bankshares cut their price target on shares of Barrick Gold from C$30.00 to C$28.00 and set a "sector perform" rating for the company in a report on Friday, April 19th. Finally, Raymond James cut their price target on shares of Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Barrick Gold has a consensus rating of "Moderate Buy" and an average price target of C$29.27.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.