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. Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero and Turquoise Ridge are its individual gold mines. The Company, through its subsidiary, Acacia, owns gold mines and exploration properties in Africa. It also holds interest in gold mines, including Porgera and Kalgoorlie, and copper mines, such as Zaldivar and Lumwana. The Pascua-Lama project is located on the border between Chile and Argentina. The Company has nine producing gold mines, which are located in Canada, the United States, Peru, Argentina, Australia and the Dominican Republic.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Gold Mining
- Sub-Industry: N/A
- Symbol: NYSE:ABX
- CUSIP: N/A
- Web: www.barrick.com
- Market Cap: $19.07206 billion
- Outstanding Shares: 1,166,003,000
- 50 Day Moving Avg: $17.20
- 200 Day Moving Avg: $17.21
- 52 Week Range: $13.81 - $20.78
Sales & Book Value:
- Trailing P/E Ratio: 8.10
- Foreward P/E Ratio: 20.20
- P/E Growth: -1.94
- Annual Revenue: $8.77 billion
- Price / Sales: 2.18
- Book Value: $8.27 per share
- Price / Book: 1.98
- Annual Dividend: $0.12
- Dividend Yield: 0.7%
- EBIDTA: $4.42 billion
- Net Margins: 26.95%
- Return on Equity: 8.91%
- Return on Assets: 3.71%
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 3.56%
- Quick Ratio: 2.33%
- Average Volume: 10.22 million shs.
- Beta: -0.29
- Short Ratio: 1.36
Frequently Asked Questions for Barrick Gold Corporation (NYSE:ABX)
What is Barrick Gold Corporation's stock symbol?
Barrick Gold Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABX."
How often does Barrick Gold Corporation pay dividends? What is the dividend yield for Barrick Gold Corporation?
Barrick Gold Corporation declared a quarterly dividend on Wednesday, July 26th. Investors of record on Thursday, August 31st will be paid a dividend of $0.03 per share on Friday, September 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 29th. View Barrick Gold Corporation's Dividend History.
How were Barrick Gold Corporation's earnings last quarter?
Barrick Gold Corporation (NYSE:ABX) released its quarterly earnings data on Wednesday, July, 26th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. The firm earned $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. View Barrick Gold Corporation's Earnings History.
When will Barrick Gold Corporation make its next earnings announcement?
Where is Barrick Gold Corporation's stock going? Where will Barrick Gold Corporation's stock price be in 2017?
14 brokers have issued 12-month price objectives for Barrick Gold Corporation's shares. Their forecasts range from $16.40 to $27.00. On average, they anticipate Barrick Gold Corporation's stock price to reach $20.63 in the next year. View Analyst Ratings for Barrick Gold Corporation.
What are analysts saying about Barrick Gold Corporation stock?
Here are some recent quotes from research analysts about Barrick Gold Corporation stock:
- 1. According to Zacks Investment Research, "Barrick should gain from its cost management initiatives, progress of its key projects and efforts to digitalize its mines. We are also encouraged by its debt-reduction actions. However, Barrick has underperformed the industry it belongs to over the past three months. Barrick is exposed to a volatile gold pricing environment. The company's falling gold reserve base, declining production along with the limited supply of gold as new deposits are other concerns." (7/21/2017)
- 2. TD Securities analysts commented, "We are maintaining our HOLD recommendation and $20.00 target price. While we believe that Barrick’s initiatives in Nevada will bear fruit, at this point we have no way to quantify the benefits. Better clarity on the company’s production profile over the medium term would enable us to become more positive on the shares. 26 26 24 24 22 22 20 20 18 18 16 16 14 14 12 12 Jun-17 Apr-17 Feb-17 Dec-16 Oct-16 Aug-16 ABX-N: Price Company Profile Barrick Gold is the world’s largest producer of gold, with 12 operating mines. Barrick’s operations are primarily concentrated in Nevada, Australia, South America, and Tanzania." (6/27/2017)
- 3. Goldman Sachs Group, Inc. (The) analysts commented, "Conviction Buy" (10/5/2016)
Are investors shorting Barrick Gold Corporation?
Barrick Gold Corporation saw a drop in short interest during the month of August. As of August 15th, there was short interest totalling 11,483,125 shares, a drop of 25.6% from the July 31st total of 15,437,540 shares. Based on an average daily trading volume, of 10,421,613 shares, the short-interest ratio is presently 1.1 days. Currently, 1.0% of the company's shares are short sold.
Who are some of Barrick Gold Corporation's key competitors?
Some companies that are related to Barrick Gold Corporation include Newmont Mining Corporation (NEM), Agnico Eagle Mines Limited (AEM), Royal Gold (RGLD), Kinross Gold Corporation (KGC), AngloGold Ashanti Limited (AU), Buenaventura Mining Company (BVN), Iamgold Corporation (IAG), B2Gold Corp (BTG), Eldorado Gold Corporation (EGO), Centamin PLC (CEY), NovaGold Resources (NG), Hochschild Mining Plc (HOC), Sandstorm Gold Ltd (SAND), Acacia Mining PLC (ABG), Sandstorm Gold Ltd (SAND), Acacia Mining PLC (ACA), Klondex Mines Ltd (KLDX) and Klondex Mines Ltd (KLDX).
Who are Barrick Gold Corporation's key executives?
Barrick Gold Corporation's management team includes the folowing people:
- John Lawson Thornton, Non-Independent Executive Chairman of the Board
- Kelvin P. M. Dushnisky J.D., President, Director
- Catherine Philippa Raw, Chief Financial Officer, Executive Vice President
- Richard J.E Williams, Chief Operating Officer
- Robert L. Krcmarov, Executive Vice President - Exploration and Growth
- Darian Kevin Rich, Executive Vice President - Talent Management
- Kevin James Thomson, Senior Executive Vice President - Strategic Matters
- Mark Hill, Chief Investment Officer
- Kathy Sipos, Chief of Staff
- J. Brett Harvey, Lead Independent Director
Who owns Barrick Gold Corporation stock?
Barrick Gold Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (4.91%), Capital World Investors (3.02%), Franklin Resources Inc. (3.00%), First Eagle Investment Management LLC (2.99%), Vanguard Group Inc. (2.35%) and Flossbach Von Storch AG (2.28%). View Institutional Ownership Trends for Barrick Gold Corporation.
Who sold Barrick Gold Corporation stock? Who is selling Barrick Gold Corporation stock?
Barrick Gold Corporation's stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, FMR LLC, BlackRock Inc., Prudential PLC, Fiera Capital Corp, Commerzbank Aktiengesellschaft FI, CIBC Asset Management Inc and Investec Asset Management LTD. View Insider Buying and Selling for Barrick Gold Corporation.
Who bought Barrick Gold Corporation stock? Who is buying Barrick Gold Corporation stock?
Barrick Gold Corporation's stock was bought by a variety of institutional investors in the last quarter, including Flossbach Von Storch AG, Franklin Resources Inc., Majedie Asset Management Ltd, APG Asset Management N.V., Vanguard Group Inc., Capital Research Global Investors, Hussman Strategic Advisors Inc. and Capital International Investors. View Insider Buying and Selling for Barrick Gold Corporation.
How do I buy Barrick Gold Corporation stock?
Shares of Barrick Gold Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Barrick Gold Corporation's stock price today?
MarketBeat Community Rating for Barrick Gold Corporation (NYSE ABX)MarketBeat's community ratings are surveys of what our community members think about Barrick Gold Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Barrick Gold Corporation stock can currently be purchased for approximately $16.36.
Consensus Ratings for Barrick Gold Corporation (NYSE:ABX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.43)|
|Consensus Price Target: ||$20.63 (26.08% upside)|
Analysts' Ratings History for Barrick Gold Corporation (NYSE:ABX)
(Data available from 9/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/24/2017||Credit Suisse Group||Reiterated Rating||Buy||$22.00||N/A|
|9/21/2017||Jefferies Group LLC||Reiterated Rating||Buy||$20.00||Low|
|9/7/2017||Royal Bank Of Canada||Reiterated Rating||Outperform||Medium|
|9/6/2017||Citigroup Inc.||Reiterated Rating||Buy||Medium|
|8/23/2017||BMO Capital Markets||Set Price Target||Hold||$18.00||Low|
|6/29/2017||Berenberg Bank||Upgrade||Sell -> Hold||$16.13 -> $16.40||Medium|
|6/27/2017||TD Securities||Reiterated Rating||Hold||Medium|
|6/25/2017||Deutsche Bank AG||Reiterated Rating||Buy||$22.00 -> $21.00||Low|
|6/15/2017||Raymond James Financial, Inc.||Reiterated Rating||Market Perform -> Market Perform||$19.00||Low|
|6/1/2017||Barclays PLC||Reiterated Rating||Equal Weight||$22.00 -> $20.00||Low|
|4/25/2017||Scotiabank||Reiterated Rating||Sector Perform||$22.50||High|
|2/15/2017||Clarkson Capital||Downgrade||Buy -> Neutral||N/A|
|10/31/2016||Mackie||Upgrade||Sell -> Hold||N/A|
|10/5/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Conviction-Buy -> Buy||$27.00||N/A|
|8/10/2016||Canaccord Genuity||Reiterated Rating||Buy||$34.00||N/A|
|8/10/2016||Argus||Reiterated Rating||Buy||$23.00 -> $26.00||N/A|
|8/9/2016||Morgan Stanley||Initiated Coverage||Equal -> Equal Weight||$20.00||N/A|
|3/29/2016||CIBC||Boost Price Target||Sector Performer||$11.25 -> $13.25||N/A|
|3/16/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||N/A|
|1/8/2016||Sterne Agee CRT||Upgrade||Neutral -> Buy||$12.00||N/A|
Earnings History for Barrick Gold Corporation (NYSE:ABX)Earnings History by Quarter for Barrick Gold Corporation (NYSE ABX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||6/30/2017||$0.17||$0.22||$2.03 billion||$2.16 billion||View||N/A|
|4/24/2017||3/31/2017||$0.21||$0.14||$2.22 billion||$1.99 billion||View||N/A|
|2/15/2017||Q416||$0.20||$0.22||$2.27 billion||$2.32 million||View||N/A|
|10/26/2016||Q316||$0.20||$0.24||$2.25 billion||$2.30 billion||View||N/A|
|7/27/2016||Q216||$0.15||$0.14||$2.02 billion||$2.01 billion||View||N/A|
|4/26/2016||Q116||$0.10||$0.11||$1.95 billion||$1.93 billion||View||Listen|
|2/17/2016||Q415||$0.06||$0.08||$2.25 billion||$2.24 billion||View||Listen|
|10/28/2015||Q315||$0.07||$0.11||$2.32 billion||$2.32 billion||View||Listen|
|8/5/2015||Q215||$0.05||$0.05||$2.31 billion||$2.23 billion||View||N/A|
|2/18/2015||Q115||$0.09||$0.05||$2.48 billion||$2.25 billion||View||N/A|
|10/29/2014||Q314||$0.16||$0.19||$2.47 billion||$2.60 billion||View||N/A|
|7/30/2014||Q214||$0.14||$0.14||$133.95 million||$2.43 billion||View||N/A|
|4/30/2014||Q114||$0.19||$0.20||$2.60 billion||$2.60 billion||View||N/A|
|2/19/2014||Q413||$0.44||$0.37||$2.90 billion||$2.93 billion||View||N/A|
|10/31/2013||Q313||$0.49||$0.58||$2.94 billion||$2.99 billion||View||N/A|
|8/1/2013||Q213||$0.56||$0.68||$3.09 billion||$3.20 billion||View||N/A|
|4/24/2013||Q113||$0.86||$0.92||$3.73 billion||$3.44 billion||View||N/A|
|2/14/2013||Q412||$1.06||$1.11||$3.90 billion||$4.19 billion||View||N/A|
|11/1/2012||Q312||$0.99||$0.85||$3.61 billion||$3.44 billion||View||N/A|
Earnings Estimates for Barrick Gold Corporation (NYSE:ABX)
2017 EPS Consensus Estimate: $1.11
2018 EPS Consensus Estimate: $0.92
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Barrick Gold Corporation (NYSE:ABX)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||-45.70% (3 Year Average)|
|Payout Ratio:||5.94% (Trailing 12 Months of Earnings) |
15.58% (Based on This Year's Estimates)
14.81% (Based on Next Year's Estimates)
Dividend History by Quarter for Barrick Gold Corporation (NYSE ABX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Barrick Gold Corporation (NYSE:ABX)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Barrick Gold Corporation (NYSE:ABX)
Latest Headlines for Barrick Gold Corporation (NYSE:ABX)
Barrick Gold Corporation (ABX) Chart for Monday, September, 25, 2017