Barrick Gold Corporation (ABX) Set to Announce Earnings on Wednesday

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) will be posting its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Barrick Gold Corporation to post earnings of $0.18 per share for the quarter.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts expect Barrick Gold Corporation to post $0.78 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.

Shares of Barrick Gold Corporation (NYSE:ABX) opened at 16.22 on Wednesday. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $20.78. The firm has a market cap of $18.91 billion, a PE ratio of 8.03 and a beta of -0.34. The company has a 50-day moving average of $16.98 and a 200-day moving average of $16.92.

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Several research firms have issued reports on ABX. Royal Bank Of Canada reiterated a “buy” rating and issued a $21.00 price objective on shares of Barrick Gold Corporation in a research report on Tuesday, July 18th. Jefferies Group LLC set a $20.00 price objective on Barrick Gold Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. TD Securities reiterated a “hold” rating on shares of Barrick Gold Corporation in a research report on Tuesday, June 27th. Zacks Investment Research cut Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.15.

Barrick Gold Corporation Company Profile

Barrick Gold Corporation (Barrick) is a gold mining company. The Compan

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts expect Barrick Gold Corporation to post $0.78 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.

Shares of Barrick Gold Corporation (NYSE:ABX) opened at 16.22 on Wednesday. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $20.78. The firm has a market cap of $18.91 billion, a PE ratio of 8.03 and a beta of -0.34. The company has a 50-day moving average of $16.98 and a 200-day moving average of $16.92.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/18/barrick-gold-corporation-abx-set-to-announce-earnings-on-wednesday.html.

Several research firms have issued reports on ABX. Royal Bank Of Canada reiterated a “buy” rating and issued a $21.00 price objective on shares of Barrick Gold Corporation in a research report on Tuesday, July 18th. Jefferies Group LLC set a $20.00 price objective on Barrick Gold Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. TD Securities reiterated a “hold” rating on shares of Barrick Gold Corporation in a research report on Tuesday, June 27th. Zacks Investment Research cut Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.15.

Barrick Gold Corporation 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 for Barrick Gold Corporation (NYSE:ABX)

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