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

Barrick Gold (NYSE:ABX) (TSE:ABX) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 24th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). Barrick Gold had a negative net margin of 3.38% and a positive return on equity of 6.13%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. On average, analysts expect Barrick Gold to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE ABX opened at $13.09 on Tuesday. Barrick Gold has a twelve month low of $9.53 and a twelve month high of $16.22. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $15.38 billion, a PE ratio of 17.45, a PEG ratio of 16.59 and a beta of -0.37.

ABX has been the subject of a number of research reports. Deutsche Bank set a $15.00 price objective on Barrick Gold and gave the company a “buy” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. set a $14.00 price objective on Barrick Gold and gave the company a “hold” rating in a research note on Thursday, October 4th. Jefferies Financial Group cut Barrick Gold from a “buy” rating to a “hold” rating and dropped their price objective for the company from $17.00 to $11.00 in a research note on Monday, August 6th. Zacks Investment Research raised Barrick Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, TD Securities raised Barrick Gold from a “hold” rating to a “buy” rating and lifted their price objective for the company from $13.50 to $14.00 in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. Barrick Gold has an average rating of “Hold” and an average price target of $15.14.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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Earnings History for Barrick Gold (NYSE:ABX)

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