Research Analysts Set Expectations for Barrick Gold Corp’s FY2017 Earnings (ABX)

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Research analysts at Desjardins increased their FY2017 earnings estimates for Barrick Gold in a research report issued to clients and investors on Friday. Desjardins analyst J. Wolfson now anticipates that the company will post earnings of $0.97 per share for the year, up from their prior estimate of $0.96. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Barrick Gold’s Q4 2017 earnings at $0.31 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.99 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.93 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Wednesday, October 25th. The company reported C$0.21 EPS for the quarter, hitting the consensus estimate of C$0.21. Barrick Gold had a negative net margin of 2.16% and a negative return on equity of 0.46%.

Several other equities research analysts have also commented on the stock. Eight Capital reiterated a “neutral” rating on shares of Barrick Gold in a research report on Thursday, November 16th. TD Securities reduced their target price on shares of Barrick Gold to C$22.00 and set a “hold” rating on the stock in a report on Monday, November 6th. Royal Bank of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$21.00 to C$18.00 in a report on Wednesday, November 1st. CSFB reduced their target price on shares of Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. Finally, Canaccord Genuity reduced their target price on shares of Barrick Gold from C$27.50 to C$25.00 and set a “buy” rating on the stock in a report on Friday, October 20th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$22.83.

Shares of Barrick Gold (TSE:ABX) opened at C$19.49 on Monday. Barrick Gold has a 1 year low of C$17.07 and a 1 year high of C$27.19. The company has a market cap of $22,730.00, a PE ratio of 8.36 and a beta of -0.88.

In related news, Director Graham G. Clow acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of C$14.44 per share, for a total transaction of C$72,200.00. Also, Director Kelvin Paul Michael Dushnisky acquired 56,733 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average price of C$17.97 per share, for a total transaction of C$1,019,492.01. Over the last 90 days, insiders acquired 91,535 shares of company stock worth $1,617,559.

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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.

Earnings History and Estimates for Barrick Gold (TSE:ABX)

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