Barrick Gold (NYSE:ABX) Getting Somewhat Favorable Media Coverage, Study Shows

News coverage about Barrick Gold (NYSE:ABX) (TSE:ABX) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barrick Gold earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.1328929321075 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Barrick Gold (NYSE ABX) traded down $0.46 on Thursday, hitting $13.19. The stock had a trading volume of 8,249,419 shares, compared to its average volume of 12,440,561. Barrick Gold has a fifty-two week low of $12.60 and a fifty-two week high of $20.78. The stock has a market cap of $16,010.00, a P/E ratio of 10.78, a P/E/G ratio of 7.10 and a beta of -0.35. The company has a current ratio of 2.73, a quick ratio of 1.56 and a debt-to-equity ratio of 0.55.

Barrick Gold (NYSE:ABX) (TSE:ABX) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.21 billion. Barrick Gold had a return on equity of 7.73% and a net margin of 25.72%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. analysts forecast that Barrick Gold will post 0.74 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.91%. Barrick Gold’s dividend payout ratio is presently 9.76%.

Several equities analysts have recently commented on ABX shares. Jefferies Group set a $20.00 price target on Barrick Gold and gave the company a “buy” rating in a research note on Thursday, October 19th. Royal Bank of Canada set a $21.00 target price on Barrick Gold and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research raised Barrick Gold from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Monday, January 8th. TheStreet lowered Barrick Gold from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets set a $16.00 target price on Barrick Gold and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Barrick Gold currently has a consensus rating of “Hold” and an average target price of $18.41.

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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.

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