Barrick Gold (TSE:ABX) (NYSE:ABX) – Investment analysts at Jefferies Group reduced their FY2018 earnings per share estimates for Barrick Gold in a report released on Tuesday, April 17th. Jefferies Group analyst C. Lafemina now anticipates that the company will earn $1.11 per share for the year, down from their prior estimate of $1.18.
Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.26 by C$0.02. Barrick Gold had a negative return on equity of 27.89% and a negative net margin of 36.36%. The business had revenue of C$2.83 billion for the quarter, compared to the consensus estimate of C$2.76 billion.
Shares of TSE:ABX opened at C$16.39 on Wednesday. Barrick Gold has a 52-week low of C$14.26 and a 52-week high of C$26.56.
In other Barrick Gold news, Director Pablo Marcet bought 1,000 shares of Barrick Gold stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of C$1,000.00 per share, for a total transaction of C$1,000,000.00. Also, Director John Lawson Thornton bought 306,000 shares of Barrick Gold stock in a transaction that occurred on Thursday, March 8th. The shares were acquired at an average price of C$11.72 per share, for a total transaction of C$3,586,320.00. Insiders have purchased 338,845 shares of company stock worth $5,082,692 over the last quarter.
About Barrick Gold
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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