FY2018 Earnings Forecast for Barrick Gold Issued By Jefferies Group (ABX)

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.

How to Become a New Pot Stock Millionaire

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.

ABX has been the topic of several other reports. Desjardins reduced their price objective on Barrick Gold from C$19.50 to C$19.00 in a research report on Wednesday, February 21st. Canaccord Genuity reduced their price objective on Barrick Gold from C$27.00 to C$22.50 in a research report on Friday, February 23rd. Finally, BMO Capital Markets set a C$15.00 price objective on Barrick Gold and gave the company a “market perform” rating in a research report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Barrick Gold presently has an average rating of “Hold” and an average price target of C$21.50.

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.

WARNING: This report was first reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://weekherald.com/2018/04/18/fy2018-earnings-forecast-for-barrick-gold-issued-by-jefferies-group-abx.html.

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.

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

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply