Barrick Gold (TSE:ABX) Earning Positive Media Coverage, Analysis Shows

Posted by on Jan 8th, 2020

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News headlines about Barrick Gold (TSE:ABX) (NYSE:ABX) have been trending positive on Wednesday, InfoTrie reports. InfoTrie scores the sentiment of press coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Barrick Gold earned a media sentiment score of 3.00 on their scale. InfoTrie also assigned media coverage about the basic materials company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Barrick Gold’s analysis:

ABX has been the topic of several analyst reports. Macquarie reissued an “outperform” rating and issued a C$28.50 price target on shares of Barrick Gold in a report on Friday, September 13th. Canaccord Genuity upped their target price on shares of Barrick Gold from C$21.00 to C$22.00 in a research report on Monday, September 16th. National Bank Financial cut their target price on shares of Barrick Gold from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Eight Capital upgraded shares of Barrick Gold from a “neutral” rating to a “buy” rating and upped their target price for the company from C$28.00 to C$30.00 in a research report on Monday, December 16th. Finally, Accountability Research upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a C$27.00 target price on the stock in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$23.37.

Shares of ABX stock traded down C$0.59 during mid-day trading on Wednesday, reaching C$23.42. 2,438,828 shares of the stock traded hands, compared to its average volume of 3,258,435. The stock’s fifty day simple moving average is C$23.07 and its two-hundred day simple moving average is C$22.91. Barrick Gold has a 1-year low of C$15.37 and a 1-year high of C$26.69. The company has a market cap of $42.40 billion and a price-to-earnings ratio of 27.17. The company has a quick ratio of 1.47, a current ratio of 2.99 and a debt-to-equity ratio of 19.58.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported C$0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$3.54 billion for the quarter, compared to the consensus estimate of C$3.43 billion. On average, equities research analysts anticipate that Barrick Gold will post 0.4908076 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, November 28th. This represents a $0.20 annualized dividend and a yield of 0.85%. Barrick Gold’s dividend payout ratio (DPR) is currently 20.88%.

About Barrick Gold

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.

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