Barrick Gold Corp to Post Q3 2018 Earnings of $0.29 Per Share, Cormark Forecasts (ABX)

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities researchers at Cormark boosted their Q3 2018 earnings estimates for shares of Barrick Gold in a research note issued to investors on Tuesday, September 25th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.29 for the quarter, up from their previous forecast of $0.20. Cormark also issued estimates for Barrick Gold’s Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $0.85 EPS, Q1 2019 earnings at $0.13 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.54 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Wednesday, July 25th. The company reported C$0.09 EPS for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.07). The business had revenue of C$2.21 billion for the quarter, compared to analyst estimates of C$2.20 billion. Barrick Gold had a negative net margin of 36.36% and a negative return on equity of 27.89%.

Other research analysts have also issued reports about the company. Canaccord Genuity lowered their price target on Barrick Gold from C$19.00 to C$17.00 in a report on Tuesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating on shares of Barrick Gold in a report on Wednesday. Seven analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of C$19.17.

Shares of ABX opened at C$14.53 on Thursday. Barrick Gold has a one year low of C$12.54 and a one year high of C$21.03.

In other news, Director Pablo Marcet bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 26th. The stock was acquired at an average price of C$11.06 per share, with a total value of C$38,710.00.

The company also recently announced a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were paid a dividend of $0.039 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.16 annualized dividend and a yield of 1.07%.

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

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