Barrick Gold (NYSE:GOLD) Announces Quarterly Earnings Results

Barrick Gold (NYSE:GOLD) (TSE:ABX) announced its quarterly earnings data on Wednesday. The gold and copper producer reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46, Zacks reports. Barrick Gold had a return on equity of 5.82% and a net margin of 13.19%.

Barrick Gold Price Performance

Barrick Gold stock traded up $0.93 during trading hours on Wednesday, reaching $18.00. 6,956,696 shares of the stock were exchanged, compared to its average volume of 19,827,604. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. Barrick Gold has a twelve month low of $13.76 and a twelve month high of $21.35. The company has a market cap of $31.09 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 0.39 and a beta of 0.55. The stock has a 50 day moving average of $16.18 and a two-hundred day moving average of $18.17.

Barrick Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. Barrick Gold’s dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analysts Forecast Growth

GOLD has been the topic of several research analyst reports. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Berenberg Bank raised their price target on Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Citigroup dropped their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, Raymond James reduced their price target on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Barrick Gold currently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

About Barrick Gold

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.