Barrick Gold (GOLD) to Release Earnings on Wednesday

Barrick Gold (NYSE:GOLD) (TSE:ABX) is expected to be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Barrick Gold to post earnings of $0.46 per share and revenue of $3.98 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at $16.69 on Wednesday. Barrick Gold has a one year low of $13.76 and a one year high of $21.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. The company has a market cap of $28.82 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 0.36 and a beta of 0.55. The business’s 50 day moving average price is $16.23 and its 200 day moving average price is $18.21.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.40%. Barrick Gold’s dividend payout ratio is currently 43.01%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. TD Securities reduced their target price on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Raymond James reduced their target price on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 25th. Citigroup decreased their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Finally, CIBC cut Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold currently has an average rating of “Moderate Buy” and an average price target of $23.92.

Barrick Gold Company Profile

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.