Barrick Gold (GOLD) to Release Earnings on Wednesday

Barrick Gold (NYSE:GOLD) (TSE:ABX) is projected to post its quarterly earnings results 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Barrick Gold Stock Up 0.8 %

NYSE GOLD opened at $16.69 on Wednesday. Barrick Gold has a twelve month low of $13.76 and a twelve month 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 stock has a market cap of $28.82 billion, a PE ratio of 17.94, a PEG ratio of 0.36 and a beta of 0.55. The firm has a 50-day simple moving average of $16.23 and a 200 day simple moving average of $18.21.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s payout ratio is 43.01%.

Wall Street Analysts Forecast Growth

GOLD has been the subject of a number of research reports. UBS Group lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Berenberg Bank raised their price objective on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Raymond James lowered their price target on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. Bank of America lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.00 to $18.00 in a research note on Monday, January 27th. Finally, TD Securities cut their price objective on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.92.

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.