Barrick Gold Corp Forecasted to Post FY2018 Earnings of $1.31 Per Share (ABX)
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities researchers at Jefferies Group dropped their FY2018 EPS estimates for Barrick Gold Corp in a note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now expects that the company will post earnings per share of $1.31 for the year, down from their previous forecast of $1.33. Jefferies Group also issued estimates for Barrick Gold Corp’s FY2019 earnings at $1.29 EPS.
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Several other brokerages have also issued reports on ABX. Canaccord Genuity decreased their price target on Barrick Gold Corp from C$30.00 to C$27.50 in a research note on Friday, September 29th. BMO Capital Markets reiterated a “market perform” rating and issued a C$18.00 price target on shares of Barrick Gold Corp in a research note on Friday. Scotiabank reiterated a “sector perform” rating and issued a C$30.00 price target on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barrick Gold Corp in a research note on Friday, June 23rd. Finally, TD Securities reiterated a “hold” rating and issued a C$27.00 price target on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$25.50.
Shares of Barrick Gold Corp (TSE ABX) opened at 20.80 on Monday. The firm has a market cap of $24.25 billion and a price-to-earnings ratio of 10.30. The company has a 50-day moving average price of $21.03 and a 200 day moving average price of $21.93. Barrick Gold Corp has a 52 week low of $18.52 and a 52 week high of $27.19.
Barrick Gold Corp Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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