Barrick Gold Corporation (ABX) Earning Somewhat Positive News Coverage, Study Shows
Media coverage about Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barrick Gold Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 44.7239473975893 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- 3 Top Metals and Mining Stocks You Should Consider Buying Now (finance.yahoo.com)
- Barrick Gold Corporation (ABX) – Technical observation – Stocks Gallery (stocksgallery.com)
- Barrick Gold Corporation (ABX) – Observation about Institutional Ownership – Wallstreet Investorplace (wallstreetinvestorplace.com)
- $2.20 Billion in Sales Expected for Barrick Gold Corporation (ABX) This Quarter (americanbankingnews.com)
- Where to look at buying opportunities on Barrick Gold Corporation (ABX) – Wall Street Morning (wallstreetmorning.com)
A number of equities analysts have recently issued reports on the company. BMO Capital Markets set a $18.00 target price on Barrick Gold Corporation and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Jefferies Group LLC set a $20.00 price objective on Barrick Gold Corporation and gave the company a “buy” rating in a research note on Tuesday, August 15th. BidaskClub raised Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Credit Suisse Group cut Barrick Gold Corporation from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $19.00 in a research note on Thursday, October 26th. Finally, UBS AG reduced their price objective on Barrick Gold Corporation from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Thirteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.13.
Barrick Gold Corporation (NYSE ABX) traded up $0.15 on Friday, hitting $14.07. The stock had a trading volume of 9,330,000 shares, compared to its average volume of 10,918,366. Barrick Gold Corporation has a 1 year low of $13.81 and a 1 year high of $20.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.73 and a quick ratio of 1.56. The stock has a market cap of $16,402.44, a PE ratio of 19.01, a P/E/G ratio of 9.38 and a beta of -0.39.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.02 billion. Barrick Gold Corporation had a net margin of 25.72% and a return on equity of 7.73%. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. research analysts expect that Barrick Gold Corporation will post 0.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.85%. Barrick Gold Corporation’s payout ratio is currently 6.45%.
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About Barrick Gold Corporation
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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