Barrick Gold (TSE:ABX) Posts Earnings Results

Barrick Gold (TSE:ABX) (NYSE:ABX) released its quarterly earnings data on Monday. The basic materials company reported C$1.36 EPS for the quarter, FiscalAI reports. Barrick Gold had a return on equity of 19.79% and a net margin of 29.39%.The firm had revenue of C$5.81 billion for the quarter.

Barrick Gold Price Performance

Shares of TSE:ABX traded up C$5.82 on Monday, hitting C$64.87. The stock had a trading volume of 3,148,192 shares, compared to its average volume of 6,071,242. Barrick Gold has a twelve month low of C$24.29 and a twelve month high of C$74.00. The company has a debt-to-equity ratio of 17.89, a quick ratio of 2.62 and a current ratio of 2.92. The firm’s 50 day moving average price is C$58.17 and its 200-day moving average price is C$58.71. The company has a market capitalization of C$108.69 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABX. National Bank Financial lowered their price target on Barrick Gold from C$75.00 to C$72.50 and set an “outperform” rating on the stock in a report on Friday, April 17th. Stifel Nicolaus increased their price target on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Canaccord Genuity Group lowered their price target on Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. Sanford C. Bernstein increased their price target on Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. lowered their price target on Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Barrick Gold presently has a consensus rating of “Buy” and an average price target of C$79.06.

Insider Transactions at Barrick Gold

In related news, insider Graham Patrick Shuttleworth sold 100,000 shares of Barrick Gold stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the completion of the transaction, the insider directly owned 487,252 shares of the company’s stock, valued at C$31,534,949.44. The trade was a 17.03% decrease in their ownership of the stock. Also, Director Pekka Juhani Vauramo purchased 12,400 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average cost of C$65.41 per share, with a total value of C$811,084.00. Following the completion of the acquisition, the director directly owned 12,400 shares of the company’s stock, valued at C$811,084. The trade was a ∞ increase in their ownership of the stock. Insiders own 0.60% of the company’s stock.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.