Barrick Gold (NYSE:GOLD) Issues Quarterly Earnings Results

Barrick Gold (NYSE:GOLD) (TSE:ABX) posted its quarterly earnings data on Wednesday. The gold and copper producer reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46, Zacks reports. Barrick Gold had a return on equity of 5.82% and a net margin of 13.19%.

Barrick Gold Price Performance

NYSE:GOLD traded up $1.20 during trading hours on Wednesday, hitting $18.27. The company’s stock had a trading volume of 20,994,362 shares, compared to its average volume of 20,373,488. The stock has a fifty day simple moving average of $16.18 and a 200-day simple moving average of $18.17. The company has a market capitalization of $31.55 billion, a P/E ratio of 19.64, a PEG ratio of 0.39 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. Barrick Gold has a twelve month low of $13.76 and a twelve month high of $21.35.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.19%. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GOLD shares. Citigroup lowered their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Bank of America cut 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 report on Monday, January 27th. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank cut Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $23.00 to $19.00 in a research report on Thursday, January 30th. Finally, TD Securities decreased their price target on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.83.

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.