Cormark Research Analysts Decrease Earnings Estimates for Barrick Gold Corp (TSE:ABX)

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Investment analysts at Cormark cut their Q3 2017 earnings per share (EPS) estimates for shares of Barrick Gold Corp in a research note issued on Friday. Cormark analyst R. Gray now forecasts that the company will earn $0.30 per share for the quarter, down from their prior forecast of $0.35. Cormark also issued estimates for Barrick Gold Corp’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.14 EPS.

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ABX has been the subject of a number of other research reports. TD Securities reiterated a “hold” rating and set a C$27.00 target price on shares of Barrick Gold Corp in a research note on Friday, April 7th. Scotiabank reiterated a “sector perform” rating and set a C$30.00 target price on shares of Barrick Gold Corp in a research note on Friday, April 7th. BMO Capital Markets reiterated an “outperform” rating and set a C$21.00 target price on shares of Barrick Gold Corp in a research note on Friday, June 30th. Clarkson Capital reiterated a “neutral” rating on shares of Barrick Gold Corp in a research note on Wednesday, May 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Barrick Gold Corp in a research note on Monday, April 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Barrick Gold Corp currently has a consensus rating of “Hold” and an average target price of C$26.00.

Shares of Barrick Gold Corp (TSE ABX) opened at 21.59 on Monday. Barrick Gold Corp has a one year low of $18.52 and a one year high of $29.59. The stock’s 50 day moving average price is $20.65 and its 200 day moving average price is $23.28. The stock has a market cap of $25.17 billion and a price-to-earnings ratio of 10.69.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.56%.

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.

Earnings History and Estimates for Barrick Gold Corp (TSE:ABX)

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