Barrick Gold Corp (ABX) to Post Q4 2017 Earnings of $0.24 Per Share, Cormark Forecasts

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities research analysts at Cormark cut their Q4 2017 earnings estimates for shares of Barrick Gold in a research report issued to clients and investors on Tuesday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.26.

ABX has been the topic of a number of other reports. Eight Capital reissued a “neutral” rating on shares of Barrick Gold in a research report on Thursday, November 16th. Desjardins reissued a “hold” rating on shares of Barrick Gold in a research report on Monday, December 11th. BMO Capital Markets set a C$15.00 price target on shares of Barrick Gold and gave the company a “market perform” rating in a research report on Thursday, February 8th. Royal Bank of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. Finally, TD Securities dropped their price target on shares of Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$22.67.

Barrick Gold (TSE:ABX) opened at C$17.14 on Thursday. Barrick Gold has a 12-month low of C$15.90 and a 12-month high of C$27.19. The firm has a market cap of $19,990.00, a PE ratio of 7.29 and a beta of -0.82.

In related news, Director Graham G. Clow acquired 5,000 shares of the stock in a transaction on Tuesday, December 19th. The shares were acquired at an average price of C$14.44 per share, with a total value of C$72,200.00. Also, Director Pablo Marcet acquired 2,500 shares of the stock in a transaction on Friday, December 15th. The stock was bought at an average cost of C$14.10 per share, for a total transaction of C$35,250.00. In the last ninety days, insiders acquired 91,535 shares of company stock worth $1,617,559.

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Barrick Gold 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 (TSE:ABX)

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