ABX - Barrick Gold Corporation
13.49 -0.01 (-0.07%)
After hours: 4:00PM EDT
| Previous Close | 13.38 |
| Open | 13.20 |
| Bid | 13.50 x 800 |
| Ask | 13.55 x 200 |
| Day's Range | 13.16 - 13.53 |
| 52 Week Range | 11.07 - 18.35 |
| Volume | 11,670,000 |
| Avg. Volume | 13,226,443 |
| Market Cap | 15.806B |
| Beta | -0.28 |
| PE Ratio (TTM) | 10.97 |
| EPS (TTM) | 1.23 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.12 (0.93%) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 15.96 |
Market Realist•7 hours agoBarrick Gold’s Production: Expected to Be Weak in Medium Term
Production growth is an important variable for miners. Barrick Gold (ABX) produced ~1.1 million ounces of gold in 1Q18, which reflects a decline of ~20% YoY (year-over-year). Barrick Gold has maintained its production guidance of 4.5 million–5 million ounces of gold in 2018, which implies a decline of ~11% compared to actual production in 2017 as measured at the midpoint.
- Market Realist•9 hours ago
Barrick Gold Stock Rose on 1Q18 Earnings Beat
Barrick Gold (ABX) reported its 1Q18 results on April 23 after the market closed. It held a conference call the next day. It reported EPS (earnings per share) of $0.15, which represented a beat of $0.01 on consensus expectations. However, it missed on revenues by ~$50 million, reporting a top line of $1.8 billion. It maintained its production and unit costs for 2018.
- Thomson Reuters StreetEvents•20 hours ago
Edited Transcript of ABX.TO earnings conference call or presentation 24-Apr-18 12:00pm GMT
Q1 2018 Barrick Gold Corp Earnings Call
- GlobeNewswire•23 hours ago
Barrick Announces Dividend
TORONTO, April 24, 2018-- Barrick Gold Corporation today announced that its Board of Directors has declared a dividend for the quarter of U.S. 3 cents per share, payable on June 15, 2018, to shareholders ...
- GlobeNewswire•23 hours ago
Barrick Announces Election of Directors
TORONTO, April 24, 2018-- Barrick Gold Corporation announced that the nominees listed in the information circular for the 2018 Annual Meeting of Shareholders were elected as directors of Barrick. Detailed ...
Market Realist•yesterdayMining Shares’ Technicals and How They’re Moving
The recent unrest in the markets has had a significant effect on precious metals and mining companies. The US dollar has a prominent role in influencing dollar-denominated precious metals and mining stocks.
- Zacks•yesterday
Barrick Gold (ABX) Q1 Earnings In Line, Sales Beat Estimates
Despite lower production levels, Barrick Gold's (ABX) Q1 results benefit from higher gold prices.
- ACCESSWIRE•yesterday
Barrick Gold Corporation to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / April 24, 2018 / Barrick Gold Corporation (NYSE: ABX ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 24, 2018 at 8:00 AM Eastern Time. ...
- Reuters•2 days ago
Barrick Gold says focus on growth after deep debt cuts
Barrick Gold Corp said on Monday it was done selling assets to cut debt and would instead use funds from future sales for growth or to pay dividends, as it looks set to lose its rank as the world's biggest gold producer due to declining production. Toronto-based Barrick, which reported better-than-expected adjusted earnings, said its focus would increasingly be on growth from its own projects and operations in Nevada and the Dominican Republic. The miner also said it had suspended work on a prefeasibility study on its massive Pascua-Lama gold and silver project in the Andes Mountains, which does not meet its investment criteria.
- InvestorPlace•2 days ago
Barrick Gold Corporation (ABX) Shares Up on Q1 Earnings Beat
Barrick Gold Corporation (NYSE:ABX) unveiled its latest quarterly earnings results late Monday, exceeding analysts’ expectations on the earnings front, while revenue missed estimates. On an adjusted basis, the company reported adjusted earnings of $170 million, or 15 cents per share, which topped the Wall Street consensus estimate of 14 cents per share, according to data compiled by Thomson Reuters. Barrick Gold’s revenue did not perform as well as the company’s earnings as it fell to $1.79 billion, a 10.1% drop compared to the year-ago quarter total of $1.99 billion.
- Reuters•2 days ago
Barrick Gold adjusted 1st-qtr profit rises on higher gold prices
Barrick Gold Corp, the world's largest gold miner by output, reported a 5 percent rise in first-quarter adjusted profit on Monday, primarily reflecting higher gold prices and lower depreciation. The Toronto-based ...
- GlobeNewswire•2 days ago
Barrick Reports First Quarter 2018 Results
Barrick reported first quarter net earnings attributable to equity holders of $158 million, and adjusted net earnings 1 of $170 million. The Company reported first quarter revenues of $1.79 billion, net ...
- Market Realist•2 days ago
Which Gold Miners Could See Valuation Upside after 1Q18 Earnings?
Among the senior mining companies under review in this series (GDX), Agnico Eagle Mines (AEM) is trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 11.5x. As you can see in the graph below, AEM’s EBITDA margin is quite high. The company offers strong production growth, which is supported by a strong project pipeline.
- Financial Times•2 days ago
[$$] Barrick Gold earnings helped by higher gold prices
Higher gold prices added shimmer to Canadian miner Barrick Gold’s earnings though lower output weighed on the company’s revenues. The company reported net income of $158m, or 14 cents a share, in the first ...
- Market Realist•3 days ago
Will US Sanctions on Russia Keep Haunting Kinross Gold in 2018?
After significantly outperforming peers in 2017, Kinross Gold (KGC) has underperformed this year. Until As of 17, Kinross’s stock had given a negative return of 9.7%—the same as Barrick Gold (ABX). Kinross’s 4Q17 results came in below expectations.
Market Realist•3 days agoCould Goldcorp’s Strong Vision Keep Its Stock Buoyant after 1Q18?
After underperforming its peers in 2017, Goldcorp’s (GG) stock has outperformed YTD (year-to-date). It’s also one of the few major gold stocks to have recorded a positive return YTD performance of 12.5% as of April 17. In comparison, the VanEck Vectors Gold Miners ETF (GDX) has fallen 1.5% while the iShares Gold Trust (GLD) has gained 3.0%. Peers Barrick Gold (ABX), Kinross Gold (KGC), and Agnico Eagle Mines (AEM) have fallen.
Market Realist•4 days agoOutlook: Newmont Mining’s Stock Momentum after 1Q18 Results
Newmont Mining (NEM) is one of the very few gold mining stocks to have given a positive return year-to-date. As of April 17, it has returned 10.9%, compared to a loss of 1.5% for the VanEck Vectors Gold Miners ETF (GDX). Its strong project pipeline is the major driver behind its consistent-to-increasing production profile.
- Market Realist•4 days ago
What to Watch for on Barrick Gold’s 1Q18 Earnings Call
Barrick Gold (ABX) generated negative returns amounting to 9.7% year-to-date (or YTD) as of April 17. The stock has significantly underperformed its close peers Goldcorp (GG), Newmont Mining (NEM), and Agnico Eagle Mines (AEM), which returned 12.5%, 10.9%, and -1.9%, respectively. The VanEck Vectors Gold Miners ETF (GDX) returned -1.5%.
- Simply Wall St.•5 days ago
With 119.54% Earnings Growth, Did Barrick Gold Corporation (TSE:ABX) Outperform The Industry?
Examining Barrick Gold Corporation’s (TSX:ABX) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met orRead More...
- Market Realist•5 days ago
How Gold and Silver Performed amid Geopolitical Tensions
The past one month has been good for precious metals with the exception of platinum. Gold, silver, and palladium have increased a whopping 3%, 6.4%, and 4.4%, respectively, during the last 30 trading days. Platinum has dropped about 0.97% during the same timeframe.
- Market Realist•5 days ago
Could these Gold Miners Beat Earnings Estimates in 1Q18?
We discussed analysts’ revenue estimates for gold miners in the previous part of this series. In this part, we’ll discuss what analysts expect for these gold miners’ (RING) earnings.
- Market Realist•5 days ago
IMF Warns of Inflation Surprise: Could It Be Good for Gold?
The International Monetary Fund (or IMF) also warned on April 18, 2018, that the unexpected rise in US inflation could cause significant global tensions, which could force central banks to respond firmly. It added that a hike in inflation in the US could lead the Federal Reserve to raise interest rates faster than expected. The director of the IMF’s monetary and capital markets department, Tobias Adrian, said, “What we are flagging is that at some point markets see shocks in inflation that raise inflation uncertainty and when that happens, that is associated with a rise in long-term interest rates and that might lead to a tightening in financial conditions.” While he said that the uncertainty regarding US inflation is very low, markets could have an outsized reaction to any spike.
Market Realist•5 days agoAre Higher Precious Metal Prices Accounted for in Miner Revenues?
Analyst estimates for gold miners’ (GDX) revenues can give us a good idea about their outlook on gold prices (GLD) as well as companies’ production growth. In this part of our series, we’ll assess analysts’ revenue expectations for gold companies in 1Q18 and beyond. Analysts expect Barrick Gold (ABX) to generate revenues of ~$1.84 billion in 1Q18.
Market Realist•5 days agoWhy IMF Is Worried about the US’s Expanding Debt Profile
On one hand, it has increased US growth projections due to the stimulus from tax cuts. Since these tax cuts are unfunded, the IMF believes that there will be a need for severe spending cuts in the coming years. It predicts that the US debt-to-GDP (gross domestic product) ratio will expand to 116.9% by 2023, surpassing Italy’s ratio, which should narrow to 116.6% by 2023.
- Market Realist•5 days ago
How Wall Street Sees Gold Miners ahead of 1Q18 Earnings
At extreme levels, these ratings could even signal a change in direction, so it’s important for investors to track this data. In the senior and intermediate gold miner space (GDX)(GDXJ), analysts are the most bullish on Goldcorp (GG), assigning it 65% “buy” and 5% “sell” ratings.
