Barrick Gold (ABX) Earns News Sentiment Score of -0.02

Media headlines about Barrick Gold (NYSE:ABX) (TSE:ABX) have trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barrick Gold earned a daily sentiment score of -0.02 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 48.6413305379172 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

ABX stock traded up $0.27 during midday trading on Friday, hitting $13.15. The company’s stock had a trading volume of 11,510,720 shares, compared to its average volume of 13,114,876. The company has a current ratio of 2.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. Barrick Gold has a twelve month low of $11.07 and a twelve month high of $20.04. The firm has a market capitalization of $15,262.96, a P/E ratio of 17.53, a PEG ratio of 7.89 and a beta of -0.17.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Barrick Gold had a net margin of 17.17% and a return on equity of 7.59%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the business earned $0.22 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. equities research analysts forecast that Barrick Gold will post 0.83 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.12 annualized dividend and a yield of 0.91%. Barrick Gold’s payout ratio is currently 16.00%.

A number of brokerages recently commented on ABX. Zacks Investment Research lowered shares of Barrick Gold from a “hold” rating to a “strong sell” rating in a report on Thursday. Argus lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Scotiabank dropped their price objective on shares of Barrick Gold from $19.50 to $16.50 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. JPMorgan Chase dropped their price objective on shares of Barrick Gold from $19.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, March 28th. Finally, Jefferies Group set a $17.00 price objective on shares of Barrick Gold and gave the stock a “buy” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.49.

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About Barrick Gold

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

Insider Buying and Selling by Quarter for Barrick Gold (NYSE:ABX)

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