Barrick Reports First Quarter 2015 Results
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Barrick Gold (ABX) Declares $0.05 Quarterly Dividend; 1.5% Yield
April 28, 2015 4:56 PM EDTBarrick Gold (NYSE: ABX) declared a quarterly dividend of $0.05 per share, or $0.2 annualized.
The dividend will be payable on June 15, 2015, to stockholders of record on May 29, 2015, with an ex-dividend date of May 27, 2015.
The annual yield on the dividend is 1.5 percent.
For... More
Barrick Gold (ABX) Numbers Cut at Jefferies Amid 'Weak' Q1
April 28, 2015 8:59 AM EDTJefferies analyst Christopher LaFemina maintained a Hold rating and $12 price target on Barrick Gold (NYSE: ABX) while lowering estimates following weak Q1 results.
commented, "Barrick reported adjusted 1Q EPS of $0.05, lower than our estimate of $0.13 and consensus of $0.09. Despite a weak 1Q,... More
Barrick Gold (ABX) Misses Q1 EPS by 9c
April 28, 2015 6:12 AM EDTBarrick Gold (NYSE: ABX) reported Q1 EPS of $0.05, $0.09 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $2.25 billion versus the consensus estimate of $2.48 billion.
TAKING BARRICK 'BACK TO THE FUTURE'
We have revitalized the Board of Directors and the management team; implemented a lean, decentralized operating model to drive greater free cash flow per share; adopted a rigorous capital allocation framework with a minimum hurdle rate of 15 percent; implemented a concrete strategy to reduce debt by at least $3 billion this year; and restored the company's original partnership culture... More
