Barrick Reports Second Quarter 2015 Results
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August 7, 2015 7:33 AM EDT
Barclays upgraded Barrick Gold (NYSE: ABX) from Underweight to Equalweight with a price target of $10.00 (from $11.00).
For an analyst ratings summary and ratings history on Barrick Gold click here. For more ratings news on Barrick Gold click here.
Shares of Barrick Gold closed at $6.88 yesterday.
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August 5, 2015 5:27 PM EDT
Barrick Gold (NYSE: ABX) reported Q2 EPS of $0.05, in-line with the analyst estimate of $0.05.
The Board of Directors has decided to reduce the company's quarterly dividend by 60 percent, from five cents per share to two cents per share. The Board believes this reduction is a prudent measure to increase financial flexibility in light of current market conditions. The dividend will be paid on September 15, 2015 to shareholders of record at the close of business on August 31, 2015(3).
Company reported a net loss of $9 million ($0.01 per share) in the second quarter; adjusted net earnings were $60...
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