Barrick Gold Corporation (USA) (NYSE:ABX) Impressive Financials

Alan Masterson - October 28, 2013

Boston, MA 10/28/2013 (wallstreetpr) – Barrick Gold Corporation (USA) (NYSE:ABX) deals in the manufacturing and sale of gold and other sectors like mine development, exploration too. ABX also manufacturers copper mainly from the Zaldivar and Lumwana mines and also has more grounds in the mining and production industry like a nickel manufacturing project found in Africa. The company has a very wide range where its services are concerned. This is why it is able to achieve the best name for itself. However; do the revenues and share values reflect with as many profits to justify the many projects ABX is involved in?

Estimated figures of ABX’s highs and lows shows some very great improvements that are expected in years to come and this is why ABX has its head held up high. For instance; Quarter Ending December 2013 has an estimated mean of $3,014.73 million with high at $3,208.40 million and low at $2,868.59 million. For the estimated Quarter Ending March 2014, we have mean of $2,930.57 million with high at $3,169 million and low at $2,748 million. For the year ending December 2013, there was an estimated mean of $12,504.50 million with high at $12,921.30 million, and low at $11,821 million. For the year ending December 2014, there was an estimated mean of $11,823.50 million with high at $12,880 million, and low at $10,564 million.

Also, estimated earnings per share are as follows; for the quarter ending of December 2013, mean of $0.52 with high at $0.65, and low at $0.41. Also, for the quarter ending of March 2014, mean of $0.56 with high at $0.75, and low at $0.45. Its valuation ratios for P/E ratio (TTM) come with no ratios for the company itself but 11.06:16.07 for the industry and sector respectively. Its P/E high for the last 5 years has been quite impressive with ratios 36.48: 68.39:34.17 for the company, industry and sector respectively.

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Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email ([email protected]) or his Google+ page (https://plus.google.com/103338576216002376250).

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