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Barrick Gold Q1 Adj. Profit Rises

(RTTNews) - Barrick Gold Corp. (GOLD, ABX.TO) reported that its first quarter adjusted net earnings per share increased to $0.29 from $0.16, prior year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.27, for the quarter. Analysts' estimates typically exclude special items.

First quarter net income to equity holders increased to $538 million from $400 million, prior year. Earnings per share was $0.30 compared to $0.22.

First quarter revenue increased to $2.96 billion from $2.72 billion, previous year. Analysts expected revenue of $3.01 billion, for the quarter.

Barrick announced that its Board of Directors has declared a dividend for the first quarter of 2021 of $0.09 per share, which will be paid on June 15, 2021 to shareholders of record at the close of business on May 28, 2021.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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