Dahlman Rose Reports ABX 1Q11 EPS

Dahlman Rose has issued a report regarding the 1Q11 EPS results from Barrick Gold Corporation (NYSE: ABX).

According to the report, "Barrick reported adjusted EPS of $1.01 for 1Q11, in-line with consensus estimate. This represents a significant increase from last years 1Q result of $0.78/sh, primarily driven by higher realized Au and Cu prices, and better-than-expected total cash cost for Au. Operating CF increased 27% y/y to $1.44Bn."

ABX has a Hold Rating and closed yesterday at $50.99 a share.