FY2024 EPS Estimates for Barrick Gold Boosted by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at National Bank Financial upped their FY2024 earnings per share estimates for shares of Barrick Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $2.01 for the year, up from their previous estimate of $1.70. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. National Bank Financial also issued estimates for Barrick Gold’s FY2025 earnings at $2.72 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Monday, August 12th. The basic materials company reported C$0.44 earnings per share for the quarter, topping the consensus estimate of C$0.36 by C$0.08. The firm had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.12 billion. Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%.

A number of other analysts have also recently commented on ABX. Stifel Nicolaus upped their price target on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. Canaccord Genuity Group upped their target price on shares of Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. TD Securities restated a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. Finally, Eight Capital lifted their target price on Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$30.77.

Barrick Gold Stock Performance

The stock’s 50 day simple moving average is C$27.28 and its two-hundred day simple moving average is C$24.91. The firm has a market cap of C$47.71 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54.

Barrick Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.138 per share. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 annualized dividend and a yield of ?. The ex-dividend date was Friday, August 30th. Barrick Gold’s dividend payout ratio is 45.38%.

Insider Buying and Selling at Barrick Gold

In other news, Director Andrew James Quinn bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of C$26.00 per share, for a total transaction of C$129,999.00. In other Barrick Gold news, Director Andrew James Quinn bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$26.00 per share, with a total value of C$129,999.00. Also, Director Christopher Lewis Coleman sold 121,334 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total value of C$3,409,485.40. Insiders sold a total of 235,334 shares of company stock worth $5,741,477 over the last quarter. 0.60% of the stock is currently owned by insiders.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.