FY2023 Earnings Estimate for Barrick Gold Corp (NYSE:GOLD) Issued By National Bank Financial

Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) – National Bank Financial lowered their FY2023 earnings estimates for shares of Barrick Gold in a report issued on Sunday, November 20th. National Bank Financial analyst M. Parkin now anticipates that the gold and copper producer will earn $0.54 per share for the year, down from their prior forecast of $0.71. The consensus estimate for Barrick Gold’s current full-year earnings is $0.79 per share.

Several other research analysts have also issued reports on the stock. Raymond James reduced their target price on shares of Barrick Gold from $24.50 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Fundamental Research reaffirmed a “buy” rating and issued a $19.90 target price (down previously from $23.42) on shares of Barrick Gold in a research note on Tuesday, November 15th. TD Securities reduced their target price on shares of Barrick Gold from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Royal Bank of Canada reduced their target price on shares of Barrick Gold from $27.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Barclays cut their price target on shares of Barrick Gold from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.59.

Barrick Gold Stock Up 1.4 %

Shares of NYSE:GOLD opened at $16.23 on Wednesday. Barrick Gold has a 12 month low of $13.01 and a 12 month high of $26.07. The company’s 50-day moving average price is $15.21 and its two-hundred day moving average price is $16.85. The company has a quick ratio of 2.98, a current ratio of 3.76 and a debt-to-equity ratio of 0.16. The firm has a market cap of $28.59 billion, a P/E ratio of 15.17, a P/E/G ratio of 10.15 and a beta of 0.27.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.44 annualized dividend and a yield of 2.71%. Barrick Gold’s dividend payout ratio (DPR) is currently 37.38%.

Institutional Trading of Barrick Gold

Hedge funds have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. acquired a new stake in Barrick Gold during the 1st quarter worth approximately $26,000. Tompkins Financial Corp acquired a new stake in Barrick Gold during the 1st quarter worth approximately $27,000. Herold Advisors Inc. acquired a new stake in Barrick Gold during the 1st quarter worth approximately $36,000. CoreCap Advisors LLC acquired a new stake in Barrick Gold during the 2nd quarter worth approximately $29,000. Finally, Hexagon Capital Partners LLC raised its holdings in Barrick Gold by 355.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,661 shares of the gold and copper producer’s stock worth $26,000 after buying an additional 1,296 shares during the period. 58.03% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Company Profile

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Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

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Earnings History and Estimates for Barrick Gold (NYSE:GOLD)

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