National Bank Financial Comments on Barrick Gold Co. (ABX.TO)’s FY2021 Earnings (TSE:ABX)


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Barrick Gold Co. (ABX.TO) (TSE:ABX) (NYSE:ABX) – National Bank Financial cut their FY2021 earnings estimates for shares of Barrick Gold Co. (ABX.TO) in a research note issued on Sunday, January 10th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings of $1.37 per share for the year, down from their previous forecast of $1.43. National Bank Financial currently has a “Outperform” rating and a $40.00 target price on the stock.

Barrick Gold Co. (ABX.TO) (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Thursday, November 5th. The basic materials company reported C$0.55 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.13. The firm had revenue of C$4.72 billion during the quarter, compared to analyst estimates of C$4.42 billion.

Separately, Eight Capital raised their target price on shares of Barrick Gold Co. (ABX.TO) from C$46.00 to C$48.00 in a report on Wednesday, October 14th.

Shares of ABX stock opened at C$29.95 on Wednesday. The company has a debt-to-equity ratio of 16.31, a quick ratio of 3.00 and a current ratio of 4.49. The company has a market capitalization of C$53.25 billion and a P/E ratio of 17.60. The company’s 50 day moving average price is C$29.82 and its two-hundred day moving average price is C$35.10. Barrick Gold Co. has a 52 week low of C$0.03 and a 52 week high of C$41.09.

In related news, Senior Officer Catherine Philippa Raw bought 53,845 shares of the company’s stock in a transaction on Friday, November 20th. The shares were purchased at an average cost of C$31.97 per share, for a total transaction of C$1,721,424.65. Following the acquisition, the insider now owns 149,315 shares of the company’s stock, valued at approximately C$4,773,600.55.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th were issued a dividend of $0.12 per share. This is an increase from Barrick Gold Co. (ABX.TO)’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, November 27th. Barrick Gold Co. (ABX.TO)’s dividend payout ratio (DPR) is 15.86%.

Barrick Gold Co. (ABX.TO) Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Papua New Guinea, Tanzania, and the United States.

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Earnings History and Estimates for Barrick Gold Co. (ABX.TO) (TSE:ABX)

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