FY2024 EPS Estimates for Barrick Gold Decreased by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at National Bank Financial cut their FY2024 earnings per share estimates for Barrick Gold in a research note issued on Wednesday, January 15th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will earn $1.92 per share for the year, down from their previous estimate of $2.01. 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 $2.59 EPS and FY2026 earnings at $2.74 EPS.

A number of other research analysts also recently commented on ABX. UBS Group downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Canaccord Genuity Group dropped their price target on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. TD Securities restated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research report on Wednesday, October 16th. Finally, National Bankshares lowered their target price on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold currently has an average rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$23.14 on Monday. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The business has a 50-day moving average of C$23.48 and a 200-day moving average of C$25.21. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The company has a market capitalization of C$40.50 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.34 and a beta of 0.48.

Insider Transactions at Barrick Gold

In related news, Director Dennis Mark Bristow bought 85,296 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin acquired 5,778 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average price of C$25.03 per share, for a total transaction of C$144,645.87. 0.60% of the stock is currently owned by insiders.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 2.33%. Barrick Gold’s dividend payout ratio (DPR) is presently 45.38%.

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.