FY2024 EPS Estimates for Barrick Gold Raised by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Stock analysts at National Bank Financial upped their FY2024 earnings per share estimates for Barrick Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings of $2.01 per share for the year, up from their prior 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.

Several other brokerages have also weighed in on ABX. Eight Capital boosted their price objective on Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th. Stifel Nicolaus boosted their price objective on Barrick Gold from C$28.50 to C$33.50 in a report on Monday, October 21st. Argus raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. TD Securities reissued a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group upped their target price on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$30.77.

Barrick Gold Price Performance

The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. The company has a market capitalization of C$47.71 billion, a price-to-earnings ratio of 22.90, a P/E/G 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 fifty day moving average price of C$27.28 and a 200-day moving average price of C$24.91.

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

Barrick Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.138 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 annualized dividend and a dividend yield of ∞. Barrick Gold’s payout ratio is currently 45.38%.

Insider Transactions at Barrick Gold

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

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.