Barrick Gold FY2024 EPS Reduced by National Bank Financial

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at National Bank Financial dropped their FY2024 EPS estimates for Barrick Gold in a research report issued to clients and investors on Wednesday, January 15th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $1.92 for the year, down from their prior 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 equities analysts have also recently issued reports on the company. Sanford C. Bernstein reduced their target price on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. National Bankshares decreased their price objective on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada upped their target price on shares of Barrick Gold to C$21.00 and gave the company a “buy” rating in a research note on Friday, December 20th. UBS Group cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus lowered their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Barrick Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.38.

Barrick Gold Stock Up 0.3 %

Shares of Barrick Gold stock opened at C$23.21 on Monday. The business has a fifty day simple moving average of C$23.48 and a 200 day simple moving average of C$25.23. The stock has a market cap of C$40.62 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. 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 has a 12 month low of C$18.65 and a 12 month high of C$29.50.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.33%. Barrick Gold’s payout ratio is presently 45.38%.

Insider Activity at Barrick Gold

In related news, Director Dennis Mark Bristow purchased 85,296 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was purchased 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 shares were bought 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 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.