Barrick Gold Co. (TSE:ABX – Get Rating) (NYSE:ABX) – National Bank Financial cut their FY2022 earnings per share (EPS) estimates for shares of Barrick Gold in a research note issued to investors on Sunday, November 20th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $0.98 for the year, down from their previous estimate of $1.06. The consensus estimate for Barrick Gold’s current full-year earnings is $1.07 per share.
Other research analysts have also recently issued reports about the company. Stifel Nicolaus decreased their target price on Barrick Gold from C$33.00 to C$29.00 in a research note on Tuesday. Canaccord Genuity Group dropped their target price on Barrick Gold from C$29.00 to C$28.00 in a report on Tuesday. Eight Capital dropped their target price on Barrick Gold from C$32.00 to C$31.00 in a report on Wednesday, October 26th. National Bankshares dropped their price objective on Barrick Gold from C$25.00 to C$24.00 in a research note on Tuesday, November 8th. Finally, Fundamental Research reaffirmed a “buy” rating and issued a C$26.00 target price on shares of Barrick Gold in a research report on Tuesday, November 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.13.
Barrick Gold Trading Up 4.0 %
Barrick Gold Cuts Dividend
The firm 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 $0.15 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 2.80%. Barrick Gold’s payout ratio is 34.51%.
Insider Buying and Selling at Barrick Gold
In other news, Senior Officer Grant Bill Beringer purchased 10,837 shares of Barrick Gold stock in a transaction dated Thursday, November 17th. The stock was purchased at an average cost of C$20.69 per share, for a total transaction of C$224,269.55. Following the transaction, the insider now directly owns 45,071 shares of the company’s stock, valued at C$932,735.33. In other Barrick Gold news, Senior Officer Grant Bill Beringer purchased 10,837 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was acquired at an average cost of C$20.69 per share, for a total transaction of C$224,269.55. Following the completion of the transaction, the insider now directly owns 45,071 shares in the company, valued at approximately C$932,735.33. Also, Director Dennis Mark Bristow acquired 110,011 shares of the stock in a transaction dated Thursday, November 17th. The shares were purchased at an average cost of C$20.69 per share, with a total value of C$2,276,655.64. Following the completion of the purchase, the director now owns 5,941,200 shares of the company’s stock, valued at approximately C$122,951,945.76.
Barrick Gold 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, Dominican Republic, Mali, Tanzania, and the United States.
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