Barrick Gold Co. (TSE:ABX – Get Rating) (NYSE:ABX) – Equities researchers at Raymond James lifted their Q1 2023 earnings estimates for Barrick Gold in a report released on Tuesday, January 17th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $22.78 for the quarter, up from their previous forecast of $0.23. The consensus estimate for Barrick Gold’s current full-year earnings is $1.05 per share. Raymond James also issued estimates for Barrick Gold’s FY2023 earnings at $0.88 EPS.
Barrick Gold (TSE:ABX – Get Rating) (NYSE:ABX) last released its quarterly earnings results on Thursday, November 3rd. The basic materials company reported C$0.17 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.02. The business had revenue of C$3.30 billion during the quarter, compared to analysts’ expectations of C$4.01 billion.
Barrick Gold Stock Performance
ABX opened at C$25.35 on Friday. The company has a market cap of C$44.79 billion and a P/E ratio of 17.73. The company has a quick ratio of 2.62, a current ratio of 3.76 and a debt-to-equity ratio of 15.77. The firm’s 50-day moving average price is C$23.34 and its 200-day moving average price is C$21.54. Barrick Gold has a 52-week low of C$17.88 and a 52-week high of C$33.50.
Insider Buying and Selling at Barrick Gold
In other Barrick Gold news, Director Dennis Mark Bristow bought 110,011 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were bought at an average price of C$20.69 per share, for a total transaction of C$2,276,655.64. Following the transaction, the director now owns 5,941,200 shares of the company’s stock, valued at approximately C$122,951,945.76. In other news, Director Dennis Mark Bristow purchased 110,011 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was acquired at an average price of C$20.69 per share, for a total transaction of C$2,276,655.64. Following the completion of the transaction, the director now directly owns 5,941,200 shares in the company, valued at approximately C$122,951,945.76. Also, Senior Officer Grant Bill Beringer bought 10,837 shares of Barrick Gold stock in a transaction that occurred on Thursday, November 17th. The stock was bought at an average cost of C$20.69 per share, for a total transaction of C$224,269.55. Following the purchase, the insider now owns 45,071 shares in the company, valued at approximately C$932,735.33.
Barrick Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were issued a $0.15 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.37%. Barrick Gold’s payout ratio is 34.27%.
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.
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.