Barrick Gold Co. to Post FY2024 Earnings of $1.51 Per Share, National Bank Financial Forecasts (TSE:ABX)

Barrick Gold Co. (TSE:ABXFree Report) (NYSE:ABX) – Equities research analysts at National Bank Financial lifted their FY2024 EPS estimates for Barrick Gold in a report released on Monday, May 27th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will earn $1.51 per share for the year, up from their prior estimate of $1.16. National Bank Financial has a “Sector Perform Overweight” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.45 per share. National Bank Financial also issued estimates for Barrick Gold’s FY2025 earnings at $1.80 EPS.

Barrick Gold (TSE:ABXGet Free Report) (NYSE:ABX) last announced its earnings results on Wednesday, May 1st. The basic materials company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.04. The company had revenue of C$3.70 billion for the quarter, compared to analyst estimates of C$3.98 billion. Barrick Gold had a return on equity of 6.83% and a net margin of 12.58%.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus raised their price target on shares of Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a report on Friday, April 19th. CIBC reaffirmed an “outperform” rating and issued a C$31.00 target price on shares of Barrick Gold in a research report on Thursday, February 15th. TD Securities reiterated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, May 1st. Raymond James decreased their price objective on Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. Finally, Eight Capital increased their target price on Barrick Gold from C$32.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and an average target price of C$29.73.

Get Our Latest Stock Analysis on ABX

Barrick Gold Price Performance

Barrick Gold stock opened at C$23.42 on Thursday. The stock’s 50 day moving average price is C$23.25 and its two-hundred day moving average price is C$22.34. The stock has a market capitalization of C$41.22 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.94 and a beta of 0.46. The company has a debt-to-equity ratio of 14.67, a quick ratio of 2.62 and a current ratio of 3.32. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$26.05.

Barrick Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.135 per share. The ex-dividend date is Friday, May 31st. This represents a $0.54 annualized dividend and a yield of 2.31%. This is an increase from Barrick Gold’s previous quarterly dividend of $0.10. Barrick Gold’s dividend payout ratio is 48.67%.

About Barrick Gold

(Get Free Report)

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.

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Earnings History and Estimates for Barrick Gold (TSE:ABX)

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