Barrick Gold Co. (TSE:ABX – Free Report) (NYSE:ABX) – Analysts at National Bank Financial lowered their FY2024 earnings estimates for Barrick Gold in a research report issued to clients and investors on Wednesday, January 15th. National Bank Financial analyst M. Parkin now expects that the basic materials company will earn $1.92 per share for the year, down from their previous forecast 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 research analysts have also issued reports on the stock. Sanford C. Bernstein lowered their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group dropped their price objective on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their target price on Barrick Gold to C$21.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, National Bankshares cut their price target on 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$30.38.
Barrick Gold Trading Up 0.3 %
TSE:ABX opened at C$23.21 on Monday. The company’s 50 day moving average is C$23.48 and its 200-day moving average is C$25.23. 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. The firm has a market cap of C$40.62 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.34 and a beta of 0.48.
Barrick Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 2.33%. Barrick Gold’s dividend payout ratio (DPR) is currently 45.38%.
Insider Activity at Barrick Gold
In other news, Director Dennis Mark Bristow bought 85,296 shares of the stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00. 0.60% of the stock is currently owned by insiders.
About Barrick Gold
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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