FY2024 EPS Estimates for Barrick Gold Increased by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Scotiabank upped their FY2024 earnings per share (EPS) estimates for shares of Barrick Gold in a report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings of $1.65 per share for the year, up from their prior estimate of $1.51. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Scotiabank also issued estimates for Barrick Gold’s FY2026 earnings at $2.10 EPS.

Other equities research analysts also recently issued reports about the stock. UBS Group downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein decreased their target price on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Royal Bank of Canada increased their price target on Barrick Gold to C$21.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, TD Securities reaffirmed a “buy” rating and set a C$34.00 target price on shares of Barrick Gold in a research report on Wednesday, October 16th. Three equities 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$30.17.

Barrick Gold Stock Performance

TSE:ABX opened at C$22.70 on Thursday. 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 twelve month low of C$18.65 and a twelve month high of C$29.50. The company has a fifty day moving average of C$23.81 and a 200-day moving average of C$25.18. The firm has a market capitalization of C$39.73 billion, a P/E ratio of 19.08, a P/E/G ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 45.38%.

Insiders Place Their Bets

In other Barrick Gold news, Senior Officer Poupak Bahamin bought 5,778 shares of Barrick Gold stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of C$25.03 per share, with a total value of C$144,645.87. Also, Director Dennis Mark Bristow purchased 85,296 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Insiders own 0.60% of the company’s stock.

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.