Barrick Gold Co. (TSE:ABX – Free Report) (NYSE:ABX) – Analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for Barrick Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings of $0.48 per share for the quarter. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last announced its quarterly earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.08. The company had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.12 billion. Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%.
View Our Latest Stock Analysis on Barrick Gold
Barrick Gold Stock Performance
Barrick Gold stock opened at C$28.77 on Thursday. The stock’s 50 day simple moving average is C$27.19 and its two-hundred day simple moving average is C$24.87. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. The stock has a market cap of C$50.35 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50.
Insider Buying and Selling at Barrick Gold
In other Barrick Gold news, Senior Officer Riaan Grobler sold 94,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. In other news, Senior Officer Joel James Holliday sold 20,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total value of C$547,298.10. Also, Senior Officer Riaan Grobler sold 94,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$18.99, for a total value of C$1,784,693.40. In the last ninety days, insiders sold 235,334 shares of company stock worth $5,741,477. Insiders own 0.60% of the company’s stock.
Barrick Gold Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.138 per share. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 dividend on an annualized basis and a yield of 1.92%. Barrick Gold’s payout ratio is currently 45.38%.
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.
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