FY2024 EPS Estimates for Barrick Gold Co. Lifted by Analyst (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Raymond James boosted their FY2024 earnings per share estimates for Barrick Gold in a research report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $1.82 per share for the year, up from their prior estimate of $1.66. The consensus estimate for Barrick Gold’s current full-year earnings is $2.27 per share. Raymond James also issued estimates for Barrick Gold’s Q4 2024 earnings at $0.61 EPS.

Other analysts have also issued research reports about the company. Canaccord Genuity Group boosted their price target on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. Argus raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Finally, Eight Capital boosted their price target on Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$30.18.

Barrick Gold Stock Up 1.4 %

Barrick Gold stock opened at C$28.32 on Wednesday. The stock has a market cap of C$49.56 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. Barrick Gold has a one year low of C$18.65 and a one year high of C$28.67. The stock has a fifty day moving average of C$26.18 and a 200 day moving average of C$24.02.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Monday, August 12th. The basic materials company reported C$0.44 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 during the quarter, compared to analysts’ expectations of C$4.12 billion. Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%.

Insider Transactions at Barrick Gold

In other news, Senior Officer Riaan Grobler sold 94,000 shares of the company’s stock in a transaction dated 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 related news, Senior Officer Joel James Holliday sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total transaction of C$547,298.10. Also, Senior Officer Riaan Grobler sold 94,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total value of C$1,784,693.40. Corporate insiders own 0.61% of the company’s stock.

Barrick Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.138 dividend. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.95%. Barrick Gold’s dividend payout ratio is 46.15%.

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.