FY2024 EPS Estimates for Barrick Gold Lowered by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at National Bank Financial dropped their FY2024 earnings estimates for Barrick Gold in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will earn $1.77 per share for the year, down from their prior estimate of $1.92. 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 Q4 2024 earnings at $0.61 EPS.

Several other analysts have also issued reports on the company. Sanford C. Bernstein cut their price target on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on Barrick Gold to C$21.00 and gave the company a “buy” rating in a research note on Friday, December 20th. National Bankshares decreased their target price on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. TD Cowen reiterated a “buy” rating and issued a C$36.00 price target on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Trading Down 2.0 %

Shares of ABX stock opened at C$24.42 on Wednesday. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The firm has a fifty day moving average price of C$23.23 and a 200-day moving average price of C$25.23. The company has a market cap of C$42.74 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62.

Insider Activity

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

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.