National Bank Financial Estimates Barrick Gold Q3 Earnings

Barrick Gold Co. (TSE:ABX) (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) (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%.

Several other analysts have also recently weighed in on ABX. Canaccord Genuity Group lifted their price objective on Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus lifted their price objective on Barrick Gold from C$28.50 to C$33.50 in a research report on Monday. Argus raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Eight Capital lifted their price objective on Barrick Gold from C$36.00 to C$38.00 in a research report on Thursday, July 11th. Finally, TD Securities reissued a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and a consensus price target of C$30.77.

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.