Barrick Gold FY2024 EPS Reduced by National Bank Financial

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities researchers at National Bank Financial lowered their FY2024 EPS estimates for shares of Barrick Gold in a report issued on Wednesday, January 15th. National Bank Financial analyst M. Parkin now expects that the basic materials company will earn $1.92 per share for the year, down from their prior estimate of $2.01. 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 FY2025 earnings at $2.59 EPS and FY2026 earnings at $2.74 EPS.

A number of other equities research analysts have also issued reports on ABX. National Bankshares dropped their target price on shares of Barrick Gold from C$26.00 to C$24.00 and set a "sector perform" rating for the company in a report on Thursday. Stifel Nicolaus cut their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. TD Securities restated a "buy" rating and set a C$34.00 target price on shares of Barrick Gold in a report on Wednesday, October 16th. Canaccord Genuity Group reduced their price objective on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Finally, TD Cowen restated a "buy" rating and issued a C$36.00 target price on shares of Barrick Gold in a report on Tuesday, January 14th. Three 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$30.38.

Barrick Gold Stock Performance

ABX traded up C$0.07 during trading on Monday, reaching C$23.21. 667,600 shares of the company's stock were exchanged, compared to its average volume of 2,989,315. The company's fifty day simple moving average is C$23.48 and its 200-day simple moving average is C$25.23. The stock has a market capitalization of C$40.62 billion, a P/E ratio of 19.50, a price-to-earnings-growth 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. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50.

Insider Buying and Selling

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

Barrick Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, November 29th. Barrick Gold's dividend payout ratio (DPR) is 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.