FY2024 EPS Estimates for Barrick Gold Lowered by Analyst

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Research analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Barrick Gold in a research note 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 previous 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.

ABX has been the topic of several other reports. Royal Bank of Canada upped their target price on shares of Barrick Gold to C$19.00 and gave the stock a "buy" rating in a research note on Wednesday. Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. UBS Group downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Stifel Nicolaus decreased their price target on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Finally, National Bankshares reduced 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 research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$30.23.

Barrick Gold Trading Down 2.9 %

Shares of ABX stock traded down C$0.76 during trading hours on Wednesday, hitting C$25.43. The company had a trading volume of 4,635,750 shares, compared to its average volume of 3,188,417. The company's fifty day moving average is C$23.33 and its 200 day moving average is C$25.22. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold has a fifty-two week low of C$19.25 and a fifty-two week high of C$29.50. The stock has a market capitalization of C$30.91 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Insider Buying and Selling at Barrick Gold

In other news, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$24.49, for a total transaction of C$61,215.00. Also, Director Dennis Mark Bristow purchased 85,296 shares of the stock in a transaction dated Thursday, November 21st. The shares were purchased 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 insiders.

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.