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

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Raymond James increased their FY2024 earnings estimates for shares of Barrick Gold in a note issued to investors on Monday, August 12th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings per share of $1.66 for the year, up from their previous estimate of $1.61. The consensus estimate for Barrick Gold’s current full-year earnings is $1.45 per share. Raymond James also issued estimates for Barrick Gold’s Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.48 EPS and FY2025 earnings at $1.77 EPS.

ABX has been the topic of several other research reports. Canaccord Genuity Group boosted their target price on Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. TD Securities reiterated a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, May 1st. Eight Capital upped their price target on shares of Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. Sanford C. Bernstein raised their price objective on shares of Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, National Bankshares lowered their target price on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Barrick Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$30.18.

Barrick Gold Trading Down 0.3 %

TSE ABX opened at C$26.19 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 3.32 and a debt-to-equity ratio of 14.67. The stock has a market capitalization of C$46.09 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.94 and a beta of 0.46. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$26.58. The firm has a 50-day moving average price of C$24.07 and a 200 day moving average price of C$22.78.

Barrick Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from Barrick Gold’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, August 30th. Barrick Gold’s payout ratio is 48.67%.

Insider Activity

In related news, Director Andrew James Quinn acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of C$26.00 per share, for a total transaction of C$129,999.00. In other news, Director Andrew James Quinn bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of C$26.00 per share, for a total transaction of C$129,999.00. Also, Senior Officer Riaan Grobler sold 94,000 shares of Barrick Gold stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. Company insiders own 0.61% of the company’s stock.

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.