FY2021 Earnings Forecast for Barrick Gold Co. Issued By National Bank Financial (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at National Bank Financial increased their FY2021 earnings per share estimates for Barrick Gold in a report released on Monday, June 7th. National Bank Financial analyst M. Parkin now expects that the basic materials company will earn $1.63 per share for the year, up from their previous estimate of $1.50. National Bank Financial currently has a “Outperform” rating and a $39.00 target price on the stock.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Wednesday, May 5th. The basic materials company reported C$0.37 EPS for the quarter, topping analysts’ consensus estimates of C$0.33 by C$0.04. The company had revenue of C$3.74 billion for the quarter, compared to analysts’ expectations of C$3.79 billion.

Other research analysts also recently issued reports about the stock. Raymond James increased their target price on shares of Barrick Gold to C$36.00 and gave the company an “outperform” rating in a research report on Thursday, May 6th. National Bankshares raised their price objective on shares of Barrick Gold from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research note on Thursday, May 20th. Royal Bank of Canada restated an “outperform” rating and set a C$32.50 target price on shares of Barrick Gold in a report on Wednesday, May 26th. TD Securities reiterated an “action list buy” rating and set a C$30.00 price target on shares of Barrick Gold in a report on Wednesday, March 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Barrick Gold from C$39.00 to C$33.00 and set a “neutral” rating for the company in a report on Tuesday, April 27th. Two research 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 stock. The stock presently has an average rating of “Buy” and a consensus price target of C$34.55.

Shares of ABX stock opened at C$28.67 on Wednesday. The business has a 50 day moving average of C$28.02. The company has a debt-to-equity ratio of 16.06, a quick ratio of 2.66 and a current ratio of 3.77. Barrick Gold has a one year low of C$23.63 and a one year high of C$41.09. The firm has a market cap of C$50.99 billion and a price-to-earnings ratio of 17.15.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Friday, May 28th will be issued a $0.111 dividend. The ex-dividend date is Thursday, May 27th. This represents a $0.44 annualized dividend and a yield of 1.55%. Barrick Gold’s payout ratio is currently 19.74%.

In other Barrick Gold news, Senior Officer Catherine Philippa Raw sold 39,408 shares of the firm’s stock in a transaction on Friday, May 28th. The stock was sold at an average price of C$28.89, for a total value of C$1,138,497.12. Following the completion of the sale, the insider now directly owns 131,102 shares of the company’s stock, valued at C$3,787,536.78.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States.

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Earnings History and Estimates for Barrick Gold (TSE:ABX)

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