Barrick Gold Co. (TSE:ABX – Free Report) (NYSE:ABX) – Research analysts at Raymond James cut their Q1 2024 earnings per share (EPS) estimates for shares of Barrick Gold in a report released on Tuesday, April 16th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.23 per share for the quarter, down from their previous estimate of $0.30. The consensus estimate for Barrick Gold’s current full-year earnings is $1.20 per share. Raymond James also issued estimates for Barrick Gold’s Q2 2024 earnings at $0.29 EPS, Q3 2024 earnings at $0.29 EPS, Q4 2024 earnings at $0.30 EPS and FY2024 earnings at $1.12 EPS.
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%.
Barrick Gold Price Performance
ABX opened at C$23.53 on Thursday. The stock’s 50 day simple moving average is C$21.59 and its 200 day simple moving average is C$21.99. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 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$28.19. The firm has a market cap of C$41.41 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.94 and a beta of 0.46.
Barrick Gold Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, February 28th. Barrick Gold’s payout ratio is presently 54.55%.
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.
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