Q1 2024 Earnings Forecast for Barrick Gold Co. (TSE:ABX) Issued By National Bank Financial

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at National Bank Financial issued their Q1 2024 EPS estimates for Barrick Gold in a research note issued on Thursday, April 18th. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings per share of $0.21 for the quarter. National Bank Financial has a “Sector Perform Overweight” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.20 per share. National Bank Financial also issued estimates for Barrick Gold’s FY2024 earnings at $1.16 EPS and FY2025 earnings at $1.51 EPS.

Several other equities research analysts have also commented on ABX. TD Securities restated a “buy” rating and issued a C$29.00 price target on shares of Barrick Gold in a research note on Tuesday, April 16th. Berenberg Bank lifted their target price on Barrick Gold from C$29.00 to C$31.00 in a research note on Monday, April 8th. Eight Capital increased their price target on Barrick Gold from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday. Sanford C. Bernstein upped their price objective on shares of Barrick Gold from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, Raymond James decreased their target price on shares of Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$29.27.

Barrick Gold Stock Down 4.3 %

ABX stock opened at C$22.51 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 16.32. The firm’s 50-day simple moving average is C$21.64 and its 200 day simple moving average is C$22.05. The stock has a market cap of C$39.62 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion during the quarter, compared to the consensus estimate of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.78%. Barrick Gold’s payout ratio is currently 54.55%.

About Barrick Gold

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.