Barrick Gold Co. (TSE:ABX) Expected to Earn Q1 2022 Earnings of $0.28 Per Share

Barrick Gold Co. (TSE:ABXGet Rating) (NYSE:ABX) – Analysts at Cormark decreased their Q1 2022 earnings per share (EPS) estimates for Barrick Gold in a report issued on Monday, April 18th. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.28 per share for the quarter, down from their previous estimate of $0.29. Cormark also issued estimates for Barrick Gold’s FY2022 earnings at $1.31 EPS.

A number of other equities research analysts have also recently commented on ABX. National Bank Financial reduced their target price on shares of Barrick Gold to C$29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 23rd. National Bankshares lowered their price objective on shares of Barrick Gold from C$30.00 to C$29.00 in a research report on Wednesday, February 23rd. Raymond James raised their target price on shares of Barrick Gold from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Friday, February 11th. Royal Bank of Canada set a C$23.00 price target on Barrick Gold and gave the company an “outperform” rating in a research note on Tuesday, February 15th. Finally, Fundamental Research lifted their target price on shares of Barrick Gold to C$33.50 and gave the stock a “buy” rating in a research report on Tuesday, March 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Barrick Gold presently has an average rating of “Buy” and a consensus price target of C$31.04.

Shares of Barrick Gold stock opened at C$32.01 on Tuesday. The company has a market cap of C$56.96 billion and a P/E ratio of 22.38. Barrick Gold has a fifty-two week low of C$22.30 and a fifty-two week high of C$33.50. The firm has a 50-day simple moving average of C$30.08 and a two-hundred day simple moving average of C$26.07. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.98 and a current ratio of 3.95.

Barrick Gold (TSE:ABXGet Rating) (NYSE:ABX) last released its quarterly earnings data on Wednesday, February 16th. The basic materials company reported C$0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.37 by C$0.07. The company had revenue of C$4.17 billion during the quarter, compared to analysts’ expectations of C$4.35 billion.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 25th. Barrick Gold’s dividend payout ratio is currently 25.17%.

Barrick Gold Company Profile (Get Rating)

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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