Jefferies Financial Group Comments on Barrick Gold Co.’s Q1 2022 Earnings (TSE:ABX)

Barrick Gold Co. (TSE:ABXGet Rating) (NYSE:ABX) – Research analysts at Jefferies Financial Group lowered their Q1 2022 earnings estimates for Barrick Gold in a report released on Monday, April 18th. Jefferies Financial Group analyst C. Lafemina now anticipates that the basic materials company will post earnings of $0.34 per share for the quarter, down from their previous forecast of $0.43. Jefferies Financial Group also issued estimates for Barrick Gold’s FY2022 earnings at $1.84 EPS and FY2024 earnings at $1.72 EPS.

Several other research firms have also recently weighed in on ABX. Fundamental Research upped their target price on Barrick Gold to C$33.50 and gave the stock a “buy” rating in a research note on Tuesday, March 1st. 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. Raymond James increased their price target on Barrick Gold from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday, February 11th. National Bank Financial dropped their price target on Barrick Gold to C$29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 23rd. Finally, National Bankshares dropped their price target on Barrick Gold from C$30.00 to C$29.00 in a research note on Wednesday, February 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$31.04.

TSE ABX opened at C$31.55 on Wednesday. The business has a fifty day moving average price of C$30.21 and a two-hundred day moving average price of C$26.14. The company has a debt-to-equity ratio of 16.94, a current ratio of 3.95 and a quick ratio of 2.98. Barrick Gold has a fifty-two week low of C$22.30 and a fifty-two week high of C$33.50. The stock has a market capitalization of C$56.14 billion and a PE ratio of 22.06.

Barrick Gold (TSE:ABXGet Rating) (NYSE:ABX) last released its earnings results on Wednesday, February 16th. The basic materials company reported C$0.44 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.07. The business had revenue of C$4.17 billion for the quarter, compared to the consensus estimate of C$4.35 billion.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were issued a $0.10 dividend. The ex-dividend date was Friday, February 25th. This represents a $0.40 dividend on an annualized basis and a yield of 1.27%. Barrick Gold’s payout ratio is 25.17%.

About Barrick Gold (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.

See Also

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

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