National Bank Financial Weighs in on Barrick Gold Corp’s Q1 2022 Earnings (NYSE:GOLD)

Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) – Equities research analysts at National Bank Financial issued their Q1 2022 EPS estimates for shares of Barrick Gold in a research note issued on Tuesday, April 19th. National Bank Financial analyst M. Parkin expects that the gold and copper producer will earn $0.24 per share for the quarter. National Bank Financial also issued estimates for Barrick Gold’s FY2022 earnings at $1.18 EPS.

GOLD has been the subject of a number of other research reports. TD Securities cut Barrick Gold from an “action list buy” rating to a “buy” rating and set a $31.00 price target for the company. in a research report on Wednesday, April 13th. Fundamental Research increased their target price on Barrick Gold from $26.00 to $26.45 and gave the stock a “buy” rating in a research report on Tuesday, March 1st. The Goldman Sachs Group cut Barrick Gold from a “neutral” rating to a “sell” rating in a research report on Monday, January 17th. Jefferies Financial Group increased their target price on Barrick Gold from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, March 9th. Finally, Raymond James increased their target price on Barrick Gold from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $29.29.

Shares of GOLD opened at $25.25 on Thursday. The company has a quick ratio of 3.12, a current ratio of 3.95 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $24.00 and a two-hundred day simple moving average of $20.75. The stock has a market cap of $44.93 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 10.52 and a beta of 0.25. Barrick Gold has a 52 week low of $17.27 and a 52 week high of $26.07.

Barrick Gold (NYSE:GOLDGet Rating) (TSE:ABX) last posted its earnings results on Wednesday, February 16th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.20 billion. Barrick Gold had a return on equity of 6.42% and a net margin of 16.87%. Barrick Gold’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share.

Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Barrick Gold by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 88,939,006 shares of the gold and copper producer’s stock valued at $1,689,852,000 after purchasing an additional 5,107,044 shares during the last quarter. Capital World Investors lifted its stake in shares of Barrick Gold by 13.0% during the 3rd quarter. Capital World Investors now owns 64,790,052 shares of the gold and copper producer’s stock worth $1,169,470,000 after acquiring an additional 7,473,686 shares during the last quarter. Flossbach Von Storch AG lifted its stake in shares of Barrick Gold by 0.5% during the 3rd quarter. Flossbach Von Storch AG now owns 55,480,311 shares of the gold and copper producer’s stock worth $1,001,419,000 after acquiring an additional 294,815 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Barrick Gold by 1.2% during the 3rd quarter. BlackRock Inc. now owns 42,797,919 shares of the gold and copper producer’s stock worth $772,503,000 after acquiring an additional 520,592 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Barrick Gold by 0.4% during the 3rd quarter. Invesco Ltd. now owns 20,789,412 shares of the gold and copper producer’s stock worth $375,248,000 after acquiring an additional 87,321 shares during the last quarter. 57.62% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were paid a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 25th. Barrick Gold’s payout ratio is 35.09%.

About Barrick Gold (Get Rating)

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

Further Reading

Earnings History and Estimates for Barrick Gold (NYSE:GOLD)

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