KeyCorp Weighs in on Barrick Gold Co.’s Q2 2022 Earnings (TSE:ABX)

Barrick Gold Co. (TSE:ABXGet Rating) (NYSE:ABX) – Research analysts at KeyCorp boosted their Q2 2022 earnings estimates for Barrick Gold in a research report issued on Tuesday, May 10th. KeyCorp analyst A. Josephson now expects that the basic materials company will post earnings per share of $0.39 for the quarter, up from their previous estimate of $0.35. KeyCorp also issued estimates for Barrick Gold’s Q3 2022 earnings at $0.42 EPS, Q4 2022 earnings at $0.42 EPS, FY2022 earnings at $1.56 EPS and FY2023 earnings at $1.55 EPS.

ABX has been the subject of a number of other reports. Fundamental Research reiterated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Tuesday. National Bankshares lifted their target price on shares of Barrick Gold from C$29.00 to C$38.00 in a research note on Wednesday, April 20th. Royal Bank of Canada set a C$23.00 target price on shares of Barrick Gold and gave the company an “outperform” rating in a research note on Tuesday, February 15th. National Bank Financial reduced their price objective on shares of Barrick Gold to C$29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 23rd. Finally, Canaccord Genuity Group boosted their price objective on shares of Barrick Gold from C$31.00 to C$38.00 in a research note on Friday, April 22nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$32.31.

TSE ABX opened at C$27.58 on Thursday. The company has a quick ratio of 2.98, a current ratio of 3.95 and a debt-to-equity ratio of 16.94. The stock has a market capitalization of C$49.07 billion and a PE ratio of 19.05. The company has a 50 day moving average price of C$30.40 and a two-hundred day moving average price of C$26.75. Barrick Gold has a 12-month low of C$22.30 and a 12-month high of C$33.50.

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

The business also recently announced a None dividend, which will be paid on Wednesday, June 15th. Investors of record on Friday, May 27th will be paid a dividend of $0.257 per share. This represents a yield of 2.71%. The ex-dividend date is Thursday, May 26th. Barrick Gold’s payout ratio is currently 25.55%.

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.

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

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