Barrick Gold Co. Forecasted to Earn Q1 2024 Earnings of $0.21 Per Share (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at National Bank Financial issued their Q1 2024 EPS estimates for Barrick Gold in a note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin expects that the basic materials company will post earnings of $0.21 per share 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 also recently issued reports on ABX. National Bankshares decreased their price objective on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Friday. CIBC reissued an “outperform” rating and set a C$31.00 target price on shares of Barrick Gold in a research report on Thursday, February 15th. Veritas Investment Research boosted their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. TD Securities reaffirmed a “buy” rating and set a C$29.00 target price on shares of Barrick Gold in a research report on Tuesday, April 16th. Finally, Sanford C. Bernstein boosted their target price on Barrick Gold from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$28.60.

Barrick Gold Price Performance

ABX opened at C$23.53 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. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$28.19. The company has a 50 day moving average of C$21.59 and a two-hundred day moving average of C$22.03. The company has a market cap of C$41.41 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.94 and a beta of 0.46.

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

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given 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 1.70%. Barrick Gold’s dividend payout ratio is currently 54.55%.

Barrick Gold Company Profile

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.