National Bank Financial Estimates Barrick Gold Q3 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at National Bank Financial issued their Q3 2024 earnings estimates for Barrick Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings of $0.48 per share for the quarter. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

Several other brokerages have also issued reports on ABX. Stifel Nicolaus increased their price target on shares of Barrick Gold from C$28.50 to C$33.50 in a research note on Monday. TD Securities reaffirmed a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. Eight Capital raised their price target on Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th. Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd. Finally, Argus upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$30.77.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$28.15 on Thursday. Barrick Gold has a 12 month low of C$18.65 and a 12 month high of C$29.50. The firm has a market capitalization of C$49.26 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The business has a fifty day simple moving average of C$27.19 and a two-hundred day simple moving average of C$24.87.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.36 by C$0.08. Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. The firm had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.12 billion.

Barrick Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.138 dividend. The ex-dividend date was Friday, August 30th. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.96%. Barrick Gold’s payout ratio is currently 45.38%.

Insider Activity

In related news, Senior Officer Riaan Grobler sold 94,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total value of C$1,784,693.40. In other Barrick Gold news, Senior Officer Riaan Grobler sold 94,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. Also, Director Andrew James Quinn purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of C$26.00 per share, for a total transaction of C$129,999.00. Insiders sold 235,334 shares of company stock valued at $5,741,477 over the last three months. Insiders own 0.60% of the company’s stock.

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.