FY2024 EPS Estimates for Barrick Gold Reduced by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Barrick Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the basic materials company will earn $1.77 per share for the year, down from their previous estimate of $1.92. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. National Bank Financial also issued estimates for Barrick Gold’s Q4 2024 earnings at $0.61 EPS.

ABX has been the subject of several other research reports. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. National Bankshares reduced their price objective on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group lowered their target price on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. TD Securities reiterated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Finally, Stifel Nicolaus decreased their price objective on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Stock Down 2.0 %

TSE:ABX opened at C$24.42 on Wednesday. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The company has a 50-day moving average of C$23.23 and a 200 day moving average of C$25.23. The firm has a market cap of C$42.74 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Insider Buying and Selling at Barrick Gold

In related news, Director Dennis Mark Bristow acquired 85,296 shares of the stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin acquired 5,778 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of C$25.03 per share, for a total transaction of C$144,645.87. 0.60% of the stock is currently owned by company insiders.

About Barrick Gold

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.