FY2022 EPS Estimates for Barrick Gold Corp (TSE:ABX) Lowered by Analyst

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities research analysts at Jefferies Financial Group reduced their FY2022 earnings per share estimates for Barrick Gold in a report issued on Monday, August 12th. Jefferies Financial Group analyst C. Lafemina now forecasts that the basic materials company will earn $0.88 per share for the year, down from their prior estimate of $0.90.

A number of other analysts also recently weighed in on ABX. Canaccord Genuity boosted their target price on shares of Barrick Gold from C$19.50 to C$21.00 in a report on Friday, July 19th. Eight Capital boosted their target price on shares of Barrick Gold from C$20.00 to C$28.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$20.00 target price on shares of Barrick Gold in a report on Thursday, July 4th.

Barrick Gold stock opened at C$24.49 on Wednesday. The company’s 50-day moving average price is C$22.13 and its 200-day moving average price is C$18.73. Barrick Gold has a twelve month low of C$12.54 and a twelve month high of C$24.67. The company has a quick ratio of 1.28, a current ratio of 2.46 and a debt-to-equity ratio of 31.73. The company has a market cap of $42.50 billion and a PE ratio of -20.09.

Institutional investors have recently bought and sold shares of the company. Legacy Bridge LLC bought a new position in Barrick Gold during the 1st quarter valued at about $28,000. McIlrath & Eck LLC grew its holdings in Barrick Gold by 624.7% during the 1st quarter. McIlrath & Eck LLC now owns 2,174 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,874 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in Barrick Gold by 48.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,433 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 797 shares during the last quarter. Synovus Financial Corp grew its holdings in Barrick Gold by 152.8% during the 1st quarter. Synovus Financial Corp now owns 2,445 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,478 shares during the last quarter. Finally, CWM LLC grew its holdings in Barrick Gold by 100.1% during the 1st quarter. CWM LLC now owns 2,698 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 1,350 shares during the last quarter.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.053 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.87%. Barrick Gold’s dividend payout ratio (DPR) is presently -13.95%.

Barrick Gold Company Profile

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia.

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

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