Stifel Canada Decreases Earnings Estimates for Barrick Gold

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for shares of Barrick Gold in a research report issued to clients and investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the basic materials company will post earnings per share of $1.77 for the year, down from their previous estimate of $1.85. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2025 earnings at $2.42 EPS.

Several other equities analysts also recently commented on the stock. Canaccord Genuity Group dropped their price objective on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. National Bankshares dropped their price target on 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. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Sanford C. Bernstein lowered their target price on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Finally, UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Stock Up 0.2 %

ABX stock opened at C$24.61 on Friday. The stock has a market capitalization of C$43.07 billion, a P/E ratio of 20.68, a price-to-earnings-growth 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 firm has a 50-day moving average price of C$23.22 and a 200-day moving average price of C$25.22. Barrick Gold has a 12 month low of C$18.65 and a 12 month high of C$29.50.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.03). Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. During the same period in the prior year, the firm posted $0.32 earnings per share.

Insiders Place Their Bets

In other Barrick Gold news, Director Dennis Mark Bristow bought 85,296 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. Company 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.