FY2020 EPS Estimates for Barrick Gold Co. (ABX.TO) (TSE:ABX) Lifted by National Bank Financial


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Barrick Gold Co. (ABX.TO) (TSE:ABX) (NYSE:ABX) – Analysts at National Bank Financial lifted their FY2020 earnings per share estimates for shares of Barrick Gold Co. (ABX.TO) in a note issued to investors on Sunday, January 10th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings of $1.37 per share for the year, up from their previous estimate of $1.23. National Bank Financial has a “Outperform” rating and a $40.00 price objective on the stock. National Bank Financial also issued estimates for Barrick Gold Co. (ABX.TO)’s FY2022 earnings at $1.48 EPS.

Barrick Gold Co. (ABX.TO) (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Thursday, November 5th. The basic materials company reported C$0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.42 by C$0.13. The company had revenue of C$4.72 billion for the quarter, compared to analyst estimates of C$4.42 billion.

Separately, Eight Capital boosted their price target on Barrick Gold Co. (ABX.TO) from C$46.00 to C$48.00 in a research report on Wednesday, October 14th.

TSE:ABX opened at C$29.95 on Tuesday. The firm has a market capitalization of C$53.25 billion and a price-to-earnings ratio of 17.60. Barrick Gold Co. has a twelve month low of C$0.03 and a twelve month high of C$41.09. The stock’s 50 day moving average price is C$29.82 and its two-hundred day moving average price is C$35.10. The company has a quick ratio of 3.00, a current ratio of 4.49 and a debt-to-equity ratio of 16.31.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Monday, November 30th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, November 27th. This is a positive change from Barrick Gold Co. (ABX.TO)’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.60%. Barrick Gold Co. (ABX.TO)’s payout ratio is presently 15.86%.

In other Barrick Gold Co. (ABX.TO) news, Senior Officer Catherine Philippa Raw bought 53,845 shares of the firm’s stock in a transaction that occurred on Friday, November 20th. The shares were acquired at an average cost of C$31.97 per share, with a total value of C$1,721,424.65. Following the acquisition, the insider now owns 149,315 shares of the company’s stock, valued at C$4,773,600.55.

Barrick Gold Co. (ABX.TO) Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Papua New Guinea, Tanzania, and the United States.

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

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