Equities Analysts Set Expectations for Barrick Gold Co.’s Q1 2021 Earnings (TSE:ABX)

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Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Cormark dropped their Q1 2021 earnings estimates for shares of Barrick Gold in a note issued to investors on Monday, April 12th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.35 per share for the quarter, down from their prior estimate of $0.41.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Thursday, February 18th. The basic materials company reported C$0.46 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.06. The business had revenue of C$4.27 billion for the quarter, compared to analyst estimates of C$4.10 billion.

A number of other research analysts have also recently issued reports on ABX. TD Securities restated an “action list buy” rating and set a C$30.00 price objective on shares of Barrick Gold in a report on Wednesday, March 3rd. Raymond James decreased their price objective on shares of Barrick Gold to C$36.00 and set an “outperform” rating for the company in a report on Wednesday, April 7th. Canaccord Genuity reiterated a “sector perform” rating and issued a C$40.00 price target (down previously from C$42.00) on shares of Barrick Gold in a report on Tuesday, February 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a C$42.00 price target on shares of Barrick Gold in a report on Wednesday, February 10th. Finally, National Bank Financial upgraded shares of Barrick Gold from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from C$43.00 to C$40.00 in a report on Sunday, January 17th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$39.33.

Shares of TSE ABX opened at C$27.56 on Wednesday. The stock has a market cap of C$49.01 billion and a P/E ratio of 16.83. The firm has a 50 day moving average price of C$25.44 and a 200 day moving average price of C$30.03. The company has a debt-to-equity ratio of 16.92, a quick ratio of 2.68 and a current ratio of 3.67. Barrick Gold has a 52-week low of C$23.63 and a 52-week high of C$41.09.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, February 26th. Barrick Gold’s dividend payout ratio is presently 18.93%.

In other Barrick Gold news, Director John Lawson Thornton acquired 100,000 shares of the business’s stock in a transaction dated Thursday, February 25th. The shares were acquired at an average price of C$26.26 per share, with a total value of C$2,625,955.20. Following the completion of the transaction, the director now directly owns 1,775,451 shares in the company, valued at approximately C$46,622,547.86.

Barrick Gold 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 (TSE:ABX)

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