Barrick Gold Co. (TSE:ABX) Forecasted to Post Q2 2022 Earnings of $0.39 Per Share

Barrick Gold Co. (TSE:ABX – Get Rating) (NYSE:ABX) – Research analysts at KeyCorp raised their Q2 2022 EPS estimates for Barrick Gold in a note issued to investors on Tuesday, May 10th. KeyCorp analyst A. Josephson now forecasts that the basic materials company will post earnings of $0.39 per share for the quarter, up from their prior forecast of $0.35. KeyCorp also issued estimates for Barrick Gold’s Q3 2022 earnings at $0.42 EPS, Q4 2022 earnings at $0.42 EPS, FY2022 earnings at $1.56 EPS and FY2023 earnings at $1.55 EPS.

Barrick Gold (TSE:ABX – Get Rating) (NYSE:ABX) last released its quarterly earnings results on Wednesday, February 16th. The basic materials company reported C$0.44 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.07. The business had revenue of C$4.17 billion for the quarter, compared to analyst estimates of C$4.35 billion.

ABX has been the subject of a number of other reports. National Bankshares dropped their price target on Barrick Gold from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a report on Friday. National Bank Financial dropped their price target on Barrick Gold to C$29.00 and set a “sector perform” rating for the company in a report on Wednesday, February 23rd. Raymond James increased their price objective on Barrick Gold from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, February 11th. Eight Capital increased their price objective on Barrick Gold from C$34.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Finally, Royal Bank of Canada set a C$23.00 price objective on Barrick Gold and gave the company an “outperform” rating in a research report on Tuesday, February 15th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$32.00.

ABX stock opened at C$26.39 on Thursday. The business has a fifty day moving average price of C$30.20 and a 200 day moving average price of C$26.78. Barrick Gold has a fifty-two week low of C$22.30 and a fifty-two week high of C$33.50. The stock has a market capitalization of C$46.96 billion and a price-to-earnings ratio of 18.23. The company has a debt-to-equity ratio of 16.94, a current ratio of 3.95 and a quick ratio of 2.98.

The business also recently declared a None dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, May 27th will be given a $0.257 dividend. The ex-dividend date is Thursday, May 26th. This represents a dividend yield of 2.71%. Barrick Gold’s dividend payout ratio is currently 25.55%.

About Barrick Gold (Get Rating)

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, Dominican Republic, Mali, Tanzania, and the United States.

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