Barrick Gold Co. to Post Q1 2021 Earnings of $0.30 Per Share, Cormark Forecasts (TSE:ABX)

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Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Stock analysts at Cormark decreased their Q1 2021 earnings estimates for Barrick Gold in a research report issued to clients and investors on Friday, April 16th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.35. Cormark also issued estimates for Barrick Gold’s Q2 2021 earnings at $0.33 EPS, Q3 2021 earnings at $0.38 EPS and Q4 2021 earnings at $0.38 EPS.

A number of other equities research analysts have also recently commented on ABX. National Bank Financial raised shares of Barrick Gold from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from C$43.00 to C$40.00 in a report on Sunday, January 17th. TD Securities reiterated an “action list buy” rating and issued a C$30.00 target price on shares of Barrick Gold in a research note on Wednesday, March 3rd. Raymond James restated an “outperform” rating and set a C$36.00 price target on shares of Barrick Gold in a research note on Friday, April 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a C$42.00 price objective on shares of Barrick Gold in a research report on Wednesday, February 10th. Finally, Canaccord Genuity restated a “sector perform” rating and issued a C$40.00 target price (down previously from C$42.00) on shares of Barrick Gold in a research note on Tuesday, February 9th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$38.00.

ABX stock opened at C$28.24 on Monday. The company has a market cap of C$50.22 billion and a price-to-earnings ratio of 17.27. The company has a fifty day moving average price of C$25.79 and a 200 day moving average price of C$29.79. The company has a debt-to-equity ratio of 16.92, a current ratio of 3.67 and a quick ratio of 2.68. Barrick Gold has a 12 month low of C$23.63 and a 12 month high of C$41.09.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released 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 firm had revenue of C$4.27 billion for the quarter, compared to analyst estimates of C$4.10 billion.

In related news, Director John Lawson Thornton bought 100,000 shares of the firm’s stock in a transaction on Thursday, February 25th. The shares were bought at an average cost of C$26.26 per share, for a total transaction of C$2,625,955.20. Following the transaction, the director now owns 1,775,451 shares of the company’s stock, valued at C$46,622,547.86.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, February 26th. Barrick Gold’s payout ratio is 18.96%.

About Barrick Gold

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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