Q2 2022 EPS Estimates for Barrick Gold Co. (TSE:ABX) Boosted by KeyCorp

Barrick Gold Co. (TSE:ABXGet Rating) (NYSE:ABX) – Analysts at KeyCorp raised their Q2 2022 EPS estimates for shares of Barrick Gold in a research report issued to clients and 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 estimate 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.

A number of other research firms also recently weighed in on ABX. Royal Bank of Canada set a C$23.00 price target on Barrick Gold and gave the stock an “outperform” rating in a research note on Tuesday, February 15th. Raymond James upped their price target on Barrick Gold from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Friday, February 11th. Eight Capital upped their price target on Barrick Gold from C$34.00 to C$40.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. Fundamental Research reissued a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research note on Tuesday. Finally, National Bankshares lowered their price objective on Barrick Gold from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a research note on Friday. 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 company has an average rating of “Buy” and an average price target of C$32.00.

ABX stock opened at C$26.39 on Thursday. The stock’s 50 day simple moving average is C$30.20 and its 200 day simple moving average is 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 company has a debt-to-equity ratio of 16.94, a quick ratio of 2.98 and a current ratio of 3.95. The company has a market cap of C$46.96 billion and a P/E ratio of 18.23.

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

The firm also recently announced a None dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, May 27th will be issued a $0.257 dividend. This represents a dividend yield of 2.71%. The ex-dividend date is Thursday, May 26th. Barrick Gold’s dividend payout ratio is presently 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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Earnings History and Estimates for Barrick Gold (TSE:ABX)

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