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PFE   51.48 (-5.14%)
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BA   205.88 (+3.72%)
QQQ   386.20 (+0.80%)
AAPL   165.32 (+2.15%)
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BABA   123.60 (+10.40%)
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Q1 2022 EPS Estimates for Barrick Gold Corp Decreased by Analyst (NYSE:GOLD)

Thursday, November 25, 2021 | MarketBeat

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) - Equities research analysts at Raymond James lowered their Q1 2022 earnings per share estimates for Barrick Gold in a report released on Tuesday, November 23rd. Raymond James analyst B. Macarthur now anticipates that the gold and copper producer will post earnings per share of $0.22 for the quarter, down from their prior estimate of $0.24. Raymond James currently has a "Outperform" rating and a $27.00 price target on the stock. Raymond James also issued estimates for Barrick Gold's Q2 2022 earnings at $0.22 EPS. Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Wednesday, November 3rd. The gold and copper producer reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. Barrick Gold had a return on equity of 6.42% and a net margin of 16.57%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business earned $0.41 earnings per share. The firm's revenue for the quarter was down 20.2% on a year-over-year basis.

Several other research analysts have also recently issued reports on GOLD. Stifel Nicolaus dropped their price objective on Barrick Gold from C$42.00 to C$41.00 and set a "buy" rating on the stock in a research note on Monday, November 8th. TD Securities lowered their target price on Barrick Gold from $27.00 to $26.00 and set an "action list buy" rating for the company in a report on Tuesday, November 9th. Canaccord Genuity lowered their target price on Barrick Gold from C$32.00 to C$31.00 and set a "buy" rating for the company in a report on Wednesday, November 17th. National Bankshares lowered their target price on Barrick Gold from C$37.00 to C$36.00 and set an "outperform" rating for the company in a report on Friday, September 10th. Finally, National Bank Financial lowered Barrick Gold from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $28.00 to $19.00 in a report on Thursday, October 14th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $31.73.

Shares of NYSE GOLD opened at $19.39 on Thursday. The business's 50 day moving average is $19.09 and its two-hundred day moving average is $20.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.05 and a quick ratio of 3.13. Barrick Gold has a 1-year low of $17.56 and a 1-year high of $25.37. The stock has a market capitalization of $34.48 billion, a P/E ratio of 17.31, a PEG ratio of 8.84 and a beta of 0.32.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Tuesday, November 30th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, November 29th. Barrick Gold's payout ratio is 32.14%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC increased its position in shares of Barrick Gold by 820.3% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 1,408 shares of the gold and copper producer's stock valued at $25,000 after acquiring an additional 1,255 shares during the period. Herold Advisors Inc. acquired a new position in shares of Barrick Gold in the 3rd quarter valued at $26,000. Total Clarity Wealth Management Inc. acquired a new stake in Barrick Gold during the 3rd quarter worth about $34,000. Koshinski Asset Management Inc. acquired a new stake in Barrick Gold during the 3rd quarter worth about $35,000. Finally, BerganKDV Wealth Management LLC grew its position in Barrick Gold by 1,025.3% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 1,823 shares of the gold and copper producer's stock worth $38,000 after purchasing an additional 1,661 shares during the period. 54.61% of the stock is currently owned by hedge funds and other institutional investors.

About Barrick Gold

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

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Earnings History and Estimates for Barrick Gold (NYSE:GOLD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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