Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Equities research analysts at Jefferies Financial Group dropped their FY2022 EPS estimates for Barrick Gold in a report issued on Monday, August 12th. Jefferies Financial Group analyst C. Lafemina now expects that the basic materials company will earn $0.88 per share for the year, down from their prior forecast of $0.90.
ABX has been the subject of a number of other reports. Canaccord Genuity increased their target price on shares of Barrick Gold from C$19.50 to C$21.00 in a report on Friday, July 19th. BMO Capital Markets reiterated an “outperform” rating and set a C$20.00 target price on shares of Barrick Gold in a report on Thursday, July 4th. Finally, Eight Capital increased their target price on shares of Barrick Gold from C$20.00 to C$28.00 in a report on Thursday, August 8th.
Barrick Gold stock opened at C$24.49 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 1.28 and a debt-to-equity ratio of 31.73. The firm has a 50-day moving average of C$22.13 and a 200-day moving average of C$18.73. The firm has a market cap of $42.50 billion and a P/E ratio of -20.09. Barrick Gold has a 1-year low of C$12.54 and a 1-year high of C$24.67.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.053 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.87%. Barrick Gold’s dividend payout ratio is currently -13.95%.
Several institutional investors have recently bought and sold shares of ABX. BlackRock Inc. boosted its holdings in shares of Barrick Gold by 1,166.6% during the first quarter. BlackRock Inc. now owns 68,699,968 shares of the basic materials company’s stock worth $941,876,000 after purchasing an additional 63,276,124 shares during the period. FIL Ltd lifted its holdings in Barrick Gold by 62.6% in the first quarter. FIL Ltd now owns 33,176,656 shares of the basic materials company’s stock worth $454,822,000 after buying an additional 12,772,192 shares during the period. Boston Partners purchased a new stake in Barrick Gold in the first quarter worth about $161,193,000. First Eagle Investment Management LLC lifted its holdings in Barrick Gold by 18.1% in the first quarter. First Eagle Investment Management LLC now owns 47,941,237 shares of the basic materials company’s stock worth $657,274,000 after buying an additional 7,356,630 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in Barrick Gold by 76.1% in the first quarter. TD Asset Management Inc. now owns 15,675,962 shares of the basic materials company’s stock worth $214,965,000 after buying an additional 6,774,978 shares during the period.
Barrick Gold Company Profile
Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia.
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