Barrick Gold FY2025 EPS Estimate Increased by Stifel Canada

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Investment analysts at Stifel Canada upped their FY2025 earnings per share estimates for shares of Barrick Gold in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the gold and copper producer will earn $2.29 per share for the year, up from their previous estimate of $1.82. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $2.09 EPS.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year.

GOLD has been the subject of several other reports. Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, August 29th. CIBC lifted their price objective on Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. UBS Group upped their price target on shares of Barrick Gold from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Raymond James decreased their price objective on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. Finally, Scotiabank lifted their price target on shares of Barrick Gold from $23.00 to $25.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.60.

Barrick Gold Stock Performance

GOLD stock opened at $20.32 on Thursday. The stock has a market capitalization of $35.62 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 0.47 and a beta of 0.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.31 and a current ratio of 3.01. Barrick Gold has a 1 year low of $13.76 and a 1 year high of $21.35. The stock’s fifty day moving average is $20.16 and its two-hundred day moving average is $18.30.

Hedge Funds Weigh In On Barrick Gold

Several large investors have recently modified their holdings of GOLD. Vanguard Group Inc. raised its holdings in shares of Barrick Gold by 1.7% in the first quarter. Vanguard Group Inc. now owns 64,761,067 shares of the gold and copper producer’s stock valued at $1,077,624,000 after acquiring an additional 1,089,572 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Barrick Gold by 31.6% in the first quarter. First Eagle Investment Management LLC now owns 58,820,050 shares of the gold and copper producer’s stock worth $978,766,000 after buying an additional 14,138,639 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Barrick Gold by 3.7% in the second quarter. EdgePoint Investment Group Inc. now owns 18,837,028 shares of the gold and copper producer’s stock valued at $314,254,000 after purchasing an additional 666,214 shares during the period. National Bank of Canada FI increased its stake in shares of Barrick Gold by 9.0% in the first quarter. National Bank of Canada FI now owns 14,887,656 shares of the gold and copper producer’s stock worth $251,929,000 after acquiring an additional 1,231,184 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Barrick Gold by 3.3% in the second quarter. CIBC Asset Management Inc now owns 14,546,530 shares of the gold and copper producer’s stock worth $242,491,000 after buying an additional 461,406 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.97%. Barrick Gold’s dividend payout ratio is currently 48.78%.

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.