What is Cormark’s Estimate for Barrick Gold FY2025 Earnings?

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Investment analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for Barrick Gold in a report released on Wednesday, January 15th. Cormark analyst R. Gray now anticipates that the gold and copper producer will earn $1.37 per share for the year, down from their previous forecast of $1.81. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share. Cormark also issued estimates for Barrick Gold’s FY2026 earnings at $1.24 EPS.

Several other brokerages have also recently commented on GOLD. Berenberg Bank increased their price target on Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. TD Securities lowered their target price on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. UBS Group downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Citigroup dropped their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.82.

Barrick Gold Stock Up 1.6 %

Shares of GOLD stock opened at $16.00 on Monday. The firm’s fifty day moving average price is $16.52 and its two-hundred day moving average price is $18.37. Barrick Gold has a 1 year low of $13.76 and a 1 year high of $21.35. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $27.85 billion, a P/E ratio of 17.20, a PEG ratio of 0.28 and a beta of 0.54.

Barrick Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Barrick Gold’s dividend payout ratio is presently 43.01%.

Institutional Trading of Barrick Gold

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in Barrick Gold by 2.7% in the third quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer’s stock worth $1,088,484,000 after purchasing an additional 1,458,084 shares during the period. EdgePoint Investment Group Inc. grew its position in Barrick Gold by 3.7% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 18,837,028 shares of the gold and copper producer’s stock worth $314,254,000 after purchasing an additional 666,214 shares during the period. The Manufacturers Life Insurance Company increased its position in Barrick Gold by 33.3% during the third quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer’s stock valued at $227,524,000 after acquiring an additional 2,854,055 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Barrick Gold by 221.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer’s stock worth $199,427,000 after acquiring an additional 6,904,934 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Barrick Gold by 9.5% during the third quarter. Geode Capital Management LLC now owns 8,047,255 shares of the gold and copper producer’s stock valued at $162,140,000 after purchasing an additional 696,556 shares during the period. 62.85% 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.