FY2025 EPS Estimates for Barrick Gold Decreased by Analyst

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Scotiabank decreased their FY2025 earnings estimates for Barrick Gold in a report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the gold and copper producer will post earnings per share of $1.00 for the year, down from their prior forecast of $1.50. Scotiabank currently has a “Sector Perform” rating and a $20.00 price target on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Scotiabank also issued estimates for Barrick Gold’s FY2026 earnings at $1.05 EPS.

A number of other research analysts have also recently weighed in on the stock. UBS Group upgraded shares of Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, March 5th. TD Securities decreased their price objective on Barrick Gold from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Berenberg Bank raised their target price on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Raymond James lowered their price target on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Barrick Gold Stock Up 0.2 %

Shares of NYSE:GOLD opened at $18.91 on Monday. The company has a market capitalization of $32.62 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. The business has a fifty day moving average price of $17.57 and a two-hundred day moving average price of $18.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. Barrick Gold has a 1 year low of $0.25 and a 1 year high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%.

Barrick Gold announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is currently 32.52%.

Institutional Trading of Barrick Gold

Hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC lifted its stake in Barrick Gold by 128.7% during the third quarter. Natixis Advisors LLC now owns 174,304 shares of the gold and copper producer’s stock worth $3,467,000 after purchasing an additional 98,086 shares during the last quarter. Avior Wealth Management LLC lifted its position in Barrick Gold by 24.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,399 shares of the gold and copper producer’s stock worth $68,000 after buying an additional 659 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Barrick Gold by 2.0% in the third quarter. Advisors Asset Management Inc. now owns 57,896 shares of the gold and copper producer’s stock worth $1,152,000 after buying an additional 1,159 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Barrick Gold by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,945,514 shares of the gold and copper producer’s stock valued at $98,469,000 after acquiring an additional 244,057 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Barrick Gold by 22.0% during the third quarter. Raymond James Trust N.A. now owns 21,699 shares of the gold and copper producer’s stock worth $432,000 after acquiring an additional 3,917 shares in the last quarter. 62.85% of the stock is owned by 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.