Analysts Offer Predictions for Barrick Gold FY2025 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Stock analysts at Stifel Canada issued their FY2025 earnings per share estimates for Barrick Gold in a research note issued to investors on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the gold and copper producer will post earnings of $1.41 per share for the year. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $1.55 EPS and FY2027 earnings at $1.33 EPS.

A number of other research analysts have also recently issued reports on GOLD. UBS Group upgraded Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, March 5th. Bank of America cut Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $21.00 to $18.00 in a research note on Monday, January 27th. Scotiabank lifted their price objective on Barrick Gold from $19.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 18th. CIBC cut Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Finally, Citigroup lowered their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of $23.75.

Barrick Gold Stock Down 2.2 %

Shares of NYSE:GOLD opened at $18.86 on Friday. The stock has a fifty day simple moving average of $17.50 and a two-hundred day simple moving average of $18.04. The stock has a market capitalization of $32.54 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.44 and a beta of 0.58. Barrick Gold has a 12-month low of $0.25 and a 12-month high of $21.35. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.

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

Institutional Trading of Barrick Gold

Several large investors have recently modified their holdings of GOLD. Capital International Investors grew its holdings in shares of Barrick Gold by 136.1% in the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer’s stock worth $516,055,000 after acquiring an additional 19,189,830 shares during the period. Causeway Capital Management LLC bought a new stake in shares of Barrick Gold in the fourth quarter worth $172,225,000. Wellington Management Group LLP grew its holdings in shares of Barrick Gold by 17.5% in the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer’s stock worth $996,802,000 after acquiring an additional 9,598,292 shares during the period. FIL Ltd grew its holdings in shares of Barrick Gold by 236.7% in the fourth quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer’s stock worth $105,692,000 after acquiring an additional 4,791,663 shares during the period. Finally, Capital International Inc. CA bought a new stake in shares of Barrick Gold in the fourth quarter worth $57,991,000. Institutional investors own 62.85% of the company’s stock.

Barrick Gold announced that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Barrick Gold Announces Dividend

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

Barrick Gold Company Profile

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.