FY2025 EPS Estimates for Barrick Gold Reduced by Analyst

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Stock analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Barrick Gold in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the gold and copper producer will earn $1.00 per share for the year, down from their previous forecast of $1.50. Scotiabank 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 firms have also recently issued reports on GOLD. Bank of America cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $21.00 to $18.00 in a research report on Monday, January 27th. Citigroup reduced their price target on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Stifel Canada upgraded Barrick Gold to a “strong-buy” rating in a report on Wednesday, March 19th. UBS Group raised 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. Finally, CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

Barrick Gold Trading Up 0.2 %

NYSE:GOLD opened at $18.91 on Monday. The firm has a market capitalization of $32.62 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.44 and a beta of 0.58. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $17.57 and a 200 day moving average of $18.03. Barrick Gold has a 52 week low of $0.25 and a 52 week high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates 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

Hedge funds and other institutional investors have recently modified their holdings of the business. Crowley Wealth Management Inc. bought a new stake in Barrick Gold during the fourth quarter worth about $26,000. Vega Investment Solutions bought a new position in shares of Barrick Gold during the fourth quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Barrick Gold during the fourth quarter valued at approximately $37,000. Ameriflex Group Inc. bought a new stake in shares of Barrick Gold in the 4th quarter worth approximately $39,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Barrick Gold by 619.7% in the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer’s stock worth $48,000 after buying an additional 2,646 shares during the last quarter. 62.85% of the stock is owned by hedge funds and other institutional investors.

Barrick Gold Dividend Announcement

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

Barrick Gold declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.