What is Cormark’s Forecast for Barrick Gold Q1 Earnings?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Cormark issued their Q1 2025 earnings per share (EPS) estimates for Barrick Gold in a research report issued to clients and investors on Wednesday, January 15th. Cormark analyst R. Gray expects that the basic materials company will post earnings per share of $0.49 for the quarter. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold’s FY2025 earnings at $1.97 EPS and FY2026 earnings at $1.79 EPS.

Other analysts have also issued reports about the company. Stifel Nicolaus cut their price objective on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein reduced their target price on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. TD Securities reaffirmed a “buy” rating and set a C$34.00 target price on shares of Barrick Gold in a research report on Wednesday, October 16th. Finally, TD Cowen reaffirmed a “buy” rating and set a C$36.00 target price on shares of Barrick Gold in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Price Performance

Shares of TSE:ABX opened at C$22.90 on Monday. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The business has a fifty day simple moving average of C$23.46 and a 200 day simple moving average of C$25.21. The firm has a market cap of C$40.08 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.34 and a beta of 0.48.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.03). Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. During the same period in the previous year, the business earned $0.32 EPS.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.135 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 2.36%. Barrick Gold’s dividend payout ratio is 45.38%.

Insider Activity

In related news, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. Also, Director Dennis Mark Bristow bought 85,296 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is owned by company insiders.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.