Q3 EPS Estimates for Barrick Gold Boosted by Raymond James

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Stock analysts at Raymond James raised their Q3 2025 EPS estimates for shares of Barrick Gold in a research report issued to clients and investors on Wednesday, May 7th. Raymond James analyst B. Macarthur now expects that the gold and copper producer will post earnings per share of $0.54 for the quarter, up from their previous forecast of $0.53. Raymond James has a “Outperform” rating and a $23.50 price objective on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Raymond James also issued estimates for Barrick Gold’s FY2025 earnings at $2.01 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $0.57 EPS, Q3 2026 earnings at $0.60 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $2.34 EPS.

GOLD has been the topic of a number of other reports. National Bank Financial raised Barrick Gold to a “hold” rating in a research report on Friday, March 21st. BMO Capital Markets started coverage on shares of Barrick Gold in a research report on Wednesday, April 16th. They set a “market perform” rating for the company. Bank of America lowered Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $21.00 to $18.00 in a report on Monday, January 27th. UBS Group boosted their target price on Barrick Gold from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Finally, National Bankshares reissued an “outperform” rating on shares of Barrick Gold in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus price target of $24.05.

Barrick Gold Stock Performance

Shares of GOLD stock opened at $18.83 on Friday. The firm has a market capitalization of $32.37 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.44 and a beta of 0.25. The stock has a fifty day moving average of $19.09 and a 200 day moving average of $17.83. Barrick Gold has a 52 week low of $15.11 and a 52 week high of $21.35. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS.

Institutional Investors Weigh In On Barrick Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. acquired a new position in Barrick Gold in the fourth quarter valued at about $26,000. Vega Investment Solutions acquired a new stake in Barrick Gold in the 4th quarter valued at approximately $31,000. Nexus Investment Management ULC purchased a new stake in Barrick Gold in the first quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC acquired a new position in Barrick Gold during the first quarter worth $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Barrick Gold during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, May 30th. Barrick Gold’s payout ratio is currently 32.52%.

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

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.