Analysts Issue Forecasts for Barrick Gold Corp’s FY2025 Earnings (NYSE:GOLD)

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Equities research analysts at Cormark upped their FY2025 earnings per share (EPS) estimates for Barrick Gold in a research note issued on Wednesday, April 17th. Cormark analyst R. Gray now expects that the gold and copper producer will earn $0.83 per share for the year, up from their previous estimate of $0.81. The consensus estimate for Barrick Gold’s current full-year earnings is $0.90 per share.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings data on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 4.64%. During the same quarter last year, the business posted $0.13 EPS.

Several other brokerages have also recently weighed in on GOLD. StockNews.com upgraded Barrick Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. TD Securities cut their target price on shares of Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Raymond James reduced their price target on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, BMO Capital Markets dropped their price objective on shares of Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and an average target price of $21.48.

Barrick Gold Stock Up 1.7 %

Shares of NYSE GOLD opened at $16.98 on Friday. Barrick Gold has a 52-week low of $13.76 and a 52-week high of $20.75. The firm has a market capitalization of $29.81 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.54 and a beta of 0.58. The stock has a 50 day moving average price of $15.86 and a 200 day moving average price of $16.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 3.16.

Barrick Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.074 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Wednesday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is 55.56%.

Institutional Investors Weigh In On Barrick Gold

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Barrick Gold by 58.4% during the 4th quarter. Wellington Management Group LLP now owns 100,680,644 shares of the gold and copper producer’s stock valued at $1,821,963,000 after acquiring an additional 37,128,653 shares during the period. Snider Financial Group purchased a new position in shares of Barrick Gold during the first quarter worth $185,000. Van ECK Associates Corp lifted its position in Barrick Gold by 9.7% during the fourth quarter. Van ECK Associates Corp now owns 80,933,517 shares of the gold and copper producer’s stock valued at $1,464,070,000 after purchasing an additional 7,150,142 shares during the period. Capital World Investors boosted its holdings in Barrick Gold by 16.4% in the fourth quarter. Capital World Investors now owns 45,479,229 shares of the gold and copper producer’s stock valued at $821,790,000 after purchasing an additional 6,417,244 shares during the last quarter. Finally, Ruffer LLP grew its position in Barrick Gold by 198.3% during the 4th quarter. Ruffer LLP now owns 9,606,218 shares of the gold and copper producer’s stock worth $173,727,000 after purchasing an additional 6,385,566 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

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.