Q4 EPS Estimates for Barrick Gold Decreased by Stifel Canada

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Equities research analysts at Stifel Canada cut their Q4 2024 EPS estimates for Barrick Gold in a report released on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the gold and copper producer will earn $0.41 per share for the quarter, down from their prior estimate of $0.53. The consensus estimate for Barrick Gold’s current full-year earnings is $1.25 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $1.55 EPS.

Several other equities analysts have also issued reports on the company. Berenberg Bank boosted their price target on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Bank of America lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and cut their target price for the stock from $21.00 to $18.00 in a research note on Monday, January 27th. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. TD Securities decreased their target price on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

Barrick Gold Stock Up 2.7 %

Shares of NYSE:GOLD opened at $17.13 on Thursday. Barrick Gold has a 1 year low of $13.76 and a 1 year high of $21.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The business’s 50-day moving average is $16.21 and its 200-day moving average is $18.20. The company has a market capitalization of $29.59 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.36 and a beta of 0.55.

Institutional Investors Weigh In On Barrick Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in shares of Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after buying an additional 80,366 shares during the last quarter. Mizuho Markets Americas LLC lifted its holdings in Barrick Gold by 21.7% during the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock worth $46,097,000 after acquiring an additional 413,012 shares during the period. Entropy Technologies LP purchased a new position in Barrick Gold in the third quarter worth $3,711,000. Aigen Investment Management LP grew its stake in Barrick Gold by 330.5% in the 3rd quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock valued at $1,974,000 after purchasing an additional 76,186 shares during the period. Finally, Crocodile Capital Partners GmbH increased its position in shares of Barrick Gold by 97.3% during the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer’s stock valued at $22,630,000 after purchasing an additional 720,000 shares during the last quarter. 62.85% of the stock is owned by hedge funds and other institutional investors.

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.