Stifel Canada Predicts Barrick Gold FY2025 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Research analysts at Stifel Canada issued their FY2025 EPS estimates for shares of Barrick Gold in a research report issued to clients and investors on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the gold and copper producer will post earnings per share of $1.41 for the year. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $1.55 EPS and FY2027 earnings at $1.33 EPS.

Other equities research analysts have also issued research reports about the stock. UBS Group raised shares of Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, March 5th. TD Securities cut their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Raymond James cut their price target on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Scotiabank boosted their price target on shares of Barrick Gold from $19.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 18th. Finally, Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Barrick Gold Price Performance

NYSE:GOLD opened at $19.28 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. The firm has a market cap of $33.26 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. The company has a 50 day moving average price of $17.44 and a 200-day moving average price of $18.06. Barrick Gold has a 1-year low of $0.25 and a 1-year high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%.

Institutional Trading of Barrick Gold

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

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.08%. Barrick Gold’s dividend payout ratio (DPR) is presently 32.52%.

Barrick Gold announced that its board has authorized a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the gold and copper producer to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management 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.