Cormark Comments on Barrick Gold Corp’s FY2025 Earnings (NYSE:GOLD)

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

Several other brokerages have also recently issued reports on GOLD. Jefferies Financial Group began coverage on Barrick Gold in a research report on Thursday, February 29th. They issued a “buy” rating and a $21.00 price target on the stock. National Bank Financial restated a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. Sanford C. Bernstein cut Barrick Gold from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. StockNews.com upgraded Barrick Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, BMO Capital Markets dropped their price target on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.48.

Barrick Gold Stock Up 0.6 %

GOLD opened at $17.09 on Friday. The business’s 50-day simple moving average is $15.91 and its 200-day simple moving average is $16.23. 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 has a one year low of $13.76 and a one year high of $20.75. The stock has a market capitalization of $30.00 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.54 and a beta of 0.58.

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

Institutional Investors Weigh In On Barrick Gold

Several institutional investors have recently modified their holdings of GOLD. Fairfield Bush & CO. purchased a new stake in shares of Barrick Gold during the 1st quarter worth approximately $42,000. Acadian Asset Management LLC purchased a new stake in shares of Barrick Gold during the 1st quarter worth approximately $647,000. Blair William & Co. IL boosted its stake in shares of Barrick Gold by 288.8% during the 1st quarter. Blair William & Co. IL now owns 90,896 shares of the gold and copper producer’s stock worth $2,230,000 after acquiring an additional 67,516 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Barrick Gold by 97.2% during the 1st quarter. Sei Investments Co. now owns 230,278 shares of the gold and copper producer’s stock worth $5,651,000 after acquiring an additional 113,486 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Barrick Gold by 17.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,007,571 shares of the gold and copper producer’s stock worth $24,620,000 after acquiring an additional 151,763 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.074 per share. This represents a $0.30 annualized dividend and a yield of 1.73%. The ex-dividend date was Wednesday, February 28th. Barrick Gold’s payout ratio is 55.56%.

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.