FY2025 EPS Estimates for Barrick Gold Co. (TSE:ABX) Lifted by Cormark

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Cormark raised their FY2025 earnings estimates for shares of Barrick Gold in a research note issued on Wednesday, April 17th. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $1.15 per share for the year, up from their previous forecast of $1.09. The consensus estimate for Barrick Gold’s current full-year earnings is $1.20 per share.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.09. The company had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%.

Several other equities research analysts have also recently issued reports on the stock. National Bankshares lowered their target price on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Friday. Raymond James lowered their price target on shares of Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. Veritas Investment Research boosted their price target on shares of Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Sanford C. Bernstein upped their target price on shares of Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, CIBC reiterated an “outperform” rating and set a C$31.00 price target on shares of Barrick Gold in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$28.60.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$23.53 on Friday. Barrick Gold has a one year low of C$18.65 and a one year high of C$28.19. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. The firm has a fifty day moving average of C$21.59 and a 200 day moving average of C$21.99. The firm has a market cap of C$41.41 billion, a PE ratio of 23.77, a PEG ratio of 1.94 and a beta of 0.46.

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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. Barrick Gold’s payout ratio is 54.55%.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.