Brokers Offer Predictions for Barrick Gold Q4 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Raymond James reduced their Q4 2024 earnings per share estimates for Barrick Gold in a report issued on Sunday, November 10th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.62 per share for the quarter, down from their prior forecast of $0.63. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold’s Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $2.39 EPS.

A number of other analysts have also recently commented on the company. Canaccord Genuity Group lifted their target price on Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. Sanford C. Bernstein cut their price target on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of Barrick Gold from C$28.50 to C$33.50 in a research report on Monday, October 21st. Finally, TD Securities reissued a “buy” rating and set a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$31.14.

Barrick Gold Price Performance

Shares of ABX opened at C$23.53 on Wednesday. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The stock has a market cap of C$41.18 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The firm has a fifty day moving average price of C$27.13 and a 200 day moving average price of C$25.08.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.08. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. The business had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.12 billion.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold’s payout ratio is 45.38%.

Insider Buying and Selling

In other news, Director Christopher Lewis Coleman sold 121,334 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. In other news, Senior Officer Joel James Holliday sold 20,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total value of C$547,298.10. Also, Director Christopher Lewis Coleman sold 121,334 shares of Barrick Gold stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total value of C$3,409,485.40. 0.60% of the stock is currently owned by corporate insiders.

About Barrick Gold

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.