FY2025 EPS Estimates for Barrick Gold Boosted by Analyst

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Stifel Canada upped their FY2025 earnings estimates for Barrick Gold in a research report issued to clients and investors on Monday, April 21st. Stifel Canada analyst R. Profiti now expects that the gold and copper producer will post earnings of $1.55 per share for the year, up from their prior estimate of $1.41. Stifel Canada currently 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 $2.23 EPS.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank upped their price objective on shares of Barrick Gold from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. StockNews.com raised Barrick Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 5th. Citigroup dropped their target price on Barrick Gold from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. Royal Bank of Canada boosted their price target on Barrick Gold from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Finally, BMO Capital Markets initiated coverage on shares of Barrick Gold in a research report on Wednesday, April 16th. They set a “market perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.05.

Barrick Gold Price Performance

Barrick Gold stock opened at $19.07 on Wednesday. Barrick Gold has a 52 week low of $15.11 and a 52 week high of $21.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The stock has a fifty day moving average of $18.90 and a 200-day moving average of $17.94. The stock has a market capitalization of $32.79 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS 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

Several hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Barrick Gold by 19.9% during the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock valued at $9,630,000 after buying an additional 80,366 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Barrick Gold by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer’s stock worth $78,637,000 after purchasing an additional 128,203 shares during the last quarter. Crocodile Capital Partners GmbH raised its stake 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 worth $22,630,000 after purchasing an additional 720,000 shares during the period. Legend Financial Advisors Inc. purchased a new stake in Barrick Gold during the fourth quarter worth about $700,000. Finally, Gateway Investment Advisers LLC raised its position in Barrick Gold by 6.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 278,717 shares of the gold and copper producer’s stock worth $4,320,000 after acquiring an additional 17,980 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold announced that its Board of Directors has authorized a stock repurchase program 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 reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given 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 dividend yield of 2.10%. Barrick Gold’s dividend payout ratio (DPR) is presently 32.52%.

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.