National Bank Financial Forecasts Barrick Gold Q1 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Investment analysts at National Bank Financial issued their Q1 2025 EPS estimates for shares of Barrick Gold in a report issued on Tuesday, April 22nd. National Bank Financial analyst S. Nagle anticipates that the gold and copper producer will earn $0.28 per share for the quarter. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. National Bank Financial also issued estimates for Barrick Gold’s FY2025 earnings at $1.69 EPS.

Several other research analysts also recently weighed in on GOLD. National Bankshares restated an “outperform” rating on shares of Barrick Gold in a research note on Wednesday, April 2nd. BMO Capital Markets initiated coverage on shares of Barrick Gold in a research note on Wednesday, April 16th. They issued a “market perform” rating for the company. Royal Bank of Canada increased their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Citigroup dropped their target price on shares of Barrick Gold from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. Finally, Bank of America downgraded Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $21.00 to $18.00 in a research note on Monday, January 27th. Seven research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.05.

Barrick Gold Stock Up 1.9 %

Shares of NYSE:GOLD opened at $19.42 on Thursday. Barrick Gold has a 1 year low of $15.11 and a 1 year high of $21.35. The stock has a 50-day simple moving average of $18.93 and a 200-day simple moving average of $17.93. 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 market capitalization of $33.39 billion, a P/E ratio of 15.79, a PEG ratio of 0.44 and a beta of 0.55.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%.

Barrick Gold Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.06%. Barrick Gold’s dividend payout ratio (DPR) is 32.52%.

Barrick Gold announced that its board has authorized a share buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Barrick Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOLD. Van ECK Associates Corp boosted its holdings in shares of Barrick Gold by 2.1% in the fourth quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer’s stock worth $1,182,641,000 after buying an additional 1,563,361 shares during the period. Vanguard Group Inc. grew its position in Barrick Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer’s stock worth $1,060,036,000 after purchasing an additional 1,195,585 shares in the last quarter. Wellington Management Group LLP raised its stake in Barrick Gold by 17.5% during the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer’s stock valued at $996,802,000 after purchasing an additional 9,598,292 shares during the period. Capital International Investors lifted its holdings in shares of Barrick Gold by 136.1% in the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer’s stock valued at $516,055,000 after purchasing an additional 19,189,830 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Barrick Gold by 1.9% in the fourth quarter. Mackenzie Financial Corp now owns 15,318,376 shares of the gold and copper producer’s stock worth $237,280,000 after buying an additional 278,292 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

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.