Stifel Canada Predicts Stronger Earnings for Barrick Gold

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at Stifel Canada upped their FY2025 EPS estimates for Barrick Gold in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the basic materials company will earn $3.16 per share for the year, up from their previous forecast of $2.49. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $2.88 EPS.

A number of other research analysts have also weighed in on the company. Canaccord Genuity Group lifted their target price on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. Eight Capital upped their target price on shares of Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. TD Securities reaffirmed a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their price objective on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$30.77.

Barrick Gold Stock Performance

The company has a fifty day moving average of C$27.28 and a two-hundred day moving average of C$24.91. The stock has a market capitalization of C$47.71 billion, a PE ratio of 22.90, a PEG ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$29.50.

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

Barrick Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.138 per share. The ex-dividend date was Friday, August 30th. This represents a $0.55 annualized dividend and a yield of ?. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. Barrick Gold’s payout ratio is 45.38%.

Insider Activity

In other news, Director Andrew James Quinn bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of C$26.00 per share, for a total transaction of C$129,999.00. In other Barrick Gold news, Director Andrew James Quinn bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of C$26.00 per share, for a total transaction of C$129,999.00. Also, Senior Officer Riaan Grobler sold 94,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. In the last three months, insiders have sold 235,334 shares of company stock worth $5,741,477. 0.60% of the stock is currently owned by 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.