Brokers Issue Forecasts for Barrick Gold FY2025 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Equities researchers at Stifel Canada lifted their FY2025 earnings estimates for Barrick Gold in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the gold and copper producer will earn $2.29 per share for the year, up from their previous estimate of $1.82. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $2.09 EPS.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings data on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis.

A number of other research firms have also weighed in on GOLD. Royal Bank of Canada increased their target price on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Argus upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday, August 29th. Scotiabank upped their target price on shares of Barrick Gold from $23.00 to $25.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group lifted their price target on shares of Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, CIBC increased their price objective on Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.60.

Barrick Gold Trading Down 3.6 %

Shares of NYSE GOLD opened at $19.59 on Thursday. Barrick Gold has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.31 and a current ratio of 3.01. The company has a market cap of $34.34 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 0.47 and a beta of 0.55. The business’s 50 day moving average price is $20.18 and its 200-day moving average price is $18.31.

Institutional Trading of Barrick Gold

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Barrick Gold by 1.7% during the first quarter. Vanguard Group Inc. now owns 64,761,067 shares of the gold and copper producer’s stock valued at $1,077,624,000 after acquiring an additional 1,089,572 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Barrick Gold by 31.6% in the 1st quarter. First Eagle Investment Management LLC now owns 58,820,050 shares of the gold and copper producer’s stock worth $978,766,000 after purchasing an additional 14,138,639 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in Barrick Gold by 3.7% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 18,837,028 shares of the gold and copper producer’s stock worth $314,254,000 after buying an additional 666,214 shares during the last quarter. National Bank of Canada FI raised its stake in Barrick Gold by 9.0% in the first quarter. National Bank of Canada FI now owns 14,887,656 shares of the gold and copper producer’s stock valued at $251,929,000 after buying an additional 1,231,184 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Barrick Gold by 3.3% in the second quarter. CIBC Asset Management Inc now owns 14,546,530 shares of the gold and copper producer’s stock worth $242,491,000 after acquiring an additional 461,406 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Friday, August 30th. Barrick Gold’s payout ratio is currently 48.78%.

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.