Barrick Gold Corp (NYSE:GOLD – Free Report) (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 – Get Free Report) (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.
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.
Featured Articles
- Five stocks we like better than Barrick Gold
- Canadian Penny Stocks: Can They Make You Rich?
- Texas Roadhouse Stock Steering for New Highs This Year
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How to Calculate Inflation Rate
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.