FY2025 EPS Estimates for Barrick Gold Boosted by Analyst

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Analysts at National Bank Financial increased their FY2025 earnings per share estimates for Barrick Gold in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the gold and copper producer will post earnings of $1.88 per share for the year, up from their previous estimate of $1.80. The consensus estimate for Barrick Gold’s current full-year earnings is $1.23 per share.

Several other equities analysts also recently issued reports on the stock. CIBC downgraded shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Berenberg Bank increased their price target on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. UBS Group downgraded Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Raymond James reduced their target price on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, Bank of America cut Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $21.00 to $18.00 in a report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Barrick Gold Price Performance

Barrick Gold stock opened at $18.18 on Thursday. The stock has a market capitalization of $31.40 billion, a P/E ratio of 19.55, a P/E/G ratio of 0.39 and a beta of 0.55. Barrick Gold has a 12-month low of $13.76 and a 12-month high of $21.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The firm’s 50-day moving average is $16.20 and its two-hundred day moving average is $18.17.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Barrick Gold had a return on equity of 5.82% and a net margin of 13.19%.

Institutional Investors Weigh In On Barrick Gold

Several institutional investors have recently bought and sold shares of GOLD. Principal Financial Group Inc. boosted its position in Barrick Gold by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after purchasing an additional 80,366 shares during the period. Mizuho Markets Americas LLC lifted its stake in shares of Barrick Gold by 21.7% during the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock worth $46,097,000 after purchasing an additional 413,012 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Barrick Gold in the third quarter worth about $3,711,000. Aigen Investment Management LP grew its stake in shares of Barrick Gold by 330.5% in the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock valued at $1,974,000 after buying an additional 76,186 shares in the last quarter. Finally, Crocodile Capital Partners GmbH raised its holdings 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 valued at $22,630,000 after buying an additional 720,000 shares during the period. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold announced that its board has authorized a share buyback plan 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 plans are generally an indication that the company’s management believes its shares are undervalued.

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.20%. Barrick Gold’s dividend payout ratio (DPR) is 43.01%.

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.