Barrick Gold FY2025 EPS Estimate Lifted by Stifel Canada

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Research analysts at Stifel Canada boosted their FY2025 earnings per share estimates for shares of Barrick Gold in a research note issued to investors on Monday, April 21st. Stifel Canada analyst R. Profiti now anticipates that the gold and copper producer will earn $1.55 per share for the year, up from their previous estimate of $1.41. Stifel Canada has a "Strong-Buy" rating on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Gold's FY2026 earnings at $2.23 EPS.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%.

GOLD has been the subject of a number of other research reports. Scotiabank lifted their price objective on Barrick Gold from $20.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. National Bank Financial raised Barrick Gold to a "hold" rating in a research note on Friday, March 21st. National Bankshares restated an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. Bank of America cut shares of Barrick Gold from a "buy" rating to a "neutral" rating and reduced their target price for the company from $21.00 to $18.00 in a research note on Monday, January 27th. Finally, UBS Group increased their price target on shares of Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.05.

Barrick Gold Stock Down 1.9 %

Shares of NYSE:GOLD traded down $0.36 during trading on Wednesday, reaching $19.05. 17,025,297 shares of the company traded hands, compared to its average volume of 21,610,338. Barrick Gold has a 1-year low of $15.11 and a 1-year high of $21.35. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The firm has a market cap of $32.76 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55. The firm has a fifty day simple moving average of $18.95 and a 200 day simple moving average of $17.93.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold's dividend payout ratio (DPR) is currently 32.52%.

Barrick Gold declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Barrick Gold

Hedge funds have recently modified their holdings of the business. Red Door Wealth Management LLC bought a new position in Barrick Gold during the first quarter worth $539,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Barrick Gold by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,038,059 shares of the gold and copper producer's stock worth $20,408,000 after purchasing an additional 25,740 shares during the period. Achmea Investment Management B.V. raised its position in shares of Barrick Gold by 45.5% during the first quarter. Achmea Investment Management B.V. now owns 825,528 shares of the gold and copper producer's stock valued at $16,026,000 after buying an additional 258,044 shares during the last quarter. Hedges Asset Management LLC raised its position in shares of Barrick Gold by 5.2% during the first quarter. Hedges Asset Management LLC now owns 50,800 shares of the gold and copper producer's stock valued at $988,000 after buying an additional 2,500 shares during the last quarter. Finally, Balefire LLC lifted its stake in shares of Barrick Gold by 35.1% in the first quarter. Balefire LLC now owns 18,984 shares of the gold and copper producer's stock valued at $369,000 after buying an additional 4,933 shares during the period. 62.85% of the stock is owned by institutional investors.

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.