Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Investment analysts at Stifel Canada issued their FY2028 earnings per share (EPS) estimates for Barrick Gold in a research report issued to clients and investors on Wednesday, March 19th. Stifel Canada analyst R. Profiti anticipates that the gold and copper producer will earn $1.44 per share for the year. 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.
Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last released its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%.
Several other research firms also recently weighed in on GOLD. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. 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 report on Monday, January 27th. Citigroup decreased their target price on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. UBS Group raised shares of Barrick Gold from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a research report on Wednesday, March 5th. Finally, CIBC cut Barrick Gold from a "sector outperform" rating to a "neutral" rating in a report on Monday, November 25th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.75.
Get Our Latest Research Report on GOLD
Barrick Gold Price Performance
Shares of GOLD traded up $0.04 during mid-day trading on Thursday, hitting $18.91. 14,732,461 shares of the company were exchanged, compared to its average volume of 21,564,067. Barrick Gold has a 1-year low of $0.25 and a 1-year high of $21.35. The company has a 50 day moving average of $17.57 and a 200-day moving average of $18.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The stock has a market cap of $32.62 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58.
Barrick Gold declared that its board has approved a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.
Barrick Gold Announces Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold's dividend payout ratio (DPR) is presently 32.52%.
Institutional Trading of Barrick Gold
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Crowley Wealth Management Inc. acquired a new stake in Barrick Gold during the fourth quarter worth approximately $26,000. Vega Investment Solutions acquired a new stake in shares of Barrick Gold during the fourth quarter worth $31,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Barrick Gold in the fourth quarter valued at $37,000. Ameriflex Group Inc. acquired a new position in Barrick Gold in the fourth quarter valued at $39,000. Finally, First Horizon Advisors Inc. lifted its position in Barrick Gold by 619.7% during the fourth quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock worth $48,000 after buying an additional 2,646 shares during the period. 62.85% of the stock is currently owned by hedge funds and other institutional investors.
About Barrick Gold
(
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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.
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