Stifel Canada Comments on Barrick Gold Q1 Earnings

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Equities research analysts at Stifel Canada issued their Q1 2025 EPS estimates for Barrick Gold in a report released on Monday, April 21st. Stifel Canada analyst R. Profiti anticipates that the gold and copper producer will earn $0.28 per share for the quarter. 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.

Several other equities research analysts also recently commented on GOLD. TD Securities decreased their target price on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. UBS Group boosted their price objective on Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Raymond James raised their target price on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a report on Monday, March 31st. Scotiabank upped their price target on Barrick Gold from $20.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, National Bank Financial raised shares of Barrick Gold to a "hold" rating in a research report on Friday, March 21st. Seven 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Gold Stock Down 1.9 %

GOLD stock traded down $0.36 during midday trading on Tuesday, reaching $19.05. 17,024,354 shares of the company's stock traded hands, compared to its average volume of 24,346,035. 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's fifty day moving average price is $18.93 and its 200-day moving average price is $17.93. Barrick Gold has a 52 week low of $15.11 and a 52 week high of $21.35. The company has a market cap of $32.76 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.44 and a beta of 0.55.

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

Barrick Gold Dividend Announcement

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

Barrick Gold announced that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Institutional Trading of Barrick Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in Barrick Gold by 21.8% in the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock worth $62,000 after acquiring an additional 563 shares during the period. Sapient Capital LLC lifted its position in shares of Barrick Gold by 0.5% in the 1st quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer's stock worth $2,227,000 after purchasing an additional 624 shares during the period. Keystone Financial Group boosted its stake in shares of Barrick Gold by 1.4% during the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock valued at $874,000 after purchasing an additional 753 shares in the last quarter. Edge Wealth Management LLC boosted its stake in shares of Barrick Gold by 6.1% during the 1st quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock valued at $255,000 after purchasing an additional 755 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Barrick Gold by 55.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,193 shares of the gold and copper producer's stock valued at $43,000 after buying an additional 785 shares during the period. Hedge funds and other institutional investors own 62.85% of the company's stock.

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.