What is Cormark's Estimate for Barrick Gold Q1 Earnings?

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Cormark dropped their Q1 2025 earnings per share (EPS) estimates for shares of Barrick Gold in a note issued to investors on Thursday, February 13th. Cormark analyst R. Gray now expects that the gold and copper producer will post earnings per share of $0.26 for the quarter, down from their prior forecast of $0.34. The consensus estimate for Barrick Gold's current full-year earnings is $1.23 per share. Cormark also issued estimates for Barrick Gold's Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.23 EPS and FY2026 earnings at $1.19 EPS.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted 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 5.82% and a net margin of 13.19%.

Several other research analysts also recently commented on the company. Berenberg Bank increased their price objective on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. TD Securities reduced their price objective on Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Bank of America downgraded Barrick Gold from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $21.00 to $18.00 in a research note on Monday, January 27th. Raymond James cut their target price on Barrick Gold from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, UBS Group downgraded Barrick Gold from a "buy" rating to a "neutral" rating and cut their target price for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.75.

Barrick Gold Price Performance

NYSE GOLD traded up $0.44 during mid-day trading on Friday, hitting $18.38. The stock had a trading volume of 25,401,752 shares, compared to its average volume of 21,959,938. The firm's 50 day moving average is $16.27 and its 200 day moving average is $18.16. Barrick Gold has a twelve month low of $14.27 and a twelve 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 stock has a market capitalization of $31.74 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.39 and a beta of 0.55.

Barrick Gold declared that its Board of Directors has approved a share repurchase 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 stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, February 28th. Barrick Gold's payout ratio is 32.52%.

Institutional Trading of Barrick Gold

A number of hedge funds and other institutional investors have recently modified their holdings of GOLD. Capital International Investors increased its position in shares of Barrick Gold by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after purchasing an additional 19,189,830 shares during the last quarter. Causeway Capital Management LLC acquired a new stake in shares of Barrick Gold during the 4th quarter worth about $172,225,000. Wellington Management Group LLP increased its position in shares of Barrick Gold by 17.5% during the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after purchasing an additional 9,598,292 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Barrick Gold by 221.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer's stock worth $199,427,000 after purchasing an additional 6,904,934 shares during the last quarter. Finally, FIL Ltd boosted its holdings in Barrick Gold by 236.7% during the 4th quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer's stock valued at $105,692,000 after acquiring an additional 4,791,663 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

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.