What is Cormark's Estimate for Barrick Gold FY2025 Earnings?

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Cormark reduced their FY2025 earnings per share (EPS) estimates for Barrick Gold in a note issued to investors on Wednesday, January 15th. Cormark analyst R. Gray now expects that the gold and copper producer will post earnings of $1.37 per share for the year, down from their prior forecast of $1.81. The consensus estimate for Barrick Gold's current full-year earnings is $1.27 per share. Cormark also issued estimates for Barrick Gold's FY2026 earnings at $1.24 EPS.

Several other equities analysts also recently weighed in on the company. Raymond James dropped their target price on Barrick Gold from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Monday, November 25th. Citigroup dropped their price objective on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Berenberg Bank increased their target price on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. TD Securities dropped their price target on shares of Barrick Gold from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Finally, Scotiabank decreased their target price on Barrick Gold from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Monday, November 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.82.

Barrick Gold Trading Up 1.6 %

Shares of GOLD stock traded up $0.25 on Monday, hitting $16.00. The stock had a trading volume of 15,270,538 shares, compared to its average volume of 14,353,890. The company's 50 day moving average price is $16.52 and its 200-day moving average price is $18.37. Barrick Gold has a 1 year low of $13.76 and a 1 year 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 has a market capitalization of $27.85 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.28 and a beta of 0.54.

Institutional Trading of Barrick Gold

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of Barrick Gold by 2.7% in the 3rd quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer's stock valued at $1,088,484,000 after purchasing an additional 1,458,084 shares during the last quarter. EdgePoint Investment Group Inc. lifted its stake in Barrick Gold by 3.7% in the second quarter. EdgePoint Investment Group Inc. now owns 18,837,028 shares of the gold and copper producer's stock valued at $314,254,000 after buying an additional 666,214 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Barrick Gold by 33.3% in the third quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer's stock valued at $227,524,000 after acquiring an additional 2,854,055 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Barrick Gold by 221.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer's stock valued at $199,427,000 after acquiring an additional 6,904,934 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Barrick Gold by 9.5% during the third quarter. Geode Capital Management LLC now owns 8,047,255 shares of the gold and copper producer's stock worth $162,140,000 after acquiring an additional 696,556 shares during the last quarter. Hedge funds and other institutional investors own 62.85% of the company's stock.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.50%. Barrick Gold's dividend payout ratio is currently 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.