FY2025 EPS Estimates for Barrick Gold Raised by Analyst

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Equities research analysts at National Bank Financial upped their FY2025 EPS estimates for shares of Barrick Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the gold and copper producer will earn $1.88 per share for the year, up from their previous estimate of $1.80. The consensus estimate for Barrick Gold's current full-year earnings is $1.23 per share.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a net margin of 13.19% and a return on equity of 5.82%.

Several other research analysts have also issued reports on the stock. CIBC lowered shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research note on Monday, November 25th. UBS Group lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Citigroup reduced their price objective on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Cibc World Mkts lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. Finally, Scotiabank lowered shares of Barrick Gold from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $23.00 to $19.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.67.

Barrick Gold Stock Down 2.6 %

Shares of Barrick Gold stock traded down $0.49 during trading on Thursday, hitting $17.96. The company's stock had a trading volume of 29,052,684 shares, compared to its average volume of 19,482,404. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. The company has a fifty day simple moving average of $16.25 and a two-hundred day simple moving average of $18.17. The company has a market capitalization of $31.01 billion, a PE ratio of 19.31, a P/E/G ratio of 0.39 and a beta of 0.55. Barrick Gold has a 52 week low of $14.25 and a 52 week high of $21.35.

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, February 28th. Barrick Gold's payout ratio is 43.01%.

Barrick Gold announced that its board has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the gold and copper producer to buy up to 3.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Barrick Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in Barrick Gold by 2.1% during the 4th quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer's stock worth $1,182,641,000 after acquiring an additional 1,563,361 shares during the period. Vanguard Group Inc. raised its stake in Barrick Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock worth $1,060,036,000 after acquiring an additional 1,195,585 shares during the period. Wellington Management Group LLP raised its stake in 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 acquiring an additional 9,598,292 shares during the period. Capital International Investors raised its stake in 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 acquiring an additional 19,189,830 shares during the period. Finally, Amundi raised its stake in Barrick Gold by 1.7% during the 4th quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock worth $223,665,000 after acquiring an additional 236,116 shares during the period. 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.