FY2025 EPS Estimates for Barrick Gold Increased by Analyst

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities researchers at Scotiabank increased their FY2025 earnings per share estimates for shares of Barrick Gold in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $2.15 per share for the year, up from their prior estimate of $1.77. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

ABX has been the subject of a number of other reports. Sanford C. Bernstein lowered their target price on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. UBS Group cut Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Stifel Nicolaus cut their target price on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price target on Barrick Gold to C$21.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Finally, TD Securities restated a "buy" rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Barrick Gold presently has an average rating of "Moderate Buy" and an average price target of C$30.17.

Barrick Gold Price Performance

Shares of TSE:ABX traded down C$0.43 during midday trading on Friday, reaching C$22.70. 5,798,496 shares of the company were exchanged, compared to its average volume of 3,302,288. The stock has a market cap of C$39.73 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The business's fifty day moving average is C$23.89 and its two-hundred day moving average is C$25.18. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. Barrick Gold has a one year low of C$18.65 and a one year high of C$29.50.

Insider Activity

In related news, Senior Officer Poupak Bahamin sold 2,500 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. Also, Director Dennis Mark Bristow acquired 85,296 shares of the stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53. Insiders own 0.60% of the company's stock.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold's dividend payout ratio (DPR) is 45.38%.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.