Q1 Earnings Forecast for Barrick Gold Issued By Cormark

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities research analysts at Cormark issued their Q1 2025 earnings per share estimates for shares of Barrick Gold in a research report issued to clients and investors on Wednesday, January 15th. Cormark analyst R. Gray anticipates that the basic materials company will post earnings of $0.49 per share for the quarter. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold's FY2025 earnings at $1.97 EPS and FY2026 earnings at $1.79 EPS.

Several other equities analysts also recently commented on ABX. UBS Group downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. TD Cowen reissued a "buy" rating and set a C$36.00 target price on shares of Barrick Gold in a research note on Tuesday, January 14th. Canaccord Genuity Group reduced their price target on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Royal Bank of Canada boosted their price objective on Barrick Gold to C$21.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Finally, Cibc World Mkts cut shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$30.38.

Barrick Gold Stock Up 0.4 %

ABX traded up C$0.09 during trading hours on Monday, hitting C$23.23. 252,072 shares of the company's stock were exchanged, compared to its average volume of 2,954,926. The firm has a market cap of C$40.65 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$29.50. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The firm has a 50 day moving average of C$23.48 and a 200 day moving average of C$25.23.

Insider Activity at Barrick Gold

In related news, Senior Officer Poupak Bahamin purchased 5,778 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of C$25.03 per share, with a total value of C$144,645.87. Also, Director Dennis Mark Bristow purchased 85,296 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price 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 company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold's payout ratio 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.