Raymond James Predicts Barrick Gold's Q1 Earnings (TSE:ABX)

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Investment analysts at Raymond James reduced their Q1 2025 earnings estimates for Barrick Gold in a research report issued to clients and investors on Tuesday, January 14th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.47. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold's FY2025 earnings at $1.96 EPS.

ABX has been the topic of a number of other reports. Royal Bank of Canada lifted their price objective on Barrick Gold to C$21.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Canaccord Genuity Group dropped their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday. National Bankshares reduced their price objective on shares of Barrick Gold from C$26.00 to C$24.00 and set a "sector perform" rating for the company in a research note on Thursday. UBS Group cut shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, TD Securities reiterated a "buy" rating and issued a C$34.00 price target on shares of Barrick Gold in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$30.38.

Barrick Gold Stock Performance

TSE ABX traded down C$0.05 on Thursday, hitting C$22.64. 1,872,484 shares of the company traded hands, compared to its average volume of 3,202,260. 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 business's 50 day moving average price is C$23.59 and its 200-day moving average price is C$25.19. The company has a market capitalization of C$39.62 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$29.50.

Insider Activity

In other news, Director Dennis Mark Bristow purchased 85,296 shares of the business's stock in a transaction that occurred 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. Also, Senior Officer Poupak Bahamin acquired 5,778 shares of Barrick Gold stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of C$25.03 per share, for a total transaction of C$144,645.87. Corporate insiders own 0.60% of the company's stock.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.39%. Barrick Gold's dividend payout ratio (DPR) is presently 45.38%.

About Barrick Gold

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.