Q1 EPS Estimates for Barrick Gold Cut by Raymond James

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Equities research analysts at Raymond James lowered their Q1 2025 earnings per share (EPS) estimates for shares of Barrick Gold in a report released on Tuesday, January 14th. Raymond James analyst B. Macarthur now expects that the gold and copper producer will post earnings of $0.29 per share for the quarter, down from their prior forecast of $0.33. Raymond James currently has a "Outperform" rating and a $25.00 target price on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $1.27 per share. Raymond James also issued estimates for Barrick Gold's FY2025 earnings at $1.36 EPS.

Other equities research analysts have also issued research reports about the stock. UBS Group lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. Berenberg Bank raised their target price on Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. TD Securities lowered their target price on Barrick Gold from $26.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Citigroup cut their price target on Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Finally, Scotiabank lowered their price objective on Barrick Gold from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Barrick Gold has a consensus rating of "Moderate Buy" and an average price target of $24.82.

Barrick Gold Stock Performance

GOLD stock traded down $0.12 during mid-day trading on Thursday, hitting $15.73. The company had a trading volume of 14,315,371 shares, compared to its average volume of 16,270,094. 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 firm has a market cap of $27.38 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.28 and a beta of 0.54. Barrick Gold has a 12 month low of $13.76 and a 12 month high of $21.35. The stock's fifty day moving average price is $16.63 and its two-hundred day moving average price is $18.37.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.54%. Barrick Gold's dividend payout ratio (DPR) is currently 43.01%.

Institutional Trading of Barrick Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of GOLD. Principal Financial Group Inc. increased its holdings in shares of Barrick Gold by 19.9% in the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer's stock worth $9,630,000 after purchasing an additional 80,366 shares during the period. DCF Advisers LLC increased its stake in Barrick Gold by 48.3% in the 2nd quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer's stock worth $1,793,000 after acquiring an additional 35,000 shares during the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of Barrick Gold by 21.7% in the 3rd quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer's stock valued at $46,097,000 after acquiring an additional 413,012 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Barrick Gold during the 3rd quarter valued at about $3,711,000. Finally, Aigen Investment Management LP grew its holdings in shares of Barrick Gold by 330.5% during the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer's stock worth $1,974,000 after purchasing an additional 76,186 shares in the last quarter. Institutional investors own 62.85% of the company's stock.

Barrick Gold Company Profile

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.