Raymond James Has Weak Forecast for Barrick Gold Q1 Earnings

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Stock analysts at Raymond James reduced their Q1 2025 EPS estimates for Barrick Gold in a research note issued on Wednesday, February 12th. Raymond James analyst B. Macarthur now anticipates that the gold and copper producer will post earnings per share of $0.20 for the quarter, down from their previous forecast of $0.29. Raymond James currently has a "Outperform" rating and a $24.00 target price on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $1.23 per share. Raymond James also issued estimates for Barrick Gold's Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.27 EPS and FY2025 earnings at $1.11 EPS.

A number of other analysts have also issued reports on the stock. Bank of America lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Monday, January 27th. Scotiabank upped their price objective on shares of Barrick Gold from $19.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Tuesday. TD Securities lowered their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Berenberg Bank boosted their target price on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Finally, Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.75.

Barrick Gold Trading Up 2.4 %

NYSE GOLD traded up $0.44 on Friday, hitting $18.38. 25,401,752 shares of the stock were exchanged, compared to its average volume of 21,959,938. 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 stock has a fifty day moving average price of $16.27 and a two-hundred day moving average price of $18.16. The firm has a market capitalization of $31.74 billion, a P/E ratio of 19.76, a P/E/G ratio of 0.39 and a beta of 0.55. Barrick Gold has a 52-week low of $14.27 and a 52-week high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 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%.

Hedge Funds Weigh In On Barrick Gold

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in Barrick Gold by 2.1% in the fourth quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer's stock valued at $1,182,641,000 after buying an additional 1,563,361 shares during the last quarter. Vanguard Group Inc. boosted its position in Barrick Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock valued at $1,060,036,000 after buying an additional 1,195,585 shares during the last quarter. Wellington Management Group LLP boosted its position in Barrick Gold by 17.5% in the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after buying an additional 9,598,292 shares during the last quarter. Capital International Investors boosted its position in Barrick Gold by 136.1% in the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock valued at $516,055,000 after buying an additional 19,189,830 shares during the last quarter. Finally, Amundi boosted its position in Barrick Gold by 1.7% in the 4th quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock worth $223,665,000 after purchasing an additional 236,116 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

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

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.18%. Barrick Gold's dividend payout ratio (DPR) is currently 32.52%.

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.