Raymond James Forecasts Increased Earnings for Barrick Gold

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities researchers at Raymond James boosted their Q2 2025 earnings estimates for shares of Barrick Gold in a research report issued on Tuesday, January 14th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.50 per share for the quarter, up from their prior estimate of $0.43. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

Several other brokerages also recently weighed in on ABX. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. Stifel Nicolaus lowered their price objective on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Royal Bank of Canada upped their target price on Barrick Gold to C$21.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Sanford C. Bernstein decreased their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group cut their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$30.38.

Barrick Gold Stock Up 2.2 %

Barrick Gold stock traded up C$0.50 during midday trading on Friday, hitting C$23.14. 2,968,631 shares of the stock were exchanged, compared to its average volume of 3,182,791. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The firm has a market cap of C$40.50 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a 50 day moving average price of C$23.53 and a two-hundred day moving average price of C$25.19.

Insider Buying and Selling

In related news, Director Dennis Mark Bristow acquired 85,296 shares of the 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$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the stock in a transaction 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. 0.60% of the stock is owned by company insiders.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, November 29th. Barrick Gold's dividend payout ratio 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.