Raymond James Boosts Earnings Estimates for Barrick Gold

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Raymond James raised their Q4 2025 earnings estimates for shares of Barrick Gold in a research report issued to clients and investors on Wednesday, February 12th. Raymond James analyst B. Macarthur now forecasts that the gold and copper producer will earn $0.38 per share for the quarter, up from their prior estimate of $0.36. Raymond James has a "Outperform" rating and a $24.00 price objective on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $1.47 per share.

A number of other equities analysts have also recently issued reports on the company. Bank of America cut Barrick Gold from a "buy" rating to a "neutral" rating and cut their price target for the stock from $21.00 to $18.00 in a report on Monday, January 27th. Berenberg Bank increased their price target on Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Cibc World Mkts cut Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. CIBC cut Barrick Gold from a "sector outperform" rating to a "neutral" rating in a report on Monday, November 25th. Finally, UBS Group cut Barrick Gold from a "buy" rating to a "neutral" rating and cut their target price for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.75.

Barrick Gold Trading Up 0.2 %

Shares of Barrick Gold stock traded up $0.04 on Monday, reaching $18.82. 25,490,598 shares of the company's stock were exchanged, compared to its average volume of 22,599,492. The company has a market capitalization of $32.50 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.43 and a beta of 0.55. Barrick Gold has a 52 week low of $14.27 and a 52 week high of $21.35. The firm's 50-day moving average is $16.32 and its two-hundred day moving average is $18.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%.

Hedge Funds Weigh In On Barrick Gold

Large investors have recently bought and sold shares of the stock. Crowley Wealth Management Inc. purchased a new stake in shares of Barrick Gold during the 4th quarter valued at $26,000. Exchange Traded Concepts LLC increased its position in shares of Barrick Gold by 198.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer's stock valued at $28,000 after purchasing an additional 935 shares during the last quarter. Vega Investment Solutions purchased a new stake in shares of Barrick Gold during the 4th quarter valued at $31,000. Eastern Bank purchased a new stake in shares of Barrick Gold during the 3rd quarter valued at $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Barrick Gold during the 4th quarter valued at $37,000. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the gold and copper producer to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors 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. Shareholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th. Barrick Gold's dividend payout ratio (DPR) is presently 32.52%.

About Barrick Gold

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.