Q2 EPS Estimates for Barrick Gold Boosted by Raymond James

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Stock analysts at Raymond James increased their Q2 2025 earnings estimates for Barrick Gold in a research note issued to investors on Tuesday, January 14th. Raymond James analyst B. Macarthur now forecasts that the gold and copper producer will post earnings of $0.35 per share for the quarter, up from their prior forecast of $0.30. 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.

Other analysts have also issued research reports about the company. TD Securities dropped their target price on Barrick Gold from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Berenberg Bank upped their price objective on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Citigroup lowered their target price on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Finally, UBS Group lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. Four 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, Barrick Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.82.

Barrick Gold Stock Up 1.6 %

NYSE:GOLD traded up $0.25 on Friday, hitting $16.00. 15,270,538 shares of the company's stock were exchanged, compared to its average volume of 16,181,943. The company has a market cap of $27.85 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 0.28 and a beta of 0.54. The firm has a 50-day moving average price of $16.57 and a 200-day moving average price of $18.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. Barrick Gold has a 52 week low of $13.76 and a 52 week high of $21.35.

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Friday, November 29th. Barrick Gold's dividend payout ratio is presently 43.01%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Barrick Gold by 221.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer's stock worth $199,427,000 after acquiring an additional 6,904,934 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Barrick Gold by 4,713.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,144,456 shares of the gold and copper producer's stock worth $69,141,000 after purchasing an additional 4,058,351 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Barrick Gold by 33.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer's stock valued at $227,524,000 after purchasing an additional 2,854,055 shares during the period. Wellington Management Group LLP grew its holdings in Barrick Gold by 2.7% in the 3rd quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer's stock valued at $1,088,484,000 after buying an additional 1,458,084 shares in the last quarter. Finally, Sound Shore Management Inc. CT increased its position in Barrick Gold by 48.2% during the 2nd quarter. Sound Shore Management Inc. CT now owns 4,455,551 shares of the gold and copper producer's stock worth $74,319,000 after buying an additional 1,449,862 shares during the period. Institutional investors and hedge funds 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.