Barrick Gold FY2025 EPS Forecast Raised by Stifel Canada

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Stock analysts at Stifel Canada boosted their FY2025 EPS estimates for shares of Barrick Gold in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the basic materials company will post earnings per share of $3.16 for the year, up from their prior estimate of $2.49. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Stifel Canada also issued estimates for Barrick Gold's FY2026 earnings at $2.88 EPS.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last issued its quarterly earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share for the quarter, beating analysts' consensus estimates of C$0.36 by C$0.08. The firm had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%.

A number of other research analysts have also weighed in on ABX. Eight Capital raised their target price on shares of Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. TD Securities reissued a "buy" rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Argus raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 29th. Stifel Nicolaus raised their target price on shares of Barrick Gold from C$28.50 to C$33.50 in a research note on Monday. Finally, Canaccord Genuity Group lifted their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$30.77.

Barrick Gold Price Performance

Barrick Gold stock traded down C$0.62 during midday trading on Thursday, reaching C$28.15. The company had a trading volume of 4,766,156 shares, compared to its average volume of 3,550,876. 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's fifty day simple moving average is C$27.19 and its 200-day simple moving average is C$24.87. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$29.50. The company has a market capitalization of C$49.26 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.34 and a beta of 0.48.

Barrick Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Barrick Gold's previous quarterly dividend of $0.14. Barrick Gold's dividend payout ratio (DPR) is 45.38%.

Insider Activity at Barrick Gold

In related news, Director Christopher Lewis Coleman sold 121,334 shares of Barrick Gold stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total value of C$3,409,485.40. In other Barrick Gold news, Director Andrew James Quinn purchased 5,000 shares of the company's stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of C$26.00 per share, for a total transaction of C$129,999.00. Also, Director Christopher Lewis Coleman sold 121,334 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. In the last quarter, insiders sold 235,334 shares of company stock worth $5,741,477. Insiders own 0.60% of the company's stock.

Barrick Gold Company Profile

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.