Raymond James Estimates Barrick Gold’s Q1 Earnings (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Raymond James dropped their Q1 2025 earnings estimates for shares of Barrick Gold in a research note issued to investors on Tuesday, January 14th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.42 for the quarter, down from their previous forecast of $0.47. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold’s FY2025 earnings at $1.96 EPS.

Other research analysts have also issued reports about the company. Canaccord Genuity Group cut their price objective on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday. UBS Group lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. National Bankshares dropped their price objective on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a report on Thursday. Sanford C. Bernstein reduced their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.38.

Barrick Gold Price Performance

TSE ABX opened at C$22.64 on Thursday. The company has a market cap of C$39.62 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.34 and a beta of 0.48. 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 stock’s fifty day moving average price is C$23.59 and its 200 day moving average price is C$25.19. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.135 per share. The ex-dividend date was Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a yield of 2.39%. Barrick Gold’s dividend payout ratio is currently 45.38%.

Insiders Place Their Bets

In related news, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. Also, Director Dennis Mark Bristow bought 85,296 shares of Barrick Gold stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is currently owned by company insiders.

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.