FY2025 Earnings Estimate for Barrick Gold Issued By Cormark

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Research analysts at Cormark cut their FY2025 earnings estimates for shares of Barrick Gold in a note issued to investors on Wednesday, January 15th. Cormark analyst R. Gray now expects that the gold and copper producer will post earnings per share of $1.37 for the year, down from their prior estimate of $1.81. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share. Cormark also issued estimates for Barrick Gold’s FY2026 earnings at $1.24 EPS.

GOLD has been the subject of a number of other research reports. Raymond James decreased their price objective on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 25th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Finally, Citigroup lowered their price target on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.82.

Barrick Gold Stock Performance

Barrick Gold stock opened at $16.00 on Monday. Barrick Gold has a 1-year low of $13.76 and a 1-year high of $21.35. The company’s 50-day moving average is $16.52 and its 200 day moving average is $18.37. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06.

Institutional Investors Weigh In On Barrick Gold

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock valued at $9,630,000 after purchasing an additional 80,366 shares in the last quarter. Mizuho Markets Americas LLC raised its holdings in Barrick Gold by 21.7% in the 3rd quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock valued at $46,097,000 after acquiring an additional 413,012 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Barrick Gold during the 3rd quarter worth approximately $3,711,000. Aigen Investment Management LP grew its position in shares of Barrick Gold by 330.5% in the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock valued at $1,974,000 after purchasing an additional 76,186 shares in the last quarter. Finally, Evexia Wealth LLC acquired a new stake in shares of Barrick Gold in the third quarter valued at approximately $2,382,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Friday, November 29th. Barrick Gold’s payout ratio is currently 43.01%.

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.