What is Cormark’s Forecast for Barrick Gold Q1 Earnings?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Stock analysts at Cormark issued their Q1 2025 earnings per share estimates for shares of Barrick Gold in a report issued on Wednesday, January 15th. Cormark analyst R. Gray anticipates that the basic materials company will post earnings of $0.49 per share for the quarter. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold’s FY2025 earnings at $1.97 EPS and FY2026 earnings at $1.79 EPS.

Several other research firms also recently commented on ABX. Sanford C. Bernstein reduced their price objective on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Stifel Nicolaus reduced their price objective on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. UBS Group downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TD Cowen reissued a “buy” rating and set a C$36.00 target price on shares of Barrick Gold in a research note on Tuesday, January 14th. Finally, National Bankshares cut their target price on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$30.38.

Barrick Gold Stock Up 0.3 %

ABX opened at C$23.21 on Monday. The business has a 50 day moving average price of C$23.48 and a two-hundred day moving average price of C$25.23. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The company has a market cap of C$40.62 billion, a PE ratio of 19.50, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold has a 52 week low of C$18.65 and a 52 week high of C$29.50.

Insider Buying and Selling at Barrick Gold

In related news, Senior Officer Poupak Bahamin bought 5,778 shares of the stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of C$25.03 per share, for a total transaction of C$144,645.87. Also, Director Dennis Mark Bristow bought 85,296 shares of the stock in a transaction on Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. 0.60% of the stock is owned by insiders.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 45.38%.

About Barrick Gold

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.