Q4 EPS Estimates for Barrick Gold Decreased by Stifel Canada

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Investment analysts at Stifel Canada decreased their Q4 2024 earnings per share estimates for shares of Barrick Gold in a research report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the gold and copper producer will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.53. The consensus estimate for Barrick Gold’s current full-year earnings is $1.25 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $1.55 EPS.

Several other equities research analysts have also recently issued reports on GOLD. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Citigroup decreased their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Raymond James decreased their price objective on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Finally, TD Securities cut their price target on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and a consensus target price of $23.83.

Barrick Gold Trading Down 0.8 %

Shares of GOLD opened at $17.04 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The company has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $18.19. Barrick Gold has a 1 year low of $13.76 and a 1 year high of $21.35. The firm has a market cap of $29.42 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.36 and a beta of 0.55.

Institutional Investors Weigh In On Barrick Gold

Several institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in shares of Barrick Gold by 198.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after purchasing an additional 935 shares during the last quarter. Eastern Bank acquired a new position in Barrick Gold during the 3rd quarter worth about $32,000. JFS Wealth Advisors LLC boosted its stake in shares of Barrick Gold by 451.7% in the third quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock valued at $38,000 after purchasing an additional 1,563 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Barrick Gold by 619.7% in the fourth quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer’s stock worth $48,000 after acquiring an additional 2,646 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in Barrick Gold during the 3rd quarter worth $60,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.