FY2025 EPS Estimates for Barrick Gold Co. (TSE:ABX) Lifted by Cormark

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at Cormark increased their FY2025 earnings per share estimates for shares of Barrick Gold in a research report issued to clients and investors on Wednesday, April 17th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $1.15 per share for the year, up from their prior estimate of $1.09. The consensus estimate for Barrick Gold’s current full-year earnings is $1.20 per share.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The firm had revenue of C$4.16 billion during the quarter, compared to analysts’ expectations of C$4.28 billion.

A number of other equities analysts also recently commented on ABX. National Bankshares reduced their price objective on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Friday. Berenberg Bank raised their price objective on shares of Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. National Bank Financial restated a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. Raymond James cut their price objective on shares of Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. Finally, Sanford C. Bernstein raised their target price on shares of Barrick Gold from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$28.60.

Barrick Gold Trading Up 0.6 %

Barrick Gold stock opened at C$23.53 on Friday. The firm has a 50-day moving average of C$21.59 and a 200-day moving average of C$21.99. Barrick Gold has a one year low of C$18.65 and a one year high of C$28.19. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. The company has a market cap of C$41.41 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.94 and a beta of 0.46.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. Barrick Gold’s payout ratio is presently 54.55%.

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.