Q1 EPS Estimates for Barrick Gold Lowered by Raymond James

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Investment analysts at Raymond James decreased their Q1 2025 earnings estimates for Barrick Gold in a research note issued to investors on Tuesday, January 14th. Raymond James analyst B. Macarthur now forecasts that the gold and copper producer will earn $0.29 per share for the quarter, down from their previous forecast of $0.33. Raymond James has a “Outperform” rating and a $25.00 price objective on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.28 per share. Raymond James also issued estimates for Barrick Gold’s FY2025 earnings at $1.36 EPS.

Several other equities research analysts also recently weighed in on GOLD. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Citigroup decreased 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 note on Friday, December 20th. TD Securities lowered their price objective on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Berenberg Bank upped their target price on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Finally, CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.82.

Barrick Gold Trading Up 1.7 %

NYSE:GOLD opened at $15.85 on Thursday. The company has a market capitalization of $27.37 billion, a PE ratio of 17.04, a P/E/G ratio of 0.47 and a beta of 0.54. Barrick Gold has a 52-week low of $13.76 and a 52-week high of $21.35. The stock’s 50 day moving average price is $16.68 and its 200 day moving average price is $18.39. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio is presently 43.01%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its stake in shares of Barrick Gold by 198.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after purchasing an additional 935 shares during the period. Eastern Bank acquired a new position in Barrick Gold during the third quarter worth about $32,000. JFS Wealth Advisors LLC grew its position in Barrick Gold by 451.7% during the third quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock worth $38,000 after buying an additional 1,563 shares during the period. AlphaMark Advisors LLC acquired a new stake in shares of Barrick Gold during the 3rd quarter valued at approximately $60,000. Finally, BNP Paribas lifted its position in shares of Barrick Gold by 221.7% during the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock valued at $62,000 after acquiring an additional 2,113 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

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.