Q4 EPS Estimates for Barrick Gold Lowered by Raymond James

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Raymond James reduced their Q4 2024 earnings estimates for Barrick Gold in a research report issued to clients and investors on Thursday, January 9th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.56 per share for the quarter, down from their previous forecast of $0.57. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold’s Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.53 EPS and FY2025 earnings at $2.00 EPS.

ABX has been the topic of several other research reports. Royal Bank of Canada increased their price target on Barrick Gold to C$21.00 and gave the stock a “buy” rating in a report on Friday, December 20th. TD Securities reissued a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a research report on Wednesday, October 16th. UBS Group downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Stifel Nicolaus lowered their target price on shares of Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. 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 company. According to MarketBeat.com, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$30.17.

Barrick Gold Price Performance

ABX stock opened at C$22.26 on Monday. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The stock has a market capitalization of C$38.96 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company’s 50-day moving average is C$23.73 and its 200-day moving average is C$25.21. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62.

Insider Activity at Barrick Gold

In other news, Director Dennis Mark Bristow acquired 85,296 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. 0.60% of the stock is currently owned by company insiders.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Friday, November 29th. Barrick Gold’s payout ratio is 45.38%.

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.