Barrick Gold Corp (NYSE:GOLD – Free Report) (TSE:ABX) – Analysts at Raymond James upped their Q2 2025 earnings estimates for shares of 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 $0.35 per share for the quarter, up from their prior estimate of $0.30. Raymond James has a “Outperform” rating and a $25.00 price target on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share.
Several other research firms also recently commented on GOLD. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Scotiabank decreased their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. TD Securities cut their target price on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Citigroup lowered their price target on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Finally, UBS Group cut Barrick Gold from a “buy” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.82.
Barrick Gold Stock Up 1.6 %
Shares of GOLD stock opened at $16.00 on Friday. The firm’s fifty day moving average price is $16.57 and its two-hundred day moving average price is $18.35. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. Barrick Gold has a 1 year low of $13.76 and a 1 year high of $21.35. The firm has a market capitalization of $27.85 billion, a P/E ratio of 17.20, a PEG ratio of 0.28 and a beta of 0.54.
Barrick Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.50%. Barrick Gold’s dividend payout ratio is currently 43.01%.
Institutional Investors Weigh In On Barrick Gold
A number of large investors have recently modified their holdings of GOLD. Wellington Management Group LLP boosted its stake in Barrick Gold by 2.7% in the third quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer’s stock valued at $1,088,484,000 after buying an additional 1,458,084 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings in shares of Barrick Gold by 3.7% in the second quarter. EdgePoint Investment Group Inc. now owns 18,837,028 shares of the gold and copper producer’s stock worth $314,254,000 after acquiring an additional 666,214 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Barrick Gold by 33.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer’s stock valued at $227,524,000 after purchasing an additional 2,854,055 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Barrick Gold by 221.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer’s stock valued at $199,427,000 after purchasing an additional 6,904,934 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Barrick Gold by 9.5% during the 3rd quarter. Geode Capital Management LLC now owns 8,047,255 shares of the gold and copper producer’s stock worth $162,140,000 after purchasing an additional 696,556 shares in the last quarter. Institutional investors and hedge funds 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.
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