Analysts Offer Predictions for Barrick Gold FY2025 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Research analysts at Stifel Canada issued their FY2025 earnings per share (EPS) estimates for shares of Barrick Gold in a research note issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the gold and copper producer will earn $1.41 per share for the year. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $1.55 EPS and FY2027 earnings at $1.33 EPS.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%.

Other analysts have also issued reports about the company. UBS Group upgraded Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, March 5th. Citigroup decreased their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Raymond James decreased their price objective on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Barrick Gold Stock Performance

NYSE:GOLD opened at $18.86 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. Barrick Gold has a 52-week low of $0.25 and a 52-week high of $21.35. The firm has a market cap of $32.54 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.44 and a beta of 0.58. The business’s fifty day moving average is $17.50 and its 200 day moving average is $18.04.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.12%. Barrick Gold’s payout ratio is 32.52%.

Barrick Gold announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Barrick Gold

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in shares of Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after buying an additional 80,366 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Barrick Gold by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer’s stock worth $78,637,000 after buying an additional 128,203 shares during the last quarter. Crocodile Capital Partners GmbH grew its position in shares of Barrick Gold by 97.3% in the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer’s stock worth $22,630,000 after buying an additional 720,000 shares during the last quarter. Chiron Investment Management LLC grew its position in shares of Barrick Gold by 36.5% in the 3rd quarter. Chiron Investment Management LLC now owns 604,199 shares of the gold and copper producer’s stock worth $12,018,000 after buying an additional 161,688 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Barrick Gold in the 4th quarter worth approximately $700,000. 62.85% of the stock is currently owned by institutional investors.

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.