FY2025 EPS Estimates for Barrick Gold Lowered by Scotiabank

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Investment analysts at Scotiabank decreased their FY2025 earnings per share estimates for shares of Barrick Gold in a research report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the gold and copper producer will post earnings per share of $1.00 for the year, down from their previous forecast of $1.50. Scotiabank currently has a “Sector Perform” rating and a $20.00 target price on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Scotiabank also issued estimates for Barrick Gold’s FY2026 earnings at $1.05 EPS.

A number of other equities analysts also recently issued reports on GOLD. Berenberg Bank lifted their price target on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Bank of America downgraded Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the company from $21.00 to $18.00 in a research note on Monday, January 27th. TD Securities cut their price target on Barrick Gold from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Finally, UBS Group upgraded Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.75.

Barrick Gold Stock Performance

Shares of GOLD opened at $18.86 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. The stock has a 50-day moving average of $17.50 and a 200-day moving average of $18.03. The company has a market cap of $32.54 billion, a PE ratio of 15.33, a P/E/G ratio of 0.44 and a beta of 0.58. Barrick Gold has a one year low of $0.25 and a one year high of $21.35.

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

Barrick Gold Dividend Announcement

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

Barrick Gold announced that its board has approved a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the gold and copper producer to buy up to 3.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Barrick Gold

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings 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 purchasing an additional 80,366 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 purchasing an additional 128,203 shares during the period. Crocodile Capital Partners GmbH raised its holdings 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 purchasing an additional 720,000 shares during the period. Chiron Investment Management LLC raised its holdings 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 purchasing an additional 161,688 shares during the period. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Barrick Gold in the 4th quarter worth approximately $700,000. 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.