Q1 EPS Estimates for Barrick Gold Decreased by Raymond James

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Investment analysts at Raymond James reduced their Q1 2025 EPS estimates for Barrick Gold in a research report issued to clients and 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 currently 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.

GOLD has been the subject of several other research reports. TD Securities dropped their price target on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. CIBC cut Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Citigroup reduced their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Scotiabank lowered their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Finally, UBS Group downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus price target of $24.82.

Barrick Gold Trading Up 1.7 %

Shares of Barrick Gold stock opened at $15.85 on Thursday. Barrick Gold has a 1 year low of $13.76 and a 1 year high of $21.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The business has a 50 day moving average price of $16.68 and a 200 day moving average price of $18.39. The company has a market capitalization of $27.37 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.47 and a beta of 0.54.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Barrick Gold by 19.9% in the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after acquiring an additional 80,366 shares in the last quarter. DCF Advisers LLC boosted its position in Barrick Gold by 48.3% during the 2nd quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer’s stock worth $1,793,000 after purchasing an additional 35,000 shares during the period. Mizuho Markets Americas LLC increased its holdings in Barrick Gold by 21.7% in the 3rd quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock valued at $46,097,000 after purchasing an additional 413,012 shares in the last quarter. Entropy Technologies LP purchased a new position in Barrick Gold in the third quarter valued at about $3,711,000. Finally, Aigen Investment Management LP lifted its stake in shares of Barrick Gold by 330.5% during the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock worth $1,974,000 after purchasing an additional 76,186 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s payout ratio is currently 43.01%.

About Barrick Gold

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.