FY2025 Earnings Estimate for Barrick Gold Issued By Cormark

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Investment analysts at Cormark cut their FY2025 earnings per share (EPS) estimates for Barrick Gold in a research note issued on Wednesday, January 15th. Cormark analyst R. Gray now expects that the gold and copper producer will post earnings of $1.37 per share for the year, down from their previous forecast of $1.81. The consensus estimate for Barrick Gold’s current full-year earnings is $1.25 per share. Cormark also issued estimates for Barrick Gold’s FY2026 earnings at $1.24 EPS.

A number of other brokerages have also recently weighed in on GOLD. UBS Group cut 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. Scotiabank cut Barrick Gold from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $23.00 to $19.00 in a research note on Tuesday. Berenberg Bank upped their price target on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Citigroup dropped their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.45.

Barrick Gold Price Performance

Shares of NYSE GOLD opened at $15.98 on Monday. 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 twelve month low of $13.76 and a twelve month high of $21.35. The stock has a 50 day moving average of $16.50 and a two-hundred day moving average of $18.36. The stock has a market cap of $27.59 billion, a P/E ratio of 17.18, a P/E/G ratio of 0.30 and a beta of 0.54.

Institutional Trading of Barrick Gold

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaMark Advisors LLC lifted its position in Barrick Gold by 85.2% during the fourth quarter. AlphaMark Advisors LLC now owns 5,555 shares of the gold and copper producer’s stock worth $86,000 after buying an additional 2,555 shares during the period. Crocodile Capital Partners GmbH lifted its position in Barrick Gold by 97.3% during the fourth 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 period. Exchange Traded Concepts LLC lifted its position in Barrick Gold by 196.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer’s stock worth $65,000 after buying an additional 2,771 shares during the period. RFG Advisory LLC lifted its position in Barrick Gold by 26.3% during the fourth quarter. RFG Advisory LLC now owns 40,361 shares of the gold and copper producer’s stock worth $626,000 after buying an additional 8,415 shares during the period. Finally, Hedges Asset Management LLC lifted its position in Barrick Gold by 22.3% during the fourth quarter. Hedges Asset Management LLC now owns 48,300 shares of the gold and copper producer’s stock worth $749,000 after buying an additional 8,800 shares during the period. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.50%. Barrick Gold’s dividend 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.