Cormark Analysts Boost Earnings Estimates for Barrick Gold Co. (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for Barrick Gold in a report released on Wednesday, April 17th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $1.15 per share for the year, up from their previous estimate of $1.09. The consensus estimate for Barrick Gold’s current full-year earnings is $1.20 per share.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, topping the consensus estimate of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%.

A number of other analysts have also recently commented on the stock. National Bankshares cut their price target on shares of Barrick Gold from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 6th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. Sanford C. Bernstein boosted their price target on Barrick Gold from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus cut their price objective on Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, CIBC reiterated an “outperform” rating and set a C$31.00 target price on shares of Barrick Gold in a research note on Thursday, February 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$28.40.

Barrick Gold Price Performance

Shares of ABX opened at C$23.38 on Friday. The company has a current ratio of 3.16, a quick ratio of 2.62 and a debt-to-equity ratio of 16.32. The company’s fifty day simple moving average is C$21.51 and its 200 day simple moving average is C$21.96. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$28.19. The company has a market cap of C$41.15 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.94 and a beta of 0.46.

Barrick Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, February 28th. Barrick Gold’s payout ratio is 54.55%.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.