Raymond James Forecasts Weaker Earnings for Barrick Gold

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Raymond James decreased their Q1 2025 earnings estimates for shares of Barrick Gold in a research note issued to investors on Tuesday, January 14th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.42 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold’s FY2025 earnings at $1.96 EPS.

Several other research firms have also issued reports on ABX. Royal Bank of Canada raised their target price on shares of Barrick Gold to C$21.00 and gave the stock a “buy” rating in a report on Friday, December 20th. National Bankshares cut their price objective on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research report on Thursday. Stifel Nicolaus decreased their target price on Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Canaccord Genuity Group cut their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday. Finally, Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$30.38.

Barrick Gold Price Performance

TSE:ABX opened at C$22.64 on Thursday. The firm has a market capitalization of C$39.62 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The business has a 50 day simple moving average of C$23.59 and a 200-day simple moving average of C$25.19. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50.

Insider Buying and Selling

In other news, Senior Officer Poupak Bahamin acquired 5,778 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of C$25.03 per share, with a total value of C$144,645.87. Also, Director Dennis Mark Bristow bought 85,296 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is currently owned by insiders.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s payout ratio is 45.38%.

About Barrick Gold

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.