Cormark Forecasts Barrick Gold’s Q1 Earnings (NYSE:GOLD)

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Equities research analysts at Cormark issued their Q1 2025 EPS estimates for Barrick Gold in a research report issued to clients and investors on Wednesday, January 15th. Cormark analyst R. Gray forecasts that the gold and copper producer will post earnings of $0.34 per share for the quarter. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share. Cormark also issued estimates for Barrick Gold’s Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.34 EPS and Q4 2025 earnings at $0.34 EPS.

A number of other equities research analysts also recently issued reports on GOLD. Citigroup reduced their price target on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. TD Securities cut their target price 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 World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Raymond James cut their price objective on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, November 25th. Finally, Berenberg Bank raised their target price on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and a consensus price target of $24.82.

Barrick Gold Stock Performance

Shares of NYSE:GOLD opened at $16.00 on Friday. Barrick Gold has a 12-month low of $13.76 and a 12-month high of $21.35. The company’s 50 day moving average price is $16.57 and its two-hundred day moving average price is $18.35. The firm has a market cap of $27.85 billion, a PE ratio of 17.20, a PEG ratio of 0.28 and a beta of 0.54. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14.

Institutional Trading of Barrick Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Barrick Gold by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,471,407 shares of the gold and copper producer’s stock valued at $124,635,000 after acquiring an additional 1,057,886 shares in the last quarter. Moors & Cabot Inc. raised its position in Barrick Gold by 11.6% in the second quarter. Moors & Cabot Inc. now owns 63,506 shares of the gold and copper producer’s stock valued at $1,059,000 after purchasing an additional 6,605 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Barrick Gold by 17.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,172 shares of the gold and copper producer’s stock valued at $515,000 after purchasing an additional 4,521 shares during the last quarter. Sienna Gestion acquired a new stake in shares of Barrick Gold during the second quarter valued at about $222,000. Finally, XTX Topco Ltd bought a new stake in shares of Barrick Gold during the second quarter worth about $383,000. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, November 29th. Barrick Gold’s payout ratio is 43.01%.

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.