Raymond James Has Weak Estimate for Barrick Gold Q1 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Analysts at Raymond James dropped their Q1 2025 EPS estimates for shares of Barrick Gold in a report released on Wednesday, February 12th. Raymond James analyst B. Macarthur now expects that the gold and copper producer will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.29. Raymond James currently has a “Outperform” rating and a $24.00 price objective on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.23 per share. Raymond James also issued estimates for Barrick Gold’s Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.27 EPS and FY2025 earnings at $1.11 EPS.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Barrick Gold had a return on equity of 5.82% and a net margin of 13.19%.

Other equities research analysts have also recently issued reports about the stock. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. Bank of America downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $21.00 to $18.00 in a report on Monday, January 27th. TD Securities reduced their target price on shares of Barrick Gold from $24.00 to $23.00 and set a “buy” rating for the company in a report on Thursday. CIBC cut Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Finally, Berenberg Bank raised their price objective on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Barrick Gold Stock Down 2.6 %

GOLD opened at $17.96 on Friday. The stock’s fifty day moving average is $16.23 and its 200-day moving average is $18.17. Barrick Gold has a one year low of $14.25 and a one year high of $21.35. The company has a market capitalization of $31.01 billion, a PE ratio of 19.31, a P/E/G ratio of 0.39 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65.

Barrick Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.23%. Barrick Gold’s dividend payout ratio is 43.01%.

Barrick Gold announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Barrick Gold

Several institutional investors have recently made changes to their positions in the stock. Ritholtz Wealth Management boosted its stake in shares of Barrick Gold by 2.8% during the 3rd quarter. Ritholtz Wealth Management now owns 18,163 shares of the gold and copper producer’s stock valued at $361,000 after buying an additional 502 shares during the period. Greenleaf Trust raised its holdings in shares of Barrick Gold by 2.1% during the third quarter. Greenleaf Trust now owns 25,659 shares of the gold and copper producer’s stock worth $510,000 after acquiring an additional 540 shares in the last quarter. Moors & Cabot Inc. boosted its position in Barrick Gold by 0.9% during the third quarter. Moors & Cabot Inc. now owns 64,085 shares of the gold and copper producer’s stock valued at $1,275,000 after purchasing an additional 579 shares during the last quarter. Chelsea Counsel Co. grew its stake in Barrick Gold by 1.4% in the third quarter. Chelsea Counsel Co. now owns 42,973 shares of the gold and copper producer’s stock valued at $855,000 after purchasing an additional 590 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in Barrick Gold by 24.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,399 shares of the gold and copper producer’s stock worth $68,000 after purchasing an additional 659 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.