Raymond James Boosts Earnings Estimates for Barrick Gold

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Stock analysts at Raymond James raised their Q4 2025 earnings estimates for shares of Barrick Gold in a research note issued to investors on Wednesday, February 12th. Raymond James analyst B. Macarthur now expects that the gold and copper producer will earn $0.38 per share for the quarter, up from their prior forecast of $0.36. Raymond James currently has a “Outperform” rating and a $24.00 target price on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.23 per share.

Several other equities analysts also recently weighed in on GOLD. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. Berenberg Bank boosted their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. CIBC downgraded shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Finally, 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and an average target price of $23.67.

Barrick Gold Trading Down 2.6 %

GOLD opened at $17.96 on Monday. The business has a 50 day moving average of $16.25 and a 200-day moving average of $18.17. The stock has a market cap of $31.01 billion, a PE ratio of 19.31, a PEG ratio of 0.39 and a beta of 0.55. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. Barrick Gold has a 52 week low of $14.25 and a 52 week high of $21.35.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock valued at $9,630,000 after buying an additional 80,366 shares during the last quarter. Mizuho Markets Americas LLC raised its position in Barrick Gold by 21.7% during the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock worth $46,097,000 after acquiring an additional 413,012 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Barrick Gold during the third quarter worth about $3,711,000. Aigen Investment Management LP grew its holdings in shares of Barrick Gold by 330.5% during the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock worth $1,974,000 after buying an additional 76,186 shares in the last quarter. Finally, Crocodile Capital Partners GmbH grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Barrick Gold announced that its board has authorized a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the gold and copper producer to buy up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

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.