Stifel Canada Weighs in on Barrick Gold FY2025 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Research analysts at Stifel Canada issued their FY2025 earnings per share (EPS) estimates for shares of Barrick Gold in a research note issued to investors on Wednesday, March 19th. Stifel Canada analyst R. Profiti expects that the gold and copper producer will post earnings of $1.41 per share for the year. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $1.55 EPS and FY2027 earnings at $1.33 EPS.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced 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 16.59% and a return on equity of 6.76%.

A number of other equities research analysts have also recently issued reports on GOLD. Citigroup lowered their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. TD Securities reduced their target price on Barrick Gold from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank upped their price objective on Barrick Gold from $19.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 18th. Finally, Berenberg Bank raised their price objective on Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Barrick Gold Price Performance

Shares of NYSE GOLD opened at $18.86 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The firm’s 50-day simple moving average is $17.50 and its 200 day simple moving average is $18.05. The stock has a market cap of $32.54 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.44 and a beta of 0.58. Barrick Gold has a fifty-two week low of $0.25 and a fifty-two week high of $21.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GOLD. Van ECK Associates Corp grew its holdings in shares of Barrick Gold by 2.1% during the fourth quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer’s stock valued at $1,182,641,000 after buying an additional 1,563,361 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Barrick Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer’s stock valued at $1,060,036,000 after acquiring an additional 1,195,585 shares during the period. Wellington Management Group LLP increased its position in Barrick Gold by 17.5% in the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer’s stock worth $996,802,000 after buying an additional 9,598,292 shares in the last quarter. Capital International Investors raised its stake in Barrick Gold by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer’s stock worth $516,055,000 after acquiring an additional 19,189,830 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Barrick Gold by 1.9% during the 4th quarter. Mackenzie Financial Corp now owns 15,318,376 shares of the gold and copper producer’s stock valued at $237,280,000 after buying an additional 278,292 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.12%. Barrick Gold’s payout ratio is 32.52%.

Barrick Gold declared that its board has authorized a stock buyback plan 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 purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.