Raymond James Lowers Earnings Estimates for Barrick Gold

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Research analysts at Raymond James dropped their Q1 2025 earnings per share estimates for Barrick Gold in a research report issued on Tuesday, January 14th. Raymond James analyst B. Macarthur now anticipates that the gold and copper producer will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.33. Raymond James currently has a “Outperform” rating and a $25.00 target price on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share. Raymond James also issued estimates for Barrick Gold’s FY2025 earnings at $1.36 EPS.

Several other brokerages have also recently weighed in on GOLD. TD Securities reduced their price objective on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Berenberg Bank raised their price objective on Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. Citigroup reduced their target price on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, CIBC lowered shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Four investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $24.82.

Barrick Gold Trading Down 0.7 %

GOLD opened at $15.73 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. Barrick Gold has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The company’s 50 day moving average price is $16.63 and its two-hundred day moving average price is $18.37. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 0.28 and a beta of 0.54.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Friday, November 29th. Barrick Gold’s payout ratio is 43.01%.

Institutional Investors Weigh In On Barrick Gold

Several hedge funds and other institutional investors have recently bought and sold shares of GOLD. Ritholtz Wealth Management grew its stake in shares of Barrick Gold by 2.8% in 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 grew its stake in Barrick Gold by 2.1% in the third quarter. Greenleaf Trust now owns 25,659 shares of the gold and copper producer’s stock valued at $510,000 after acquiring an additional 540 shares during the period. Moors & Cabot Inc. increased its holdings in shares of 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 acquiring an additional 579 shares in the last quarter. Chelsea Counsel Co. raised its position in shares of Barrick Gold by 1.4% during the third quarter. Chelsea Counsel Co. now owns 42,973 shares of the gold and copper producer’s stock worth $855,000 after purchasing an additional 590 shares during the period. Finally, Silverlake Wealth Management LLC lifted its holdings in shares of Barrick Gold by 1.3% in the 3rd quarter. Silverlake Wealth Management LLC now owns 49,890 shares of the gold and copper producer’s stock worth $992,000 after purchasing an additional 628 shares in the last quarter. 62.85% of the stock is owned by institutional investors.

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.