Q2 EPS Estimates for Barrick Gold Lifted by Raymond James

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Equities research analysts at Raymond James upped their Q2 2025 earnings per share estimates for Barrick Gold in a report released on Tuesday, January 14th. Raymond James analyst B. Macarthur now expects that the gold and copper producer will post earnings of $0.35 per share for the quarter, up from their prior estimate of $0.30. Raymond James has a “Outperform” rating and a $25.00 price objective on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share.

Other analysts have also issued research reports about the stock. Berenberg Bank raised their price objective on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. UBS Group cut Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. TD Securities decreased their target price on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Scotiabank lowered their target price on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Monday, November 25th. Finally, Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.82.

Barrick Gold Stock Up 1.6 %

GOLD opened at $16.00 on Friday. Barrick Gold has a twelve month low of $13.76 and a twelve month high of $21.35. The firm has a market cap of $27.85 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.28 and a beta of 0.54. The firm’s 50-day simple moving average is $16.57 and its 200-day simple moving average is $18.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65.

Hedge Funds Weigh In On Barrick Gold

Several hedge funds have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its stake in shares of Barrick Gold by 198.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after acquiring an additional 935 shares during the last quarter. Eastern Bank bought a new stake in Barrick Gold in the third quarter valued at approximately $32,000. JFS Wealth Advisors LLC raised its holdings in Barrick Gold by 451.7% in the third quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock worth $38,000 after purchasing an additional 1,563 shares during the period. AlphaMark Advisors LLC bought a new position in shares of Barrick Gold during the third quarter worth $60,000. Finally, BNP Paribas grew its holdings in shares of Barrick Gold by 221.7% in the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock valued at $62,000 after buying an additional 2,113 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Dividend Announcement

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 dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

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.