Q1 Earnings Estimate for Barrick Gold Issued By Cormark

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Cormark issued their Q1 2025 EPS estimates for shares of Barrick Gold in a report released on Wednesday, January 15th. Cormark analyst R. Gray forecasts that the basic materials company will post earnings per share of $0.49 for the quarter. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold’s FY2025 earnings at $1.97 EPS and FY2026 earnings at $1.79 EPS.

Other research analysts have also recently issued research reports about the stock. UBS Group cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. National Bankshares dropped their target price on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research report on Thursday. TD Securities reiterated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Stifel Nicolaus lowered their price objective on Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Finally, Canaccord Genuity Group cut their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$30.38.

Barrick Gold Price Performance

Shares of ABX stock opened at C$23.14 on Monday. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The firm’s 50 day moving average is C$23.48 and its 200-day moving average is C$25.21. The firm has a market capitalization of C$40.50 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 annualized dividend and a yield of 2.33%. Barrick Gold’s dividend payout ratio (DPR) is presently 45.38%.

Insiders Place Their Bets

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 2,500 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. Also, Director Dennis Mark Bristow acquired 85,296 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Company insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.