What is Cormark’s Estimate for Barrick Gold Q1 Earnings?

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Cormark decreased their Q1 2025 earnings per share (EPS) estimates for Barrick Gold in a report released on Thursday, February 13th. Cormark analyst R. Gray now anticipates that the gold and copper producer will earn $0.26 per share for the quarter, down from their previous forecast of $0.34. The consensus estimate for Barrick Gold’s current full-year earnings is $1.23 per share. Cormark also issued estimates for Barrick Gold’s Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.23 EPS and FY2026 earnings at $1.19 EPS.

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

A number of other analysts have also commented on GOLD. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Citigroup decreased their price target on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. 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. Finally, CIBC lowered shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. 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 presently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Barrick Gold Trading Down 2.6 %

Shares of NYSE:GOLD opened at $17.96 on Friday. The firm has a market cap of $31.01 billion, a price-to-earnings 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 12 month low of $14.25 and a 12 month high of $21.35. The company’s fifty day simple moving average is $16.23 and its 200 day simple moving average is $18.17.

Hedge Funds Weigh In On Barrick Gold

Institutional investors have recently bought and sold shares of the business. Crowley Wealth Management Inc. bought a new position in shares of Barrick Gold during the 4th quarter worth approximately $26,000. Exchange Traded Concepts LLC raised its stake in 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 period. Eastern Bank acquired a new stake in Barrick Gold during the 3rd quarter valued at $32,000. Strategic Investment Solutions Inc. IL bought a new position in Barrick Gold during the fourth quarter worth $37,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of 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 valued at $38,000 after purchasing an additional 1,563 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Dividend Announcement

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

Barrick Gold announced that its board has initiated 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 reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is 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.