Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Stock analysts at Stifel Canada increased their FY2025 earnings estimates for Barrick Gold in a research report issued on Monday, April 21st. Stifel Canada analyst R. Profiti now forecasts that the gold and copper producer will post earnings per share of $1.55 for the year, up from their previous forecast of $1.41. 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 $2.23 EPS.
Other analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their price target on shares of Barrick Gold from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. BMO Capital Markets started coverage on shares of Barrick Gold in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. StockNews.com raised Barrick Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 5th. Raymond James lifted their target price on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a report on Monday, March 31st. Finally, UBS Group upped their price target on Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.05.
Get Our Latest Stock Analysis on GOLD
Barrick Gold Trading Down 1.9 %
Shares of GOLD stock traded down $0.36 on Wednesday, hitting $19.05. The stock had a trading volume of 17,025,297 shares, compared to its average volume of 21,617,696. The company's 50 day moving average price is $18.95 and its 200-day moving average price is $17.92. Barrick Gold has a 1 year low of $15.11 and a 1 year high of $21.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. The firm has a market capitalization of $32.76 billion, a P/E ratio of 15.49, a P/E/G ratio of 0.44 and a beta of 0.55.
Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%.
Barrick Gold declared that its board has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Barrick Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, February 28th. Barrick Gold's dividend payout ratio (DPR) is currently 32.52%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in GOLD. Crowley Wealth Management Inc. purchased a new position in shares of Barrick Gold during the fourth quarter worth approximately $26,000. Vega Investment Solutions acquired a new stake in Barrick Gold during the 4th quarter worth $31,000. Nexus Investment Management ULC purchased a new position in Barrick Gold during the 1st quarter worth $32,000. Strategic Investment Solutions Inc. IL acquired a new position in Barrick Gold in the fourth quarter valued at $37,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Barrick Gold during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 62.85% of the company's stock.
Barrick Gold Company Profile
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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.
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