Barrick Gold FY2025 EPS Decreased by National Bank Financial

Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX - Analysts at National Bank Financial lowered their FY2025 earnings estimates for Barrick Gold in a research note issued on Wednesday, May 14th. National Bank Financial analyst S. Nagle now forecasts that the gold and copper producer will post earnings of $1.74 per share for the year, down from their previous forecast of $1.75. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $1.47 per share.

Several other equities analysts have also commented on B. National Bankshares reiterated an "outperform" rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. TD Securities reduced their price target on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. UBS Group boosted their price objective on shares of Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Scotiabank increased their target price on shares of Barrick Gold from $20.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, Raymond James lifted their target price on shares of Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.05.

Barrick Gold Trading Down 0.6%

NYSE B opened at $17.85 on Monday. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The stock's 50-day simple moving average is $19.04 and its two-hundred day simple moving average is $17.73. Barrick Gold has a twelve month low of $17.41 and a twelve month high of $47.50. The company has a market capitalization of $30.69 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.44 and a beta of 0.25.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm posted $0.19 EPS. The firm's revenue was up 13.9% compared to the same quarter last year.

Barrick Gold declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.24%. Barrick Gold's payout ratio is presently 30.08%.

Hedge Funds Weigh In On Barrick Gold

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in Barrick Gold by 2.1% in the fourth quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer's stock worth $1,182,641,000 after buying an additional 1,563,361 shares during the period. Vanguard Group Inc. lifted its stake in shares of Barrick Gold by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 68,861,295 shares of the gold and copper producer's stock valued at $1,337,012,000 after purchasing an additional 502,762 shares during the period. Wellington Management Group LLP boosted its position in shares of Barrick Gold by 17.5% during the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after purchasing an additional 9,598,292 shares in the last quarter. Capital International Investors grew its stake in Barrick Gold by 136.1% in the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after purchasing an additional 19,189,830 shares during the period. Finally, TD Asset Management Inc raised its holdings in Barrick Gold by 1.6% in the first quarter. TD Asset Management Inc now owns 17,950,892 shares of the gold and copper producer's stock worth $348,479,000 after purchasing an additional 275,015 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.

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