Barrick Gold FY2026 EPS Lifted by National Bank Financial

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Research analysts at National Bank Financial raised their FY2026 EPS estimates for Barrick Gold in a research note issued on Tuesday, April 22nd. National Bank Financial analyst S. Nagle now anticipates that the gold and copper producer will post earnings per share of $2.41 for the year, up from their previous estimate of $1.90. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $1.47 per share.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%.

Several other analysts have also weighed in on GOLD. Bank of America cut Barrick Gold from a "buy" rating to a "neutral" rating and decreased their target price for the company from $21.00 to $18.00 in a research note on Monday, January 27th. StockNews.com raised Barrick Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 5th. UBS Group upped their price objective on shares of Barrick Gold from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Stifel Canada upgraded shares of Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Citigroup lowered their price target on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Barrick Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.05.

Barrick Gold Price Performance

Shares of NYSE GOLD traded down $0.34 during mid-day trading on Friday, reaching $18.96. 8,626,555 shares of the company traded hands, compared to its average volume of 21,547,363. The stock has a fifty day simple moving average of $18.96 and a 200-day simple moving average of $17.90. 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 cap of $32.59 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55. Barrick Gold has a fifty-two week low of $15.11 and a fifty-two week high of $21.35.

Institutional Trading of Barrick Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital International Investors lifted its stake in shares of Barrick Gold by 136.1% during the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock valued at $516,055,000 after acquiring an additional 19,189,830 shares during the period. Causeway Capital Management LLC bought a new stake in shares of Barrick Gold during the fourth quarter worth approximately $172,225,000. Wellington Management Group LLP lifted its holdings in Barrick Gold by 17.5% in 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 buying an additional 9,598,292 shares during the period. FIL Ltd grew its holdings in Barrick Gold by 236.7% during the 4th quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer's stock worth $105,692,000 after acquiring an additional 4,791,663 shares during the period. Finally, Capital International Inc. CA acquired a new position in shares of Barrick Gold in the 4th quarter valued at $57,991,000. Institutional investors and hedge funds own 62.85% of the company's stock.

Barrick Gold declared that its board has authorized a stock repurchase 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 buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Barrick Gold Dividend Announcement

The business 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. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.11%. Barrick Gold's payout ratio is 32.52%.

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.