Barrick Gold (GOLD) to Release Earnings on Wednesday

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX will likely be releasing its Q1 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect Barrick Gold to post earnings of $0.28 per share and revenue of $3.15 billion for the quarter.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last released its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. On average, analysts expect Barrick Gold to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Gold Stock Down 3.5 %

Shares of NYSE GOLD traded down $0.67 during mid-day trading on Thursday, reaching $18.37. 19,790,485 shares of the company's stock were exchanged, compared to its average volume of 21,454,726. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.44 and a beta of 0.55. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $18.97 and a 200 day simple moving average of $17.91. Barrick Gold has a twelve month low of $15.11 and a twelve month high of $21.35.

Barrick Gold announced that its board has approved a share buyback program on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Barrick Gold Announces Dividend

The firm also recently declared 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 2.18%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold's dividend payout ratio is currently 32.52%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOLD. Royal Bank of Canada lifted their target price on Barrick Gold from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. National Bank Financial raised Barrick Gold to a "hold" rating in a research report on Friday, March 21st. Raymond James lifted their target price on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday, March 31st. StockNews.com raised Barrick Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 5th. Finally, Stifel Canada raised Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Barrick Gold has an average rating of "Moderate Buy" and an average target price of $24.05.

Barrick Gold Company Profile

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.