National Bank Financial Predicts Barrick Gold Q1 Earnings

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Investment analysts at National Bank Financial issued their Q1 2025 earnings per share estimates for Barrick Gold in a research report issued to clients and investors on Tuesday, April 22nd. National Bank Financial analyst S. Nagle forecasts that the gold and copper producer will post earnings per share of $0.28 for the quarter. 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. National Bank Financial also issued estimates for Barrick Gold's FY2025 earnings at $1.69 EPS.

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 (EPS) for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%.

GOLD has been the topic of a number of other reports. Citigroup lowered their price target on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Raymond James lifted their price objective on Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. Scotiabank lifted their price target on Barrick Gold from $20.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. TD Securities dropped their target price on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, UBS Group upped their price target on shares of Barrick Gold from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.05.

Barrick Gold Stock Performance

NYSE GOLD traded up $0.10 on Thursday, hitting $19.15. 8,721,858 shares of the company's stock were exchanged, compared to its average volume of 21,567,112. The firm has a market cap of $32.92 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 0.44 and a beta of 0.55. The firm's 50-day moving average price is $18.95 and its two-hundred day moving average price is $17.90. Barrick Gold has a fifty-two week low of $15.11 and a fifty-two week 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.

Barrick Gold announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the gold and copper producer to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.09%. Barrick Gold's dividend payout ratio is currently 32.52%.

Institutional Investors Weigh In On Barrick Gold

Several large investors have recently made changes to their positions in the business. Vontobel Holding Ltd. boosted its position in Barrick Gold by 142.1% during the 1st quarter. Vontobel Holding Ltd. now owns 90,591 shares of the gold and copper producer's stock worth $1,759,000 after purchasing an additional 53,177 shares during the period. Red Door Wealth Management LLC acquired a new position in Barrick Gold in the 1st quarter worth $539,000. Allspring Global Investments Holdings LLC boosted its position in Barrick Gold by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,038,059 shares of the gold and copper producer's stock valued at $20,408,000 after buying an additional 25,740 shares during the last quarter. Achmea Investment Management B.V. grew its stake in shares of Barrick Gold by 45.5% during the first quarter. Achmea Investment Management B.V. now owns 825,528 shares of the gold and copper producer's stock valued at $16,026,000 after acquiring an additional 258,044 shares in the last quarter. Finally, Hedges Asset Management LLC increased its position in shares of Barrick Gold by 5.2% during the first quarter. Hedges Asset Management LLC now owns 50,800 shares of the gold and copper producer's stock worth $988,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

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.