Cormark Forecasts Barrick Gold's Q2 Earnings (NYSE:GOLD)

Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Analysts at Cormark increased their Q2 2025 earnings per share estimates for Barrick Gold in a research report issued on Wednesday, April 23rd. Cormark analyst R. Gray now forecasts that the gold and copper producer will post earnings per share of $0.48 for the quarter, up from their prior forecast of $0.30. The consensus estimate for Barrick Gold's current full-year earnings is $1.47 per share. Cormark also issued estimates for Barrick Gold's Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.55 EPS and FY2025 earnings at $1.81 EPS.

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 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 research analysts have also recently weighed in on the company. UBS Group boosted their price objective on Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Bank of America downgraded shares of Barrick Gold from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $21.00 to $18.00 in a report on Monday, January 27th. Citigroup reduced their target price on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Raymond James upped their price objective on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. Finally, Royal Bank of Canada upped their price target on Barrick Gold from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Seven equities 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.05.

Barrick Gold Stock Performance

Shares of Barrick Gold stock traded down $0.33 during mid-day trading on Friday, hitting $18.97. 7,998,690 shares of the stock were exchanged, compared to its average volume of 24,041,217. The company has a market capitalization of $32.62 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.44 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The company has a 50-day simple moving average of $18.96 and a 200 day simple moving average of $17.90. Barrick Gold has a 12 month low of $15.11 and a 12 month high of $21.35.

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

Barrick Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.10 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.11%. Barrick Gold's payout ratio is currently 32.52%.

Institutional Investors Weigh In On Barrick Gold

Several large investors have recently added to or reduced their stakes in the business. Avantax Planning Partners Inc. purchased a new stake in shares of Barrick Gold in the 1st quarter valued at about $211,000. Aurora Private Wealth Inc. bought a new position in shares of Barrick Gold in the 1st quarter worth $305,000. Checchi Capital Advisers LLC purchased a new stake in shares of Barrick Gold during the 1st quarter valued at $199,000. D.A. Davidson & CO. lifted its holdings in shares of Barrick Gold by 72.2% during the 1st quarter. D.A. Davidson & CO. now owns 170,527 shares of the gold and copper producer's stock worth $3,315,000 after acquiring an additional 71,479 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in Barrick Gold by 142.1% during the first quarter. Vontobel Holding Ltd. now owns 90,591 shares of the gold and copper producer's stock valued at $1,759,000 after purchasing an additional 53,177 shares in the last quarter. Institutional investors 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.