Q1 EPS Estimates for Barrick Gold Decreased by Raymond James

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at Raymond James reduced their Q1 2025 earnings per share (EPS) estimates for shares of Barrick Gold in a research report issued to clients and investors on Tuesday, January 14th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.42 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold’s FY2025 earnings at $1.96 EPS.

Several other equities research analysts also recently issued reports on ABX. UBS Group downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Stifel Nicolaus decreased their price target on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Royal Bank of Canada raised their price objective on shares of Barrick Gold to C$21.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. TD Securities reaffirmed a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research report on Wednesday, October 16th. Finally, Canaccord Genuity Group dropped their price target on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$30.69.

Barrick Gold Stock Up 1.5 %

Shares of ABX stock opened at C$22.69 on Thursday. The firm’s 50-day moving average is C$23.65 and its 200-day moving average is C$25.19. The stock has a market cap of C$39.71 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$29.50.

Insider Buying and Selling

In related news, Director Dennis Mark Bristow purchased 85,296 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin acquired 5,778 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of C$25.03 per share, with a total value of C$144,645.87. 0.60% of the stock is currently owned by company insiders.

Barrick Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 45.38%.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.