Stifel Canada Comments on Barrick Gold FY2025 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Stock analysts at Stifel Canada issued their FY2025 earnings per share (EPS) estimates for Barrick Gold in a research report issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti anticipates that the gold and copper producer will post earnings per share of $1.41 for the year. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $1.55 EPS and FY2027 earnings at $1.33 EPS.

A number of other research firms also recently commented on GOLD. Berenberg Bank upped their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Scotiabank upped their price objective on shares of Barrick Gold from $19.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 18th. 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 research report on Thursday, February 13th. CIBC downgraded shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Finally, Raymond James decreased their price target on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and an average target price of $23.75.

Barrick Gold Trading Down 0.6 %

Barrick Gold stock opened at $19.28 on Friday. Barrick Gold has a 52 week low of $0.25 and a 52 week high of $21.35. The stock has a 50-day moving average price of $17.44 and a 200 day moving average price of $18.06. 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 stock has a market cap of $33.26 billion, a PE ratio of 15.67, a P/E/G ratio of 0.44 and a beta of 0.58.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings data 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%.

Barrick Gold declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the gold and copper producer to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership 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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is 32.52%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Chancellor Financial Group WB LP acquired a new position in shares of Barrick Gold during the fourth quarter valued at $298,000. Wealth Enhancement Advisory Services LLC boosted its stake in Barrick Gold by 14.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer’s stock valued at $1,141,000 after buying an additional 9,149 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new position in Barrick Gold during the fourth quarter valued at about $12,181,000. Aegis Wealth Management LLC bought a new position in Barrick Gold during the fourth quarter valued at about $186,000. Finally, Comprehensive Money Management Services LLC bought a new position in Barrick Gold during the fourth quarter valued at about $673,000. 62.85% of the stock is owned by institutional investors and hedge funds.

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.