Barrick Gold (GOLD) Expected to Announce Quarterly Earnings on Wednesday

Barrick Gold (NYSE:GOLD) (TSE:ABX) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $3.15 billion for the quarter.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, meeting 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 Up 0.3 %

GOLD stock opened at $18.42 on Monday. The company’s 50 day moving average is $18.98 and its two-hundred day moving average is $17.86. Barrick Gold has a twelve month low of $15.11 and a twelve month high of $21.35. 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 $31.67 billion, a P/E ratio of 14.98, a PEG ratio of 0.44 and a beta of 0.55.

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.17%. Barrick Gold’s dividend payout ratio is presently 32.52%.

Barrick Gold announced that its board has authorized a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have commented on GOLD shares. Bank of America lowered Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $18.00 in a research report on Monday, January 27th. Citigroup cut their target price on shares of Barrick Gold from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. National Bankshares reiterated an “outperform” rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. National Bank Financial raised shares of Barrick Gold to a “hold” rating in a research report on Friday, March 21st. Finally, Raymond James upped their target price on shares of Barrick Gold from $23.00 to $23.50 and gave the company an “outperform” rating in a report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Barrick Gold has an average rating of “Moderate Buy” and a consensus price target 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.