What is Cormark’s Forecast for Barrick Gold Q1 Earnings?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Cormark issued their Q1 2025 earnings per share estimates for Barrick Gold in a research report issued on Wednesday, January 15th. Cormark analyst R. Gray anticipates that the basic materials company will earn $0.49 per share for the quarter. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold’s FY2025 earnings at $1.97 EPS and FY2026 earnings at $1.79 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.03). Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. During the same period last year, the business earned $0.32 EPS.

ABX has been the subject of several other reports. Sanford C. Bernstein dropped their price objective on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. National Bankshares lowered their target price on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. TD Securities restated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group lowered their target price on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Stock Performance

Barrick Gold stock opened at C$22.90 on Monday. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The stock has a fifty day moving average price of C$23.46 and a two-hundred day moving average price of C$25.21. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$29.50. The firm has a market capitalization of C$40.08 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.34 and a beta of 0.48.

Insider Activity at Barrick Gold

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00. Also, Director Dennis Mark Bristow bought 85,296 shares of Barrick Gold stock in a transaction on Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. 0.60% of the stock is owned by company insiders.

Barrick Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio is 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.