FY2025 EPS Estimates for Barrick Gold Lifted by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Stifel Canada upped their FY2025 EPS estimates for shares of Barrick Gold in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now expects that the basic materials company will post earnings per share of $3.16 for the year, up from their prior forecast of $2.49. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $2.88 EPS.

Other equities research analysts have also recently issued research reports about the stock. TD Securities reaffirmed a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research note on Wednesday, October 16th. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Stifel Nicolaus lifted their price target on shares of Barrick Gold from C$28.50 to C$33.50 in a research note on Monday. Canaccord Genuity Group lifted their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd. Finally, Eight Capital lifted their price target on shares of Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Barrick Gold presently has a consensus rating of “Buy” and an average target price of C$30.77.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$28.77 on Thursday. The stock has a market capitalization of C$50.35 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a 12 month low of C$18.65 and a 12 month high of C$29.50. The firm’s 50 day simple moving average is C$27.19 and its 200-day simple moving average is C$24.87. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, August 12th. The basic materials company reported C$0.44 EPS for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.08. The business had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%.

Barrick Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.138 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. Barrick Gold’s dividend payout ratio (DPR) is presently 45.38%.

Insider Buying and Selling at Barrick Gold

In other news, Director Andrew James Quinn acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of C$26.00 per share, for a total transaction of C$129,999.00. In other news, Senior Officer Joel James Holliday sold 20,000 shares of Barrick Gold stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total transaction of C$547,298.10. Also, Director Andrew James Quinn purchased 5,000 shares of Barrick Gold stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of C$26.00 per share, for a total transaction of C$129,999.00. In the last 90 days, insiders have sold 235,334 shares of company stock worth $5,741,477. Corporate insiders own 0.60% of the company’s stock.

Barrick Gold Company Profile

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.