Stifel Canada Forecasts Higher Earnings for Barrick Gold

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Research analysts at Stifel Canada increased their FY2025 EPS estimates for Barrick Gold in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the gold and copper producer will earn $2.29 per share for the year, up from their prior estimate of $1.82. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $2.09 EPS.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share.

A number of other research analysts have also issued reports on the stock. Raymond James dropped their price objective on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a report on Thursday, September 26th. Jefferies Financial Group raised their price objective on shares of Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, September 13th. UBS Group raised their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. CIBC raised their price objective on shares of Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Finally, Scotiabank raised their price objective on shares of Barrick Gold from $23.00 to $25.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.60.

Barrick Gold Stock Down 1.9 %

GOLD stock opened at $20.80 on Thursday. The firm has a 50-day moving average price of $20.16 and a 200-day moving average price of $18.30. The stock has a market capitalization of $36.45 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 0.47 and a beta of 0.55. Barrick Gold has a 12 month low of $13.76 and a 12 month high of $21.35. The company has a current ratio of 3.01, a quick ratio of 2.31 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Barrick Gold

A number of institutional investors have recently added to or reduced their stakes in the company. DCF Advisers LLC boosted its stake in shares of Barrick Gold by 48.3% in the 2nd quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer’s stock worth $1,793,000 after buying an additional 35,000 shares during the last quarter. Evexia Wealth LLC purchased a new position in Barrick Gold in the third quarter worth $2,382,000. 1832 Asset Management L.P. grew its stake in Barrick Gold by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,089,855 shares of the gold and copper producer’s stock valued at $18,135,000 after purchasing an additional 38,100 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Barrick Gold during the 2nd quarter worth $934,000. Finally, Financial Sense Advisors Inc. boosted its holdings in shares of Barrick Gold by 142.1% in the 1st quarter. Financial Sense Advisors Inc. now owns 826,507 shares of the gold and copper producer’s stock worth $13,753,000 after buying an additional 485,077 shares during the last quarter. 62.85% of the stock is owned by institutional investors.

Barrick Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, August 30th. Barrick Gold’s payout ratio is currently 48.78%.

About Barrick Gold

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.