Q2 EPS Estimates for Barrick Gold Raised by Raymond James

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Equities researchers at Raymond James raised their Q2 2025 earnings per share estimates for shares of Barrick Gold in a research note issued on Tuesday, January 14th. Raymond James analyst B. Macarthur now forecasts that the gold and copper producer will post earnings of $0.35 per share for the quarter, up from their previous forecast of $0.30. Raymond James has a “Outperform” rating and a $25.00 price objective on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share.

A number of other equities research analysts also recently issued reports on GOLD. TD Securities cut their target price on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Scotiabank reduced their price objective on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Berenberg Bank boosted their target price on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. UBS Group downgraded Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. Finally, CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and eight have given a 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 $24.82.

Barrick Gold Price Performance

NYSE GOLD opened at $15.73 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 0.28 and a beta of 0.54. The company has a 50 day simple moving average of $16.63 and a 200-day simple moving average of $18.37. Barrick Gold has a 52-week low of $13.76 and a 52-week high of $21.35.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.54%. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Institutional Trading of Barrick Gold

A number of institutional investors and hedge funds have recently modified their holdings of GOLD. Ritholtz Wealth Management raised its holdings in Barrick Gold by 2.8% in the 3rd quarter. Ritholtz Wealth Management now owns 18,163 shares of the gold and copper producer’s stock worth $361,000 after acquiring an additional 502 shares during the period. Greenleaf Trust grew its position in shares of Barrick Gold by 2.1% in the third quarter. Greenleaf Trust now owns 25,659 shares of the gold and copper producer’s stock valued at $510,000 after purchasing an additional 540 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Barrick Gold by 0.9% in the third quarter. Moors & Cabot Inc. now owns 64,085 shares of the gold and copper producer’s stock worth $1,275,000 after purchasing an additional 579 shares during the period. Chelsea Counsel Co. lifted its position in shares of Barrick Gold by 1.4% during the 3rd quarter. Chelsea Counsel Co. now owns 42,973 shares of the gold and copper producer’s stock worth $855,000 after purchasing an additional 590 shares during the last quarter. Finally, Silverlake Wealth Management LLC boosted its stake in Barrick Gold by 1.3% during the 3rd quarter. Silverlake Wealth Management LLC now owns 49,890 shares of the gold and copper producer’s stock valued at $992,000 after purchasing an additional 628 shares during the period. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.