Scotiabank Brokers Boost Earnings Estimates for Barrick Gold

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Scotiabank upped their FY2025 earnings per share estimates for shares of Barrick Gold in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings of $2.15 per share for the year, up from their previous estimate of $1.77. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

A number of other equities analysts have also issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. TD Securities reaffirmed a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. UBS Group cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their price target on Barrick Gold to C$21.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.17.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$23.13 on Friday. Barrick Gold has a 12 month low of C$18.65 and a 12 month high of C$29.50. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The company has a market cap of C$40.48 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.34 and a beta of 0.48. The business’s 50 day moving average is C$23.89 and its two-hundred day moving average is C$25.18.

Barrick Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 2.33%. Barrick Gold’s dividend payout ratio is presently 45.38%.

Insider Transactions at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow acquired 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, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. 0.60% of the stock is owned by insiders.

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.