2 weeks Ago By ABMN Staff
Barrick Gold Corp ( NYSE:GOLD – Free Report ) (TSE:ABX) – Equities researchers at Stifel Canada lifted their FY2025 earnings estimates for Barrick Gold in a research note issued to investors on Monday, April 21st. Stifel Canada analyst R. Profiti now expects that the gold and copper producer will post earnings of $1.
55 per share for the year, up from their prior estimate of $1.41. Stifel Canada has a “Strong-Buy” rating on the stock.
The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $2.
23 EPS. Several other equities research analysts also recently issued reports on the company. Raymond James raised their price target on Barrick Gold from $23.
00 to $23.50 and gave the company an “outperform” rating in a report on Monday, March 31st. StockNews.
com raised shares of Barrick Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 5th. BMO Capital Markets initiated coverage on shares of Barrick Gold in a research note on Wednesday, April 16th. They issued a “market perform” rating on the stock.
Royal Bank of Canada raised their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th.
Finally, TD Securities decreased their target price on Barrick Gold from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th.
Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.
05. Barrick Gold Stock Performance GOLD opened at $19.42 on Wednesday.
The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.
14. The stock has a market cap of $33.39 billion, a price-to-earnings ratio of 15.
79, a PEG ratio of 0.44 and a beta of 0.55.
Barrick Gold has a 12-month low of $15.11 and a 12-month high of $21.35.
The business has a 50 day moving average of $18.93 and a 200-day moving average of $17.93.
Barrick Gold ( NYSE:GOLD – Get Free Report ) (TSE:ABX) last issued its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.
46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.
76%. Hedge Funds Weigh In On Barrick Gold Several hedge funds and other institutional investors have recently made changes to their positions in the company. Crowley Wealth Management Inc.
bought a new position in Barrick Gold in the fourth quarter valued at approximately $26,000. Vega Investment Solutions bought a new position in shares of Barrick Gold in the 4th quarter valued at $31,000. Nexus Investment Management ULC acquired a new position in shares of Barrick Gold during the 1st quarter worth $32,000.
Strategic Investment Solutions Inc. IL bought a new stake in shares of Barrick Gold during the 4th quarter worth $37,000. Finally, Ameriflex Group Inc.
acquired a new stake in Barrick Gold in the fourth quarter valued at about $39,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.
Barrick Gold Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.10 per share.
The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.
06%. Barrick Gold’s dividend payout ratio is 32.52%.
Barrick Gold declared that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the gold and copper producer to reacquire up to 3.
2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued. Barrick Gold Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.
com's FREE daily email newsletter ..
