FY2025 EPS Estimates for Barrick Gold Lifted by Scotiabank

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

Other equities analysts have also recently issued reports about the company. TD Securities reiterated a “buy” rating and set a C$34.00 price target on shares of Barrick Gold in a research report on Wednesday, October 16th. Sanford C. Bernstein dropped their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. UBS Group downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Stifel Nicolaus dropped their target price on shares of Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Finally, Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Barrick Gold currently has a consensus rating of “Moderate Buy” and an average price target of C$30.17.

Barrick Gold Price Performance

TSE ABX opened at C$23.13 on Friday. The firm has a market capitalization of C$40.48 billion, a PE ratio of 19.44, a P/E/G ratio of 2.34 and a beta of 0.48. 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 has a 12 month low of C$18.65 and a 12 month high of C$29.50. The company’s 50 day simple moving average is C$23.89 and its 200 day simple moving average is C$25.18.

Insiders Place Their Bets

In other news, Director Dennis Mark Bristow purchased 85,296 shares of Barrick Gold stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. Corporate insiders own 0.60% of the company’s stock.

Barrick Gold Cuts Dividend

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

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.