Scotiabank Weighs in on Barrick Gold FY2025 Earnings

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) – Equities researchers at Scotiabank decreased their FY2025 EPS estimates for shares of Barrick Gold in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the gold and copper producer will earn $1.00 per share for the year, down from their prior estimate of $1.50. Scotiabank has a “Sector Perform” rating and a $20.00 price objective on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $1.47 per share. Scotiabank also issued estimates for Barrick Gold’s FY2026 earnings at $1.05 EPS.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%.

Several other brokerages have also commented on GOLD. Raymond James decreased their target price on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. UBS Group raised shares of Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, March 5th. National Bank Financial raised shares of Barrick Gold to a “hold” rating in a report on Friday, March 21st. Stifel Canada upgraded shares of Barrick Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Citigroup dropped their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Barrick Gold Trading Up 2.4 %

Shares of GOLD stock opened at $19.34 on Monday. The business’s fifty day moving average price is $17.64 and its 200 day moving average price is $18.03. The firm has a market capitalization of $33.37 billion, a PE ratio of 15.72, a P/E/G ratio of 0.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. Barrick Gold has a 1-year low of $0.25 and a 1-year high of $21.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Barrick Gold by 19.9% in the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock valued at $9,630,000 after buying an additional 80,366 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Barrick Gold by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer’s stock valued at $78,637,000 after acquiring an additional 128,203 shares during the last quarter. Crocodile Capital Partners GmbH lifted its stake in shares of Barrick Gold by 97.3% during the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer’s stock worth $22,630,000 after purchasing an additional 720,000 shares during the period. Chiron Investment Management LLC boosted its holdings in shares of Barrick Gold by 36.5% during the third quarter. Chiron Investment Management LLC now owns 604,199 shares of the gold and copper producer’s stock worth $12,018,000 after purchasing an additional 161,688 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Barrick Gold in the fourth quarter valued at $700,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold declared that its board has authorized a stock buyback program on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the gold and copper producer to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold’s payout ratio is 32.52%.

Barrick Gold Company Profile

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.