Barrick Gold (GOLD) to Release Quarterly Earnings on Wednesday

Barrick Gold (NYSE:GOLD) (TSE:ABX) is anticipated to release its Q1 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $3.15 billion for the quarter.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. On average, analysts expect Barrick Gold to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Gold Price Performance

GOLD opened at $18.89 on Wednesday. Barrick Gold has a 1 year low of $15.11 and a 1 year high of $21.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The company’s 50 day simple moving average is $18.96 and its 200 day simple moving average is $17.90. The stock has a market capitalization of $32.48 billion, a PE ratio of 15.36, a P/E/G ratio of 0.44 and a beta of 0.55.

Barrick Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is 32.52%.

Barrick Gold declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

GOLD has been the topic of a number of recent analyst reports. Raymond James lifted 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. Citigroup decreased their price objective on shares of Barrick Gold from $21.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, March 31st. Royal Bank of Canada upped their target price on Barrick Gold from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. UBS Group boosted their price objective on Barrick Gold from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Finally, Stifel Canada raised Barrick Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Seven equities 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. According to data from MarketBeat, Barrick Gold has an average rating of “Moderate Buy” and an average target price of $24.05.

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.