Raymond James Has Weak Outlook for Barrick Gold Q1 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Stock analysts at Raymond James lowered their Q1 2025 earnings estimates for shares of Barrick Gold in a report issued on Tuesday, January 14th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.47. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold’s FY2025 earnings at $1.96 EPS.

Other research analysts have also issued reports about the stock. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Canaccord Genuity Group dropped their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday. TD Securities reissued a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a report on Wednesday, October 16th. Stifel Nicolaus dropped their target price on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Finally, UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average target price of C$30.69.

Barrick Gold Stock Performance

TSE ABX opened at C$22.69 on Thursday. The company has a market cap of C$39.71 billion, a P/E ratio of 19.07, a PEG ratio of 2.34 and a beta of 0.48. The company has a fifty day simple moving average of C$23.65 and a 200 day simple moving average of C$25.19. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$29.50.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s payout ratio is 45.38%.

Insider Buying and Selling

In other Barrick Gold news, Senior Officer Poupak Bahamin purchased 5,778 shares of the stock in a transaction dated Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, with a total value of C$144,645.87. Also, Director Dennis Mark Bristow acquired 85,296 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is owned by insiders.

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.