Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX - Stock analysts at Cormark decreased their FY2025 EPS estimates for Barrick Gold in a research report issued to clients and investors on Wednesday, January 15th. Cormark analyst R. Gray now expects that the gold and copper producer will earn $1.37 per share for the year, down from their previous forecast of $1.81. The consensus estimate for Barrick Gold's current full-year earnings is $1.27 per share. Cormark also issued estimates for Barrick Gold's FY2026 earnings at $1.24 EPS.
GOLD has been the subject of a number of other reports. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. CIBC cut shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research note on Monday, November 25th. UBS Group lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. Raymond James decreased their target price on shares of Barrick Gold from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Monday, November 25th. Finally, Citigroup cut their price target on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.82.
View Our Latest Stock Analysis on Barrick Gold
GOLD stock opened at $16.00 on Monday. The stock has a market cap of $27.62 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.28 and a beta of 0.54. The stock has a 50-day moving average price of $16.52 and a two-hundred day moving average price of $18.36. Barrick Gold has a 1 year low of $13.76 and a 1 year high of $21.35. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.
Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Barrick Gold by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer's stock worth $9,630,000 after acquiring an additional 80,366 shares during the last quarter. Mizuho Markets Americas LLC increased its holdings in shares of Barrick Gold by 21.7% in the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer's stock valued at $46,097,000 after purchasing an additional 413,012 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Barrick Gold in the third quarter valued at $3,711,000. Aigen Investment Management LP raised its position in shares of Barrick Gold by 330.5% in the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer's stock valued at $1,974,000 after purchasing an additional 76,186 shares during the period. Finally, Evexia Wealth LLC bought a new stake in shares of Barrick Gold during the 3rd quarter worth about $2,382,000. Institutional investors own 62.85% of the company's stock.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold's dividend payout ratio (DPR) is presently 43.01%.
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.
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