Q4 EPS Estimates for Barrick Gold Decreased by Raymond James

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Raymond James cut their Q4 2024 earnings per share (EPS) estimates for shares of Barrick Gold in a research report issued on Thursday, January 9th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.56 per share for the quarter, down from their previous forecast of $0.57. 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 Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.53 EPS and FY2025 earnings at $2.00 EPS.

Several other analysts have also issued reports on the company. TD Securities restated a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research note on Wednesday, October 16th. Sanford C. Bernstein dropped their price objective on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Royal Bank of Canada increased their price target on Barrick Gold to C$21.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, TD Cowen restated a “buy” rating and issued a C$36.00 target price on shares of Barrick Gold in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$30.62.

Barrick Gold Price Performance

TSE ABX opened at C$22.36 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The firm’s 50 day moving average is C$23.65 and its 200-day moving average is C$25.19. The company has a market capitalization of C$39.13 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.42%. The ex-dividend date was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is 45.38%.

Insider Buying and Selling at Barrick Gold

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

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.