Cormark Comments on Barrick Gold Co.’s FY2025 Earnings (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at Cormark increased their FY2025 EPS estimates for Barrick Gold in a research note issued to investors on Wednesday, April 17th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $1.15 per share for the year, up from their prior forecast of $1.09. The consensus estimate for Barrick Gold’s current full-year earnings is $1.20 per share.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The company had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion.

Several other analysts have also recently issued reports on ABX. Veritas Investment Research upped their price objective on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. Stifel Nicolaus increased their price target on Barrick Gold from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Friday. Raymond James reduced their price objective on Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. Sanford C. Bernstein upped their target price on Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$28.60.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$23.53 on Friday. The stock has a market capitalization of C$41.41 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. Barrick Gold has a 52 week low of C$18.65 and a 52 week high of C$28.19. The firm has a 50-day simple moving average of C$21.59 and a 200-day simple moving average of C$22.01. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 16.32.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.70%. Barrick Gold’s dividend payout ratio (DPR) is presently 54.55%.

About Barrick Gold

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.