BNP Paribas

Jan 20, 2025

FY2024 EPS Estimates for Barrick Gold Lowered by Analyst Posted by MarketBeat News on Jan 20th, 2025 Barrick Gold Corp ( NYSE:GOLD – Free Report ) (TSE:ABX) – Investment analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Barrick Gold in a note issued to investors on Wednesday, January 15th. National Bank Financial analyst M. Parkin now expects that the gold and copper producer will post earnings of $1.33 per share for the year, down from their previous estimate of $1.46. The consensus estimate for Barrick Gold’s current full-year earnings is $1.27 per share. National Bank Financial also issued estimates for Barrick Gold’s FY2025 earnings at $1.80 EPS and FY2026 earnings at $1.90 EPS. Get Barrick Gold alerts: Several other research analysts have also recently weighed in on the company. UBS Group cut Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. TD Securities decreased their price objective on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Citigroup dropped their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. 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 note on Monday, November 25th. Finally, Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.82. Want More Great Investing Ideas? Barrick Gold Trading Up 1.6 % NYSE:GOLD opened at $16.00 on Monday. The stock has a market cap of $27.62 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.28 and a beta of 0.54. Barrick Gold has a 52 week low of $13.76 and a 52 week high of $21.35. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average price is $16.52 and its 200-day moving average price is $18.36. Hedge Funds Weigh In On Barrick Gold A number of large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its stake in shares of Barrick Gold by 198.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after buying an additional 935 shares during the period. Eastern Bank acquired a new stake in shares of Barrick Gold during the third quarter worth about $32,000. JFS Wealth Advisors LLC increased its holdings in Barrick Gold by 451.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock worth $38,000 after buying an additional 1,563 shares during the period. AlphaMark Advisors LLC acquired a new stake in Barrick Gold during the 3rd quarter valued at approximately $60,000. Finally, BNP Paribas increased its stake in shares of Barrick Gold by 221.7% in the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock worth $62,000 after acquiring an additional 2,113 shares during the period. 62.85% of the stock is currently owned by institutional investors. Barrick Gold Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. Barrick Gold’s dividend payout ratio is presently 43.01%. About Barrick Gold