Raymond James Estimates Barrick Gold’s Q4 Earnings (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Raymond James reduced their Q4 2024 EPS estimates for Barrick Gold in a research report issued to clients and investors on Sunday, November 10th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.62 per share for the quarter, down from their previous estimate of $0.63. 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 $0.57 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $2.39 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings results on Monday, August 12th. The basic materials company reported C$0.44 EPS for the quarter, beating the consensus estimate of C$0.36 by C$0.08. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. The business had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.12 billion.

Several other research analysts also recently commented on the stock. Sanford C. Bernstein lowered their price objective on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. UBS Group downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group lifted their target price on Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus increased their target price on shares of Barrick Gold from C$28.50 to C$33.50 in a report on Monday, October 21st. Finally, Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$31.14.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$23.73 on Wednesday. The business has a fifty day moving average price of C$27.21 and a two-hundred day moving average price of C$25.09. The stock has a market capitalization of C$41.53 billion, a PE ratio of 19.94, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, November 29th. Barrick Gold’s payout ratio is presently 45.38%.

Insider Buying and Selling at Barrick Gold

In related news, Senior Officer Joel James Holliday sold 20,000 shares of Barrick Gold stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total value of C$547,298.10. In other Barrick Gold news, Director Christopher Lewis Coleman sold 121,334 shares of Barrick Gold stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total value of C$3,409,485.40. Also, Senior Officer Joel James Holliday sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total transaction of C$547,298.10. Corporate 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.