Barrick Gold (GOLD) Projected to Post Earnings on Wednesday

Barrick Gold (NYSE:GOLD) (TSE:ABX) is projected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect Barrick Gold to post earnings of $0.28 per share and revenue of $3.15 billion for the quarter.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. On average, analysts expect Barrick Gold to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Gold Trading Up 1.3 %

GOLD opened at $18.64 on Tuesday. The company has a fifty day moving average price of $18.99 and a two-hundred day moving average price of $17.84. Barrick Gold has a 1-year low of $15.11 and a 1-year high of $21.35. The company has a market cap of $32.06 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Barrick Gold’s payout ratio is 32.52%.

Barrick Gold announced that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the gold and copper producer to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group increased their target price on Barrick Gold from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, April 11th. National Bank Financial raised shares of Barrick Gold to a “hold” rating in a research note on Friday, March 21st. Stifel Canada upgraded shares of Barrick Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Royal Bank of Canada lifted their price target on Barrick Gold from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Finally, TD Securities lowered their price objective on Barrick Gold from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Barrick Gold currently has an average rating of “Moderate Buy” and a consensus price target of $24.05.

About Barrick Gold

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.