Barrick Gold (GOLD) Projected to Post Earnings on Wednesday

Barrick Gold (NYSE:GOLD) (TSE:ABX) is projected to issue its Q1 2025 quarterly earnings data 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 issued its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. 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 Stock Performance

NYSE GOLD opened at $18.89 on Wednesday. The company’s fifty day moving average is $18.96 and its two-hundred day moving average is $17.90. The firm has a market capitalization of $32.48 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.44 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. Barrick Gold has a 52-week low of $15.11 and a 52-week high of $21.35.

Barrick Gold declared that its Board of Directors has approved a stock repurchase program 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 purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, February 28th. Barrick Gold’s payout ratio is presently 32.52%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $21.00 to $18.00 in a report on Monday, January 27th. StockNews.com raised Barrick Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 5th. UBS Group raised their target price on Barrick Gold from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. National Bank Financial upgraded Barrick Gold to a “hold” rating in a research report on Friday, March 21st. Finally, BMO Capital Markets assumed coverage on shares of Barrick Gold in a research note on Wednesday, April 16th. They issued a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and an average price target of $24.05.

Barrick Gold Company Profile

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.