Analysts Set Expectations for Barrick Gold FY2028 Earnings

Barrick Gold Corp (NYSE:GOLD - Free Report) and TSE:ABX have seen recent assessments from analysts regarding their earnings outlook for the fiscal year 2028. On March 19th, Stifel Canada released their earnings per share estimates, predicting that Barrick Gold will earn $1.44 per share. Analyst R. Profiti from Stifel Canada maintains a "Strong-Buy" rating on the stock, suggesting an optimistic view on the company’s performance moving forward.

The current consensus estimate for Barrick Gold's full-year earnings stands slightly higher at $1.47 per share, indicating positive expectations from various market analysts. The last earnings report from Barrick Gold, published on February 12th, showed an EPS of $0.46 for the quarter, which aligned with analysts' expectations.

Stock Performance Overview

Barrick Gold's stock opened at $19.41 recently. The company boasts a solid current ratio of 2.89 and a quick ratio of 2.15, suggesting it has good short-term liquidity. Barrick's debt-to-equity ratio is quite low at 0.14, hinting at a stable financial structure. The company has a market capitalization of approximately $33.49 billion, with a price-to-earnings (P/E) ratio of 15.78.

Investor Insights

Institutional investors are actively adjusting their positions in Barrick Gold. For instance, Capital International Investors increased its holdings by 136.1% in the last quarter, acquiring shares valued at over $516 million. There has also been activity from Causeway Capital Management, Wellington Management, and Connor Clark & Lunn Investment Management, further reflecting strong institutional interest.

Barrick's Board of Directors recently authorized a stock buyback program, allowing the company to repurchase up to $1 billion in shares. Such moves are typically interpreted as a signal of confidence from the leadership about the stock’s undervaluation in the market.

Dividend Announcements

In terms of dividends, Barrick Gold has declared quarterly dividends recently, rewarding its shareholders with $0.10 per share, which translates to an annualized yield of approximately 2.06%. Investors are encouraged to stay updated, as this rate reflects Barrick's commitment to returning value to its shareholders.

Company Background

Barrick Gold Corporation is recognized as a leading global gold and copper producer, trading on both the New York Stock Exchange and the Toronto Stock Exchange. The company underwent significant changes through mergers, including its merger with Randgold Resources in January 2019, enhancing its position in the mining sector.

Barrick, Gold, Earnings