Raymond James Has Lowered Expectations for Barrick Gold (NYSE:GOLD) Stock Price

Barrick Gold (NYSE:GOLD) (TSE:ABX) had its price objective decreased by Raymond James from $25.00 to $24.00 in a report released on Friday,BayStreet.CA reports. Raymond James currently has an outperform rating on the gold and copper producer’s stock. Raymond James also issued estimates for Barrick Gold’s Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $1.34 EPS.

Other equities research analysts have also recently issued research reports about the company. Citigroup dropped their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Berenberg Bank increased their price target on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Scotiabank cut shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $23.00 to $19.00 in a report on Thursday, January 30th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Bank of America lowered Barrick Gold from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $21.00 to $18.00 in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Barrick Gold has an average rating of “Moderate Buy” and an average price target of $23.83.

Barrick Gold Stock Performance

GOLD opened at $17.04 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. Barrick Gold has a 1 year low of $13.76 and a 1 year high of $21.35. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 0.39 and a beta of 0.55. The business’s 50-day moving average price is $16.19 and its two-hundred day moving average price is $18.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in shares of Barrick Gold by 19.9% in the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after purchasing an additional 80,366 shares during the period. Mizuho Markets Americas LLC grew its stake in Barrick Gold by 21.7% during the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock worth $46,097,000 after buying an additional 413,012 shares in the last quarter. Entropy Technologies LP bought a new position in Barrick Gold in the 3rd quarter valued at about $3,711,000. Aigen Investment Management LP raised its position in shares of Barrick Gold by 330.5% in the 3rd quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock valued at $1,974,000 after buying an additional 76,186 shares in the last quarter. Finally, Crocodile Capital Partners GmbH lifted its holdings in shares of Barrick Gold by 97.3% during the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer’s stock worth $22,630,000 after acquiring an additional 720,000 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

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.