3 Companies Buying Back Stock – Why They're Doubling Down

Core Insights - The article discusses the advantages of stock buybacks over dividend payouts as a method for companies to reward shareholders, emphasizing that buybacks allow for reinvestment of capital and avoidance of double taxation [2][3]. Barrick Gold - Barrick Gold management has approved a new buyback program worth up to $1 billion, representing approximately 3.2$23.75 for Barrick Gold, indicating a potential upside of 33.92% based on 12 analyst ratings [5]. - The stock's value is expected to rise due to strong performance in gold prices, which could enhance margins and earnings per share (EPS) [6]. - Raymond James analysts have reiterated an outperform target for Barrick Gold, with a new price target of $24 per share, suggesting a potential 30$500 million, which represents about 9.3% of the company's market capitalization, indicating strong confidence in the company's future [10]. - The gross margin rate for Lyft is reported at 35.3%, allowing for more efficient reinvestment of capital [11]. - Jacobs Levy Equity Management increased their holdings in Lyft by 15.1%, reflecting bullish sentiment among investors [12]. - Analysts forecast a 12-month stock price of $17.22 for Lyft, with a potential upside of 28.93$1 billion, even as the stock trades at 90% of its 52-week high, indicating management's belief in the stock's undervaluation [15]. - The company has delivered a return on invested capital (ROIC) of up to 15% over the past 12 months, outperforming expected average annual returns from the S&P 500 [14]. - Analysts forecast a 12-month stock price of $59.22 for Tractor Supply, suggesting a potential upside of 6.96$1.97 for the second quarter of 2025, a significant increase from the current $0.44 [16].