Cormark Weighs in on Barrick Gold's Q2 Earnings (TSE:ABX)

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Cormark boosted their Q2 2025 earnings per share (EPS) estimates for Barrick Gold in a note issued to investors on Wednesday, April 23rd. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.67 per share for the quarter, up from their prior forecast of $0.43. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold's Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.76 EPS and FY2025 earnings at $2.52 EPS.

A number of other brokerages have also recently issued reports on ABX. Royal Bank of Canada boosted their target price on shares of Barrick Gold to C$19.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. UBS Group raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Stifel Nicolaus lifted their target price on shares of Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a research note on Monday, April 21st. TD Cowen reiterated a "buy" rating and set a C$36.00 price objective on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, National Bank Financial upgraded Barrick Gold to a "hold" rating in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$33.89.

Barrick Gold Stock Up 0.9 %

Shares of Barrick Gold stock traded up C$0.25 during trading on Friday, reaching C$26.66. 2,945,470 shares of the company traded hands, compared to its average volume of 3,616,803. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold has a 1-year low of C$21.73 and a 1-year high of C$29.50. The company has a 50 day moving average price of C$26.91 and a 200-day moving average price of C$25.39. The firm has a market capitalization of C$32.40 billion, a PE ratio of 20.07, a P/E/G ratio of 2.34 and a beta of 0.48.

Insider Activity

In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of Barrick Gold stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$27.72, for a total transaction of C$27,720.55. Also, Director Dennis Mark Bristow purchased 230,872 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. Corporate insiders own 0.60% of the company's stock.

About Barrick Gold

Barrick Gold Corp is one of the world's largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.