Cormark Has Negative Outlook for Barrick Gold Q1 Earnings

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Research analysts at Cormark dropped their Q1 2025 earnings estimates for shares of Barrick Gold in a report issued on Thursday, February 13th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.49. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold's Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.76 EPS and FY2026 earnings at $1.70 EPS.

Several other analysts also recently weighed in on ABX. Sanford C. Bernstein dropped their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. National Bankshares dropped their target price on shares of Barrick Gold from C$26.00 to C$24.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. UBS Group downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted 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. Finally, Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$30.73.

Barrick Gold Trading Up 2.5 %

Shares of TSE ABX traded up C$0.63 during midday trading on Friday, reaching C$26.06. 4,248,224 shares of the stock were exchanged, compared to its average volume of 3,220,532. Barrick Gold has a twelve month low of C$19.37 and a twelve month high of C$29.50. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The company has a 50 day simple moving average of C$23.35 and a 200 day simple moving average of C$25.22. The stock has a market capitalization of C$31.67 billion, a P/E ratio of 19.62, a PEG ratio of 2.34 and a beta of 0.48.

Insider Transactions at Barrick Gold

In other news, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total transaction of C$61,215.00. Also, Director Dennis Mark Bristow acquired 85,296 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. Corporate insiders own 0.60% of the company's stock.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.