Brokers Set Expectations for Barrick Gold FY2025 Earnings

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities researchers at Scotiabank dropped their FY2025 EPS estimates for Barrick Gold in a note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $1.43 for the year, down from their previous estimate of $2.15. Scotiabank has a "Hold" rating on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Scotiabank also issued estimates for Barrick Gold's FY2026 earnings at $1.50 EPS.

Other research analysts also recently issued reports about the company. National Bankshares raised their price objective on Barrick Gold from C$27.00 to C$33.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 19th. Canaccord Genuity Group reduced their price objective on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Stifel Nicolaus decreased their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. TD Cowen reaffirmed a "buy" rating and issued a C$36.00 price target on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada boosted their price objective on Barrick Gold to C$19.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$31.55.

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Barrick Gold Stock Up 1.5 %

TSE:ABX traded up C$0.42 during trading hours on Monday, reaching C$28.01. The company's stock had a trading volume of 2,220,012 shares, compared to its average volume of 3,412,251. The company has a market cap of C$34.04 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The business's 50-day moving average is C$25.41 and its 200-day moving average is C$25.39. Barrick Gold has a one year low of C$21.73 and a one year high of C$29.50. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

Insider Activity at Barrick Gold

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

Barrick Gold Company Profile

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.