FY2025 EPS Estimates for Barrick Gold Lifted by Analyst

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Analysts at National Bank Financial raised their FY2025 earnings estimates for shares of Barrick Gold in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings of $2.69 per share for the year, up from their previous estimate of $2.59. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

ABX has been the topic of several other research reports. TD Cowen reiterated a "buy" rating and set a C$36.00 price target on shares of Barrick Gold in a research report on Tuesday, January 14th. National Bankshares reduced their price target on shares of Barrick Gold from C$26.00 to C$24.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 16th. Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Sanford C. Bernstein reduced their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, UBS Group downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$30.73.

Barrick Gold Price Performance

TSE ABX traded down C$0.76 on Thursday, hitting C$25.43. 4,635,750 shares of the company were exchanged, compared to its average volume of 3,188,417. The firm has a 50 day moving average of C$23.33 and a two-hundred day moving average of C$25.22. The company has a market cap of C$30.91 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. Barrick Gold has a 1-year low of C$19.25 and a 1-year high of C$29.50.

Insider Activity

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 2,500 shares of the firm's stock in a transaction that occurred 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 purchased 85,296 shares of the business's stock in a transaction on Thursday, November 21st. The stock was bought at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53. 0.60% of the stock is currently owned by company insiders.

About Barrick Gold

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.