Q4 EPS Estimates for Barrick Gold Lowered by Stifel Canada

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Analysts at Stifel Canada cut their Q4 2024 earnings per share estimates for Barrick Gold in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the basic materials company will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.74. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Stifel Canada also issued estimates for Barrick Gold's FY2026 earnings at $2.25 EPS.

Several other brokerages also recently weighed in on ABX. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. National Bankshares dropped their price objective 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 note on Thursday, January 16th. Scotiabank lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. TD Cowen reaffirmed a "buy" rating and set a C$36.00 price target on shares of Barrick Gold in a research note on Tuesday, January 14th. Finally, Sanford C. Bernstein decreased their price objective on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$30.38.

Barrick Gold Trading Down 1.1 %

ABX traded down C$0.28 during trading on Thursday, hitting C$24.33. 3,973,693 shares of the company's stock were exchanged, compared to its average volume of 2,946,166. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The stock has a 50 day moving average price of C$23.21 and a 200 day moving average price of C$25.23. The firm has a market cap of C$42.58 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last issued its earnings results on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.45 by C($0.03). Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. During the same period in the previous year, the firm posted $0.32 EPS.

Insider Activity at Barrick Gold

In other news, Senior Officer Poupak Bahamin purchased 5,778 shares of the company's stock in a transaction on Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, for a total transaction of C$144,645.87. Also, Director Dennis Mark Bristow acquired 85,296 shares of Barrick Gold stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, with a total value of C$2,135,291.53. 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.