Stifel Canada Forecasts Increased Earnings for Barrick Gold

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Stifel Canada increased their FY2026 earnings per share (EPS) estimates for Barrick Gold in a research report issued on Monday, April 21st. Stifel Canada analyst R. Profiti now anticipates that the basic materials company will post earnings of $3.10 per share for the year, up from their previous forecast of $2.07. Stifel Canada has a "Strong-Buy" rating on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

ABX has been the topic of several other reports. Sanford C. Bernstein lifted their price target on shares of Barrick Gold from C$40.00 to C$45.00 in a research note on Friday, April 4th. UBS Group upgraded shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Stifel Nicolaus upped their price target on shares of Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a research report on Monday. National Bank Financial upgraded Barrick Gold to a "hold" rating in a report on Friday, March 21st. Finally, Royal Bank of Canada increased their target price on Barrick Gold to C$19.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of C$33.89.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$27.62 on Wednesday. The stock has a market cap of C$33.57 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.34 and a beta of 0.48. The stock's 50-day moving average is C$26.86 and its 200 day moving average is C$25.43. 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$21.73 and a 1-year high of C$29.50.

Insider Activity at Barrick Gold

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

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.

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