Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Stock analysts at Stifel Canada issued their FY2028 EPS estimates for Barrick Gold in a report released on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the basic materials company will post earnings per share of $2.06 for the year. 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.
A number of other analysts have also recently issued reports on ABX. Scotiabank cut shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Canaccord Genuity Group cut their price target on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. UBS Group upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Cibc World Mkts lowered Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. Finally, Royal Bank of Canada lifted their target price on Barrick Gold to C$19.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$31.55.
Check Out Our Latest Stock Report on Barrick Gold
Barrick Gold Stock Performance
TSE ABX traded up C$0.03 on Thursday, reaching C$27.08. 3,494,157 shares of the stock were exchanged, compared to its average volume of 3,467,741. 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 one year low of C$21.09 and a one year high of C$29.50. The firm has a market capitalization of C$32.91 billion, a PE ratio of 20.39, a PEG ratio of 2.34 and a beta of 0.48. The company's 50-day simple moving average is C$25.21 and its two-hundred day simple moving average is C$25.38.
Insiders Place Their Bets
In other Barrick Gold news, Director Dennis Mark Bristow purchased 230,872 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of Barrick Gold stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. Corporate insiders own 0.60% of the company's stock.
Barrick Gold Company Profile
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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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