Stifel Canada Comments on Barrick Gold Q1 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Stifel Canada issued their Q1 2025 earnings estimates for shares of Barrick Gold in a report issued on Monday, April 21st. Stifel Canada analyst R. Profiti forecasts that the basic materials company will earn $0.39 per share for the quarter. 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. Stifel Canada also issued estimates for Barrick Gold’s FY2025 earnings at $2.15 EPS.

ABX has been the topic of several other research reports. UBS Group raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. TD Cowen restated a “buy” rating and issued a C$36.00 price objective on shares of Barrick Gold in a report on Tuesday, January 14th. Sanford C. Bernstein boosted their target price on shares of Barrick Gold from C$40.00 to C$45.00 in a research note on Friday, April 4th. 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. Finally, Royal Bank of Canada upped 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. Five 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$33.89.

Barrick Gold Trading Down 2.5 %

ABX opened at C$27.62 on Tuesday. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The stock has a market capitalization of C$33.57 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.34 and a beta of 0.48. The business has a fifty day moving average price of C$26.86 and a 200 day moving average price of C$25.43. Barrick Gold has a 12 month low of C$21.73 and a 12 month high of C$29.50.

Insider Activity

In related news, Director Dennis Mark Bristow bought 230,872 shares of Barrick Gold 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. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. Insiders own 0.60% of the company’s stock.

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.