Barrick Gold FY2025 EPS Lowered by National Bank Financial

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at National Bank Financial dropped their FY2025 earnings estimates for shares of Barrick Gold in a research report issued on Wednesday, May 14th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will earn $2.44 per share for the year, down from their previous estimate of $2.45. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

Several other research firms also recently weighed in on ABX. Scotiabank downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. UBS Group upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Sanford C. Bernstein reduced their price objective on Barrick Gold from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Stifel Canada raised shares of Barrick Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, BMO Capital Markets upgraded Barrick Gold to a “hold” rating in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and a consensus target price of C$33.67.

Barrick Gold Price Performance

Shares of ABX opened at C$24.94 on Monday. The firm has a fifty day simple moving average of C$26.81 and a two-hundred day simple moving average of C$25.14. Barrick Gold has a 1-year low of C$21.73 and a 1-year high of C$29.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The firm has a market cap of C$30.31 billion, a PE ratio of 18.78, a P/E/G ratio of 2.34 and a beta of 0.48.

Insider Transactions at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow bought 230,872 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. Corporate 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.