Barrick Gold FY2025 EPS Lifted by National Bank Financial

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for shares of Barrick Gold in a research note issued to investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will earn $2.84 per share for the year, up from their prior forecast of $2.73. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

Several other equities analysts have also recently weighed in on ABX. Cibc World Mkts upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. National Bankshares upgraded Barrick Gold from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$36.00 to C$51.00 in a report on Monday. Cormark raised their price objective on Barrick Gold from C$35.00 to C$45.00 in a report on Thursday, September 18th. Finally, BMO Capital Markets raised their price objective on Barrick Gold from C$37.00 to C$41.00 in a report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$37.33.

Barrick Gold Stock Performance

ABX opened at C$47.81 on Thursday. The business’s 50-day moving average price is C$35.72 and its two-hundred day moving average price is C$30.23. Barrick Gold has a 1 year low of C$21.73 and a 1 year high of C$49.92. The company has a market capitalization of C$81.56 billion, a price-to-earnings ratio of 30.07, a P/E/G ratio of 2.34 and a beta of 0.72. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

Insider Activity at Barrick Gold

In other Barrick Gold news, insider Grant Bill Beringer sold 38,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$41.13, for a total transaction of C$1,562,959.00. Following the completion of the sale, the insider directly owned 107,047 shares in the company, valued at C$4,402,896.63. This trade represents a 26.20% decrease in their ownership of the stock. Also, insider Joel James Holliday sold 13,588 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$40.38, for a total transaction of C$548,735.07. Following the sale, the insider owned 84,087 shares of the company’s stock, valued at C$3,395,752.59. This trade represents a 13.91% decrease in their ownership of the stock. Over the last three months, insiders have sold 62,990 shares of company stock valued at $2,580,075. 0.60% of the stock is currently owned by 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.