FY2025 EPS Estimates for Barrick Gold Boosted by Scotiabank

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Scotiabank upped their FY2025 EPS estimates for Barrick Gold in a research report issued to clients and investors on Tuesday, October 28th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $3.35 per share for the year, up from their previous forecast of $2.92. Scotiabank 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. Scotiabank also issued estimates for Barrick Gold’s FY2026 earnings at $4.06 EPS.

Other equities analysts have also issued research reports about the stock. National Bank Financial raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. National Bankshares upped their target price on shares of Barrick Gold from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Stifel Nicolaus increased their price objective on shares of Barrick Gold from C$46.00 to C$65.00 in a research note on Monday, October 20th. BMO Capital Markets raised their price target on shares of Barrick Gold from C$37.00 to C$41.00 in a research report on Monday, September 22nd. Finally, Cormark lifted their price objective on shares of Barrick Gold from C$35.00 to C$45.00 in a research report on Thursday, September 18th. Five research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and an average price target of C$46.38.

Barrick Gold Stock Performance

Shares of ABX opened at C$46.04 on Friday. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The company has a market capitalization of C$78.54 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.34 and a beta of 1.06. The company’s 50 day simple moving average is C$43.57 and its 200 day simple moving average is C$33.74. Barrick Gold has a 1 year low of C$21.73 and a 1 year high of C$51.09.

Insider Activity

In other news, insider Poupak Bahamin sold 8,402 shares of Barrick Gold stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$41.21, for a total value of C$346,269.11. Following the transaction, the insider directly owned 29,400 shares of the company’s stock, valued at C$1,211,653.38. This trade represents a 22.23% decrease in their ownership of the stock. Also, insider Rousseau Jooste sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the sale, the insider owned 58,237 shares of the company’s stock, valued at approximately C$2,370,478.85. This represents a 4.90% decrease in their ownership of the stock. In the last ninety days, insiders 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.