FY2025 EPS Estimates for Barrick Gold Lifted by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Stifel Canada upped their FY2025 earnings estimates for Barrick Gold in a report released on Monday, November 10th. Stifel Canada analyst R. Profiti now forecasts that the basic materials company will earn $3.07 per share for the year, up from their prior estimate of $3.01. 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 FY2027 earnings at $5.31 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.76 earnings per share for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. The company had revenue of C$5.78 billion during the quarter.

Other equities analysts also recently issued research reports about the company. National Bank Financial upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. National Bankshares increased their target price on Barrick Gold from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Canaccord Genuity Group boosted their price target on shares of Barrick Gold from C$39.00 to C$57.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Cibc World Mkts upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$46.38.

Barrick Gold Price Performance

TSE:ABX opened at C$52.32 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. Barrick Gold has a 52 week low of C$21.73 and a 52 week high of C$52.62. The stock’s 50-day moving average price is C$45.31 and its 200-day moving average price is C$34.90. The stock has a market capitalization of C$89.26 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18.

Insider Buying and Selling

In other Barrick Gold news, insider Rousseau Jooste sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of C$40.70, for a total value of C$122,112.00. Following the completion of the sale, the insider directly owned 58,237 shares in the company, valued at C$2,370,478.85. This represents a 4.90% decrease in their position. Also, insider Poupak Bahamin sold 8,402 shares of Barrick Gold stock in a transaction on Thursday, September 18th. The stock was sold at an average price of C$41.21, for a total value of C$346,269.11. Following the transaction, the insider owned 29,400 shares in the company, valued at approximately C$1,211,653.38. This represents a 22.23% decrease in their position. In the last quarter, insiders have sold 62,990 shares of company stock valued at $2,580,075. 0.60% of the stock is currently owned by company insiders.

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.