Barrick Gold (TSE:ABX) Stock Price Expected to Rise, Cormark Analyst Says

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective upped by research analysts at Cormark from C$66.00 to C$78.00 in a report issued on Tuesday,BayStreet.CA reports. Cormark’s price objective points to a potential upside of 35.51% from the company’s current price. Cormark also issued estimates for Barrick Gold’s Q4 2025 earnings at $1.40 EPS and FY2025 earnings at $3.33 EPS.

Several other research analysts have also recently issued reports on the company. Scotiabank raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. National Bank Financial raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. BMO Capital Markets raised their price target on Barrick Gold from C$37.00 to C$41.00 in a research note on Monday, September 22nd. Cibc World Mkts raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, National Bankshares raised 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 report on Wednesday, October 15th. Six investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$50.50.

Barrick Gold Trading Up 4.3%

ABX stock opened at C$57.56 on Tuesday. Barrick Gold has a 12 month low of C$21.73 and a 12 month high of C$57.68. The firm’s 50-day moving average is C$47.95 and its 200 day moving average is C$36.79. The company has a market capitalization of C$97.13 billion, a PE ratio of 27.67, a P/E/G ratio of 2.34 and a beta of 1.18. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, November 10th. The basic materials company reported C$0.58 EPS for the quarter. The business had revenue of C$3.41 billion for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. On average, research analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current year.

Insider Activity

In related news, insider Rousseau Jooste sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the completion of the transaction, the insider owned 58,237 shares in the company, valued at C$2,370,478.85. The trade was a 4.90% decrease in their position. Also, insider Joel James Holliday sold 13,588 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$40.38, for a total transaction of C$548,735.07. Following the sale, the insider directly owned 84,087 shares of the company’s stock, valued at C$3,395,752.59. The trade was a 13.91% decrease in their position. Over the last three months, insiders have sold 62,990 shares of company stock valued at $2,580,075. Company 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.