Scotiabank Issues Positive Outlook for Barrick Gold Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Scotiabank boosted their FY2026 earnings estimates for shares of Barrick Gold in a research report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $4.71 for the year, up from their previous forecast of $4.60. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Scotiabank also issued estimates for Barrick Gold’s FY2027 earnings at $5.24 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. The business had revenue of C$5.81 billion for the quarter. Barrick Gold had a net margin of 32.14% and a return on equity of 23.58%.

A number of other analysts have also recently commented on ABX. Royal Bank Of Canada dropped their price target on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Sanford C. Bernstein raised their price objective on Barrick Gold from C$86.00 to C$91.00 in a research report on Monday, April 20th. BMO Capital Markets lifted their price objective on Barrick Gold from C$55.00 to C$65.00 in a research note on Wednesday, April 22nd. Barclays lowered their price objective on Barrick Gold from C$56.00 to C$55.00 in a research note on Thursday. Finally, National Bank Financial dropped their target price on Barrick Gold from C$75.00 to C$67.50 and set an “outperform” rating on the stock in a report on Tuesday. Five investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$73.15.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$48.92 on Friday. Barrick Gold has a fifty-two week low of C$28.38 and a fifty-two week high of C$74.00. The company has a 50 day simple moving average of C$55.46 and a two-hundred day simple moving average of C$59.43. The company has a market capitalization of C$81.97 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 2.34 and a beta of 1.60. The company has a debt-to-equity ratio of 17.29, a quick ratio of 2.62 and a current ratio of 3.06.

Insider Activity

In other news, Director Robert Ananda Paul Samek bought 10,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of C$55.06 per share, with a total value of C$550,600.00. Following the completion of the acquisition, the director owned 18,900 shares of the company’s stock, valued at approximately C$1,040,634. This represents a 112.36% increase in their ownership of the stock. Also, Director Mark Francis Hill sold 88,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the completion of the transaction, the director owned 380,598 shares in the company, valued at approximately C$22,017,594.30. This represents a 18.78% decrease in their position. Insiders sold 134,422 shares of company stock valued at $7,695,879 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.