FY2026 EPS Estimates for Barrick Gold Lowered by Scotiabank

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Scotiabank dropped their FY2026 EPS estimates for Barrick Gold in a report released on Wednesday, February 11th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $4.66 per share for the year, down from their prior forecast of $4.96. 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 FY2027 earnings at $4.89 EPS.

Several other analysts have also recently issued reports on ABX. Canaccord Genuity Group increased their target price on Barrick Gold from C$68.00 to C$70.00 in a research report on Monday, December 1st. Citigroup upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. set a C$92.00 target price on shares of Barrick Gold and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Cormark lifted their price target on shares of Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Finally, BNP Paribas Exane raised shares of Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Six analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$73.50.

Barrick Gold Price Performance

TSE:ABX opened at C$65.32 on Monday. The business’s 50-day simple moving average is C$63.92 and its two-hundred day simple moving average is C$50.99. Barrick Gold has a 52 week low of C$24.28 and a 52 week high of C$74.00. The stock has a market cap of C$109.43 billion, a PE ratio of 22.29, a P/E/G ratio of 2.34 and a beta of 1.47. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83.

Insiders Place Their Bets

In related news, Director Pekka Juhani Vauramo acquired 12,400 shares of Barrick Gold stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of C$65.41 per share, with a total value of C$811,084.00. Following the completion of the purchase, the director directly owned 12,400 shares of the company’s stock, valued at C$811,084. The trade was a ∞ increase in their position. Also, insider Graham Patrick Shuttleworth sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the completion of the sale, the insider directly owned 487,252 shares of the company’s stock, valued at C$31,534,949.44. The trade was a 17.03% decrease in their ownership of the stock. Company insiders own 0.60% of the company’s stock.

About Barrick Gold

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.