FY2025 EPS Estimates for Barrick Gold Increased by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Barrick Gold in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will earn $2.69 per share for the year, up from their prior forecast of $2.59. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

A number of other equities research analysts also recently issued reports on ABX. Scotiabank downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. TD Cowen reaffirmed a “buy” rating and issued a C$36.00 price objective on shares of Barrick Gold in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their target price on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein dropped their price target on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group dropped their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$30.23.

Barrick Gold Stock Performance

TSE:ABX opened at C$25.97 on Thursday. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50. The firm’s fifty day simple moving average is C$23.25 and its 200-day simple moving average is C$25.23. The stock has a market cap of C$45.45 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Insider Transactions at Barrick Gold

In related news, Director Dennis Mark Bristow bought 85,296 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00. Insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.