Brokers Issue Forecasts for Barrick Gold FY2025 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – National Bank Financial raised their FY2025 earnings per share (EPS) estimates for Barrick Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $2.69 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.

Several other research analysts also recently weighed in on ABX. Stifel Nicolaus dropped their price target on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. UBS Group lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. National Bankshares reduced their price target on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. TD Cowen reissued a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a report on Tuesday, January 14th. Finally, Scotiabank cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.23.

Barrick Gold Stock Performance

TSE:ABX opened at C$25.43 on Thursday. The stock has a 50-day moving average price of C$23.30 and a 200 day moving average price of C$25.22. The stock has a market capitalization of C$30.91 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold has a 12-month low of C$19.25 and a 12-month high of C$29.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Insider Transactions at Barrick Gold

In other news, Director Dennis Mark Bristow acquired 85,296 shares of Barrick Gold stock in a transaction that occurred on Thursday, November 21st. The shares were bought 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 business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. Company insiders own 0.60% of the company’s stock.

Barrick Gold Company Profile

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.