FY2025 EPS Estimates for Barrick Gold Lowered by Scotiabank

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Scotiabank dropped their FY2025 EPS estimates for shares of Barrick Gold in a note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $1.43 per share for the year, down from their prior forecast of $2.15. Scotiabank currently has a “Hold” 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 FY2026 earnings at $1.50 EPS.

A number of other analysts have also recently commented on ABX. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. TD Cowen reiterated a “buy” rating and issued a C$36.00 target price on shares of Barrick Gold in a research report on Tuesday, January 14th. UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Royal Bank of Canada lifted their target price on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, National Bankshares increased their price objective on shares of Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$31.55.

Barrick Gold Stock Performance

Shares of ABX opened at C$27.08 on Monday. Barrick Gold has a 12 month low of C$21.09 and a 12 month high of C$29.50. The business’s fifty day simple moving average is C$25.21 and its two-hundred day simple moving average is C$25.38. The company has a market cap of C$32.91 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.34 and a beta of 0.48. 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 Buying and Selling

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 17,633 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. Also, Director Dennis Mark Bristow purchased 230,872 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of C$25.71 per share, for a total transaction of C$5,936,042.34. Insiders own 0.60% of the company’s stock.

About Barrick Gold

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.