FY2025 EPS Estimates for Barrick Gold Cut by Scotiabank

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Scotiabank lowered their FY2025 EPS estimates for Barrick Gold in a report released on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings of $1.43 per share for the year, down from their previous estimate of $2.15. Scotiabank 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.

ABX has been the subject of a number of other reports. Canaccord Genuity Group decreased their target price on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Royal Bank of Canada lifted their price objective on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. National Bank Financial raised shares of Barrick Gold to a “hold” rating in a report on Friday, March 21st. TD Cowen reiterated a “buy” rating and issued a C$36.00 target price on shares of Barrick Gold in a research note on Tuesday, January 14th. Finally, UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$31.55.

Barrick Gold Trading Up 2.1 %

TSE:ABX opened at C$27.64 on Monday. Barrick Gold has a 12 month low of C$21.09 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. The firm’s 50 day moving average is C$25.31 and its 200 day moving average is C$25.39. The stock has a market capitalization of C$33.59 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Insider Buying and Selling

In other news, 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 price of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the 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. 0.60% of the stock is currently owned by insiders.

Barrick Gold Company Profile

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.