Stifel Canada Comments on Barrick Gold FY2028 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Stock analysts at Stifel Canada issued their FY2028 EPS estimates for Barrick Gold in a report released on Wednesday, March 19th. Stifel Canada analyst R. Profiti anticipates that the basic materials company will earn $2.06 per share for the year. Stifel Canada 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.

Other research analysts also recently issued research reports about the stock. Scotiabank downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Royal Bank of Canada upped their target price on shares of Barrick Gold to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Canaccord Genuity Group cut their price target on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Stifel Nicolaus decreased their price objective on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Finally, UBS Group upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Barrick Gold presently has a consensus rating of “Buy” and an average target price of C$31.55.

Barrick Gold Price Performance

Shares of ABX opened at C$27.05 on Thursday. The business’s fifty day moving average is C$25.11 and its 200 day moving average is C$25.40. Barrick Gold has a 12-month low of C$21.08 and a 12-month high of C$29.50. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. The stock has a market cap of C$32.88 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.34 and a beta of 0.48.

Insiders Place Their Bets

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 17,633 shares of Barrick Gold stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. Also, Director Dennis Mark Bristow bought 230,872 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average price 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.

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.