Scotiabank Brokers Lower Earnings Estimates for Barrick Gold

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Stock analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for shares of Barrick Gold in a research note issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $1.43 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 research analysts have also weighed in on ABX. Stifel Canada upgraded Barrick Gold to a “strong-buy” rating in a report on Wednesday, March 19th. National Bankshares raised their price target on shares of Barrick Gold from C$27.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 19th. Stifel Nicolaus decreased their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Royal Bank of Canada increased their price target on Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, 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. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Barrick Gold currently has a consensus rating of “Buy” and a consensus price target of C$31.55.

Barrick Gold Trading Up 0.1 %

ABX opened at C$27.08 on Monday. Barrick Gold has a fifty-two week low of C$21.09 and a fifty-two week high of C$29.50. The firm has a market capitalization of C$32.91 billion, a PE ratio of 20.39, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The company’s 50-day moving average is C$25.21 and its 200 day moving average is C$25.38.

Insider Activity at Barrick Gold

In related 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 Barrick Gold stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. 0.60% of the stock is owned by corporate 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.