Barrick Gold FY2025 EPS Boosted by National Bank Financial

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at National Bank Financial boosted their FY2025 earnings per share estimates for shares of Barrick Gold in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will earn $2.69 per share for the year, up from their previous forecast of $2.59. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

Several other equities analysts have also recently issued reports on the company. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. TD Cowen reissued a “buy” rating and set a C$36.00 price target on shares of Barrick Gold in a report on Tuesday, January 14th. National Bankshares lowered their price target on 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. Sanford C. Bernstein lowered their price target on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Finally, Stifel Nicolaus lowered their price target on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and an average price target of C$30.23.

Barrick Gold Stock Performance

ABX stock opened at C$26.19 on Thursday. The stock has a market capitalization of C$31.83 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold has a 12-month low of C$18.65 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 stock’s 50 day simple moving average is C$23.25 and its 200 day simple moving average is C$25.23.

Insiders Place Their Bets

In other Barrick Gold news, Director Dennis Mark Bristow bought 85,296 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of C$25.03 per share, for a total transaction 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. 0.60% of the stock is currently owned by insiders.

About Barrick Gold

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.