Scotiabank Has Positive View of Barrick Gold FY2025 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Scotiabank raised their FY2025 earnings per share estimates for shares of Barrick Gold in a research note issued to investors on Wednesday, September 24th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings of $2.92 per share for the year, up from their previous estimate of $2.07. 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 $2.93 EPS.

ABX has been the topic of a number of other research reports. BMO Capital Markets raised their price objective on Barrick Gold from C$37.00 to C$41.00 in a report on Monday, September 22nd. National Bank Financial raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. National Bankshares upgraded shares of Barrick Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$36.00 to C$51.00 in a research report on Monday, September 22nd. Cibc World Mkts upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, Cormark raised their target price on shares of Barrick Gold from C$35.00 to C$45.00 in a research note on Thursday, September 18th. Four research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$37.33.

Barrick Gold Stock Performance

TSE ABX opened at C$48.06 on Monday. 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 stock’s 50 day simple moving average is C$36.12 and its 200-day simple moving average is C$30.43. The company has a market cap of C$81.99 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. Barrick Gold has a 1-year low of C$21.73 and a 1-year high of C$49.92.

Insider Activity

In other news, insider Rousseau Jooste sold 3,000 shares of Barrick Gold stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the sale, the insider owned 58,237 shares of the company’s stock, valued at approximately C$2,370,478.85. The trade was a 4.90% decrease in their position. Also, insider Joel James Holliday sold 13,588 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$40.38, for a total value of C$548,735.07. Following the completion of the transaction, the insider owned 84,087 shares in the company, valued at C$3,395,752.59. This represents a 13.91% decrease in their ownership of the stock. Over the last quarter, insiders have sold 62,990 shares of company stock valued at $2,580,075. Company 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.