Barrick Gold FY2025 EPS Forecast Lifted by Stifel Canada

Key Points

• Stifel Canada has raised its FY2025 earnings per share (EPS) forecast for Barrick Gold to $3.01, an increase from a previous estimate of $2.86.
• Multiple analysts have recently upgraded Barrick Gold's stock ratings, with National Bank Financial changing its rating from "hold" to "strong-buy" and price targets being raised significantly by various firms.
• The company has seen insider selling activity, with insiders collectively selling 62,990 shares over the past three months, potentially indicating a shift in insider sentiment.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Analysts at Stifel Canada raised their FY2025 EPS estimates for Barrick Gold in a research report issued to clients and investors on Monday, October 20th. Stifel Canada analyst R. Profiti now anticipates that the basic materials company will post earnings of $3.01 per share for the year, up from their previous forecast of $2.86. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

Several other equities analysts also recently commented on ABX. National Bank Financial upgraded shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$39.00 to C$57.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. Stifel Nicolaus upped their price target on shares of Barrick Gold from C$46.00 to C$65.00 in a research note on Monday. Cormark upped their price target on shares of Barrick Gold from C$35.00 to C$45.00 in a research note on Thursday, September 18th. Finally, National Bankshares upped their price target on shares of Barrick Gold from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$46.38.

Barrick Gold Price Performance

TSE:ABX opened at C$44.16 on Wednesday. Barrick Gold has a one year low of C$21.73 and a one year high of C$51.09. The company has a market cap of C$75.34 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.34 and a beta of 1.06. The firm's fifty day moving average price is C$41.80 and its two-hundred day moving average price is C$32.71. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

Insider Activity at Barrick Gold

In other news, insider Rousseau Jooste sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of C$40.70, for a total value of C$122,112.00. Following the completion of the transaction, the insider owned 58,237 shares of the company's stock, valued at approximately C$2,370,478.85. This represents a 4.90% decrease in their ownership of the stock. Also, insider Joel James Holliday sold 13,588 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of C$40.38, for a total transaction of C$548,735.07. Following the completion of the transaction, the insider directly owned 84,087 shares of the company's stock, valued at C$3,395,752.59. This trade represents a 13.91% decrease in their position. Insiders sold a total of 62,990 shares of company stock worth $2,580,075 over the last three months. 0.60% of the stock is owned by insiders.

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.

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