Barrick Gold FY2025 EPS Lifted by National Bank Financial

Key Points

• National Bank Financial raised its FY2025 earnings per share estimate for Barrick Gold to $2.84, up from $2.73, maintaining a “Strong-Buy” rating on the stock.
• Several analysts have upgraded Barrick Gold's ratings and increased price targets, with one raising it from C$36.00 to C$51.00.
• Insider trading activity shows significant share sales, including 38,000 shares sold by insider Grant Bill Beringer, indicating a 26.20% decrease in his position.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Stock analysts at National Bank Financial increased their FY2025 earnings per share estimates for shares of Barrick Gold in a research note issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will earn $2.84 per share for the year, up from their previous estimate of $2.73. National Bank Financial 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 equities analysts have also recently issued reports about the company. National Bankshares raised Barrick Gold from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$36.00 to C$51.00 in a report on Monday. Cibc World Mkts raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. BMO Capital Markets increased their price target on Barrick Gold from C$37.00 to C$41.00 in a report on Monday. Finally, Cormark increased their price target on Barrick Gold from C$35.00 to C$45.00 in a report 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$37.33.

Barrick Gold Stock Performance

ABX stock opened at C$46.70 on Thursday. The stock's 50 day simple moving average is C$35.34 and its 200 day simple moving average is C$30.08. The stock has a market capitalization of C$79.67 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. Barrick Gold has a 12-month low of C$21.73 and a 12-month high of C$49.92.

Insider Buying and Selling

In other news, insider Grant Bill Beringer sold 38,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of C$41.13, for a total value of C$1,562,959.00. Following the completion of the sale, the insider directly owned 107,047 shares in the company, valued at C$4,402,896.63. This represents a 26.20% decrease in their position. Also, insider Poupak Bahamin sold 8,402 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of C$41.21, for a total value of C$346,269.11. Following the completion of the sale, the insider owned 29,400 shares of the company's stock, valued at C$1,211,653.38. This trade represents a 22.23% 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.

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