Barrick Gold FY2027 EPS Forecast Decreased by Scotiabank

Key Points

• Scotiabank lowered Barrick Gold’s FY2027 EPS forecast to $5.23 from $5.24, while the current full-year consensus estimate stands at $2.24 per share.
• Barrick reported quarterly EPS of C$1.17 on revenue of C$6.06 billion, with a 31.60% net margin and 24.57% return on equity.
• Analyst sentiment remains positive, with an average “Buy” rating and a consensus price target of C$68.00, although recent targets ranged from C$41 to C$70 and insiders have been net sellers over the past 90 days.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Analysts at Scotiabank cut their FY2027 EPS estimates for Barrick Gold in a note issued to investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $5.23 for the year, down from their previous forecast of $5.24. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last released its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. The business had revenue of C$6.06 billion for the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%.

Other analysts also recently issued reports about the stock. National Bank Financial boosted their target price on shares of Barrick Gold from C$67.50 to C$70.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Barclays raised their target price on Barrick Gold from C$55.00 to C$58.00 in a research report on Thursday, August 13th. Raymond James Financial lowered their price target on Barrick Gold from C$58.00 to C$56.00 and set an "outperform" rating on the stock in a report on Tuesday, August 11th. ATB Cormark Capital Markets dropped their price target on Barrick Gold from C$60.00 to C$57.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 11th. Finally, Citigroup reduced their price objective on Barrick Gold from C$48.00 to C$41.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Barrick Gold has an average rating of "Buy" and a consensus target price of C$68.00.

Barrick Gold Stock Performance

Barrick Gold stock opened at C$65.56 on Monday. Barrick Gold has a 52 week low of C$35.26 and a 52 week high of C$74.00. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01. The firm has a market capitalization of C$109.85 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.34 and a beta of 1.60. The company has a 50 day moving average price of C$54.61 and a 200 day moving average price of C$57.53.

Insider Buying and Selling

In related news, Director Robert Ananda Paul Samek bought 10,000 shares of the business's stock in a transaction on Friday, June 5th. The stock was bought at an average price of C$55.06 per share, for a total transaction of C$550,600.00. Following the transaction, the director directly owned 18,900 shares in the company, valued at C$1,040,634. This represents a 112.36% increase in their ownership of the stock. Also, Director Mark Francis Hill sold 88,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the completion of the sale, the director owned 380,598 shares of the company's stock, valued at approximately C$22,017,594.30. The trade was a 18.78% decrease in their position. Insiders have sold 134,422 shares of company stock worth $7,695,879 over the last ninety days. 0.60% of the stock is currently owned by insiders.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry - including six of the world's Tier One gold mines -Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.

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