Barrick Gold (TSE:ABX) Price Target Raised to C$45.00

Key Points

• Cormark has raised its price target for Barrick Gold from C$35.00 to C$45.00, suggesting a potential upside of 9.14% from the current price.
• Several analysts have upgraded their ratings on Barrick Gold, with Cibc World Markets moving from "hold" to a "strong-buy" rating.
• Barrick Gold's stock is currently trading at C$41.23, and the company has a market capitalization of C$70.34 billion.

Barrick Gold (TSE:ABX - Free Report) NYSE: ABX had its price target boosted by Cormark from C$35.00 to C$45.00 in a research report released on Thursday,BayStreet.CA reports. Cormark also issued estimates for Barrick Gold's Q4 2025 earnings at $0.76 EPS, FY2026 earnings at $2.64 EPS and FY2027 earnings at $3.13 EPS.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Barrick Gold from C$31.00 to C$37.00 in a report on Friday, September 12th. Cibc World Mkts upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of "Buy" and a consensus target price of C$37.33.

Barrick Gold Price Performance

Shares of ABX stock traded up C$3.39 during trading hours on Thursday, hitting C$48.94. 11,596,207 shares of the company's stock were exchanged, compared to its average volume of 4,086,967. The company has a market capitalization of C$83.49 billion, a PE ratio of 30.78, a PEG ratio of 2.34 and a beta of 0.72. Barrick Gold has a 12-month low of C$21.73 and a 12-month high of C$49.33. The business's 50 day simple moving average is C$34.21 and its 200-day simple moving average is C$29.68. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Insiders Place Their Bets

In other Barrick Gold news, insider Joel James Holliday sold 13,588 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of C$40.38, for a total value of C$548,735.07. Following the sale, the insider owned 84,087 shares in the company, valued at C$3,395,752.59. This trade represents a 13.91% decrease in their ownership of the stock. Also, insider Grant Bill Beringer sold 38,000 shares of the 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 owned 107,047 shares in the company, valued at approximately C$4,402,896.63. The trade was a 26.20% decrease in their position. In the last ninety days, insiders have sold 62,990 shares of company stock worth $2,580,075. 0.60% of the stock is currently owned by company insiders.

Barrick Gold Company Profile

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.