Barrick Gold (TSE:ABX) Given New C$45.00 Price Target at Cormark

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 raised by Cormark from C$35.00 to C$45.00 in a research report report published on Thursday morning,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.

A number of other analysts have also issued reports on the company. BMO Capital Markets increased their target price on Barrick Gold from C$31.00 to C$37.00 in a report on Friday, September 12th. Cibc World Mkts raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Barrick Gold currently has an average rating of "Moderate Buy" and a consensus target price of C$34.89.

Barrick Gold Trading Up 9.7%

Shares of TSE:ABX traded up C$4.03 during mid-day trading on Thursday, hitting C$45.55. The stock had a trading volume of 14,916,634 shares, compared to its average volume of 4,045,479. The company's 50 day moving average is C$34.21 and its 200-day moving average is C$29.68. Barrick Gold has a 12-month low of C$21.73 and a 12-month high of C$45.74. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The company has a market cap of C$77.71 billion, a PE ratio of 28.65, a P/E/G ratio of 2.34 and a beta of 0.72.

Insider Transactions at Barrick Gold

In other Barrick Gold news, insider Rousseau Jooste sold 3,000 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of C$40.70, for a total value of C$122,112.00. Following the transaction, the insider directly owned 58,237 shares of the company's stock, valued at C$2,370,478.85. This represents a 4.90% decrease in their position. Also, insider Grant Bill Beringer sold 38,000 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 107,047 shares of the company's stock, valued at C$4,402,896.63. This trade represents a 26.20% decrease in their ownership of the stock. Insiders have sold a total of 62,990 shares of company stock valued at $2,580,075 in the last three months. 0.60% of the stock is currently owned by 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.