Stifel Canada Forecasts Increased Earnings for Barrick Gold

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities research analysts at Stifel Canada upped their FY2025 earnings per share estimates for Barrick Gold in a report issued on Monday, June 16th. Stifel Canada analyst R. Profiti now anticipates that the basic materials company will post earnings of $2.60 per share for the year, up from their prior estimate of $2.15. Stifel Canada has a "Strong-Buy" rating on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Stifel Canada also issued estimates for Barrick Gold's Q3 2026 earnings at $0.74 EPS, Q4 2026 earnings at $0.74 EPS, FY2026 earnings at $2.95 EPS, FY2027 earnings at $3.14 EPS and FY2028 earnings at $3.60 EPS.

Other equities analysts also recently issued research reports about the stock. UBS Group upgraded shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Stifel Nicolaus increased their target price on shares of Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a report on Monday, April 21st. National Bankshares lifted their price target on shares of Barrick Gold from C$27.00 to C$33.00 and gave the company a "sector perform" rating in a research report on Wednesday, March 19th. National Bank Financial raised Barrick Gold to a "hold" rating in a research note on Friday, March 21st. Finally, Sanford C. Bernstein decreased their price objective on Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of "Moderate Buy" and a consensus price target of C$33.67.

Barrick Gold Stock Performance

Shares of Barrick Gold stock traded up C$0.02 during trading hours on Thursday, hitting C$28.79. 7,545,964 shares of the company were exchanged, compared to its average volume of 3,718,922. The business has a 50-day moving average of C$26.96 and a 200-day moving average of C$25.57. The stock has a market capitalization of C$34.99 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 2.34 and a beta of 0.48. 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 1 year low of C$21.73 and a 1 year high of C$29.50.

Insider Transactions at Barrick Gold

In other news, Senior Officer Henri Louis Gonin sold 1,000 shares of Barrick Gold stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total value of C$27,720.55. 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.