Cormark Has Bullish Estimate for Barrick Gold Q2 Earnings

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Cormark upped their Q2 2025 earnings estimates for Barrick Gold in a research note issued to investors on Thursday, May 8th. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.71 per share for the quarter, up from their previous forecast of $0.67. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold's Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.80 EPS and FY2025 earnings at $2.73 EPS.

Several other brokerages have also weighed in on ABX. Royal Bank of Canada increased their price objective on shares of Barrick Gold to C$19.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Sanford C. Bernstein cut their price objective on shares of Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus increased their price objective 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. Canaccord Genuity Group lowered their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Finally, National Bank Financial raised shares of Barrick Gold to a "hold" rating in a research note on Friday, March 21st. Five research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$33.67.

Barrick Gold Trading Up 3.1%

Shares of TSE ABX opened at C$27.09 on Monday. The company's 50 day simple moving average is C$26.95 and its 200 day simple moving average is C$25.29. Barrick Gold has a fifty-two week low of C$21.73 and a fifty-two week high of C$29.50. The firm has a market capitalization of C$32.93 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

Insider Buying and Selling at Barrick Gold

In other news, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total transaction of C$457,781.77. Also, Director Dennis Mark Bristow acquired 230,872 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. 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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