Barrick Gold Stock Gets Higher EPS Estimate from Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for Barrick Gold to $5.38 per share from $4.99; the article cites a $2.24 consensus estimate for the current full year.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” average rating and a C$66.27 average target price, with two Strong Buy, eight Buy, and five Hold ratings.
• Two company insiders reported sizable share sales: insider Darian Kevin Rich sold 75,452 shares, and director Mark Francis Hill sold 174,778 shares.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Investment analysts at Scotiabank lifted their FY2026 earnings per share estimates for Barrick Gold in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings of $5.38 per share for the year, up from their previous forecast of $4.99. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

ABX has been the subject of a number of other research reports. Raymond James Financial cut their target price on shares of Barrick Gold from C$58.00 to C$56.00 and set an "outperform" rating for the company in a research report on Tuesday, August 11th. TD lowered their price target on shares of Barrick Gold from C$59.00 to C$58.00 and set a "buy" rating on the stock in a research report on Tuesday, October 20th. Canadian Imperial Bank of Commerce lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 15th. Citigroup upgraded shares of Barrick Gold to a "hold" rating in a research note on Thursday, September 3rd. Finally, Stifel Nicolaus cut their price objective on shares of Barrick Gold from C$90.00 to C$84.00 and set a "buy" rating for the company in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$66.27.

Barrick Gold Trading Up 8.0%

Shares of Barrick Gold stock opened at C$56.07 on Thursday. The stock has a market capitalization of C$92.28 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.34 and a beta of 1.63. Barrick Gold has a 52-week low of C$45.28 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 stock's 50-day simple moving average is C$58.37 and its 200 day simple moving average is C$58.40.

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

Insider Activity at Barrick Gold

In related news, insider Darian Kevin Rich sold 75,452 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$67.99, for a total transaction of C$5,129,981.48. Following the sale, the insider owned 235,252 shares of the company's stock, valued at approximately C$15,994,783.48. This represents a 24.28% decrease in their position. Also, Director Mark Francis Hill sold 174,778 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of C$59.47, for a total value of C$10,394,047.66. Following the sale, the director directly owned 125,914 shares in the company, valued at C$7,488,105.58. This trade represents a 58.13% decrease in their position. 0.60% of the stock is currently owned by corporate insiders.

About Barrick Gold

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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