FY2025 EPS Estimates for Barrick Gold Boosted by Analyst

Key Points

• National Bank Financial raised its FY2025 EPS estimate for Barrick Gold to $2.73, an increase from the prior estimate of $2.67, while the consensus estimate for the current year is $2.24 per share.
• CIBC World Markets upgraded Barrick Gold from a "hold" to a "strong-buy" rating, reflecting a positive outlook on the company's stock.
• Barrick Gold's stock opened at C$32.39 and has a current market cap of C$39.37 billion, indicating a strong presence in the gold production industry.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Investment analysts at National Bank Financial lifted their FY2025 earnings estimates for shares of Barrick Gold in a report issued on Monday, August 11th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $2.73 for the year, up from their prior forecast of $2.67. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. National Bank Financial also issued estimates for Barrick Gold's FY2026 earnings at $3.38 EPS.

Several other analysts have also commented on ABX. Cibc World Mkts raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Sanford C. Bernstein reduced their price target on shares of Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. BMO Capital Markets raised shares of Barrick Gold to a "hold" rating in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus lifted their price target on shares of Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of "Buy" and a consensus price target of C$33.14.

Barrick Gold Stock Up 3.0%

ABX stock opened at C$32.39 on Wednesday. The firm has a market cap of C$39.37 billion, a PE ratio of 24.39, a PEG ratio of 2.34 and a beta of 0.48. 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 firm's 50 day moving average price is C$29.13 and its 200-day moving average price is C$27.24. Barrick Gold has a one year low of C$21.73 and a one year high of C$32.49.

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.

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