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 - Equities research analysts at National Bank Financial increased their FY2025 earnings per share 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 earn $2.73 per share for the year, up from their previous estimate 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.

ABX has been the subject of several other research reports. Cibc World Mkts upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Sanford C. Bernstein cut their target price on Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus raised their target price on Barrick Gold from C$34.00 to C$37.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$33.14.

Barrick Gold Stock Performance

Shares of ABX stock traded up C$0.19 on Wednesday, hitting C$33.50. 3,442,891 shares of the stock were exchanged, compared to its average volume of 3,726,199. Barrick Gold has a one year low of C$21.73 and a one year high of C$33.74. The firm's 50 day moving average is C$29.46 and its two-hundred day moving average is C$27.47. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The firm has a market capitalization of C$40.72 billion, a PE ratio of 25.22, a P/E/G ratio of 2.34 and a beta of 0.48.

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.