FY2025 EPS Estimates for Barrick Gold Raised by Scotiabank

Key Points

• Scotiabank has raised its FY2025 earnings per share (EPS) estimate for Barrick Gold to $2.92, significantly higher than the previous forecast of $2.07.
• Several analysts have upgraded their ratings and price targets for Barrick Gold stock, with Cormark increasing its price objective from C$35.00 to C$45.00.
• Insider trading activity includes significant sales, with insiders Rousseau Jooste and Grant Bill Beringer selling a combined total of 41,000 shares in September.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Investment analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for Barrick Gold in a report issued on Wednesday, September 24th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will earn $2.92 per share for the year, up from their prior forecast of $2.07. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Scotiabank also issued estimates for Barrick Gold's FY2026 earnings at $2.93 EPS.

A number of other analysts have also weighed in on the stock. Cormark increased their price objective on shares of Barrick Gold from C$35.00 to C$45.00 in a research note on Thursday, September 18th. National Bank Financial raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Cibc World Mkts upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. National Bankshares upgraded Barrick Gold from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$36.00 to C$51.00 in a research note on Monday, September 22nd. Finally, BMO Capital Markets raised their target price on Barrick Gold from C$37.00 to C$41.00 in a report on Monday, September 22nd. Four analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$37.33.

Barrick Gold Stock Performance

ABX opened at C$48.06 on Monday. 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 12-month low of C$21.73 and a 12-month high of C$49.92. The firm has a 50 day moving average of C$36.12 and a two-hundred day moving average of C$30.43. The firm has a market capitalization of C$81.99 billion, a PE ratio of 30.23, a P/E/G ratio of 2.34 and a beta of 0.72.

Insiders Place Their Bets

In other news, insider Rousseau Jooste sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of C$40.70, for a total value of C$122,112.00. Following the completion of the sale, the insider directly owned 58,237 shares in the company, valued at C$2,370,478.85. The trade was a 4.90% decrease in their ownership of the stock. Also, insider Grant Bill Beringer sold 38,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$41.13, for a total value of C$1,562,959.00. Following the transaction, the insider directly owned 107,047 shares of the company's stock, valued at approximately C$4,402,896.63. The trade was a 26.20% decrease in their ownership of the stock. Over the last quarter, insiders sold 62,990 shares of company stock worth $2,580,075. 0.60% of the stock is owned by company insiders.

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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