Analysts Set Expectations for Barrick Gold FY2025 Earnings

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Research analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Barrick Gold in a report issued on Wednesday, May 7th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $2.45 per share for the year, up from their prior forecast of $2.35. National Bank Financial has a "Hold" rating on the stock. 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 $3.21 EPS.

Several other brokerages also recently weighed in on ABX. 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 research report on Friday, May 2nd. Royal Bank of Canada lifted their price objective on shares of Barrick Gold to C$19.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets raised shares of Barrick Gold to a "hold" rating in a research note on Tuesday, April 15th. Finally, Scotiabank cut shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$33.67.

Barrick Gold Stock Performance

TSE:ABX traded down C$0.65 during mid-day trading on Monday, hitting C$24.63. The stock had a trading volume of 3,596,080 shares, compared to its average volume of 3,681,351. The stock has a market capitalization of C$29.94 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a 50 day simple moving average of C$26.91 and a 200-day simple moving average of C$25.24. Barrick Gold has a 52 week low of C$21.73 and a 52 week high of C$29.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Insider Transactions at Barrick Gold

In other news, Senior Officer Henri Louis Gonin sold 1,000 shares of Barrick Gold stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$27.72, for a total value of C$27,720.55. Also, Director Dennis Mark Bristow bought 230,872 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of C$25.71 per share, for a total transaction of C$5,936,042.34. Corporate insiders own 0.60% of the company's stock.

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.