FY2026 EPS Estimate for Barrick Gold Boosted by Analyst

Key Points

• National Bank Financial has increased its FY2026 earnings per share estimate for Barrick Gold to $3.89, up from the previous prediction of $3.38.
• Barrick Gold's stock ratings have been upgraded multiple times recently, with several analysts giving it a "Strong-Buy" rating and adjusting price targets significantly higher.
• Insider activity has been observed with key individuals selling shares, indicating potential shifts in confidence, as one insider decreased their position by 22.23%.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Investment analysts at National Bank Financial raised their FY2026 earnings per share estimates for shares of Barrick Gold in a research report issued to clients and investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings per share of $3.89 for the year, up from their previous forecast of $3.38. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

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

Barrick Gold Trading Up 2.4%

TSE ABX opened at C$47.81 on Friday. Barrick Gold has a 12 month low of C$21.73 and a 12 month high of C$49.92. The stock has a 50-day simple moving average of C$35.72 and a 200 day simple moving average of C$30.23. 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 company has a market capitalization of C$81.56 billion, a PE ratio of 30.07, a P/E/G ratio of 2.34 and a beta of 0.72.

Insider Activity at Barrick Gold

In related news, insider Poupak Bahamin sold 8,402 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of C$41.21, for a total value of C$346,269.11. Following the completion of the transaction, the insider directly owned 29,400 shares of the company's stock, valued at approximately C$1,211,653.38. This represents a 22.23% decrease in their position. Also, insider Rousseau Jooste sold 3,000 shares of Barrick Gold stock in a transaction dated Wednesday, September 17th. The shares were 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. This represents a 4.90% decrease in their position. Over the last 90 days, insiders sold 62,990 shares of company stock valued at $2,580,075. 0.60% of the stock is owned by insiders.

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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