FY2026 EPS Estimates for Barrick Gold Cut by Analyst

Key Points

• Raymond James Financial has lowered Barrick Gold's FY2026 earnings per share estimate from $3.60 to $3.01, while the current consensus estimate is $2.24 per share.
• Despite the earnings downgrade, several analysts, including those from National Bank Financial and BMO Capital Markets, have upgraded their ratings for Barrick Gold, with multiple analysts now issuing Strong Buy recommendations.
• Insider sales have been noted, with two insiders reducing their holdings by a significant percentage, indicating potential concerns within the company, as insiders sold 62,990 shares valued at approximately $2.58 million over the last 90 days.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Investment analysts at Raymond James Financial dropped their FY2026 earnings per share (EPS) estimates for shares of Barrick Gold in a research report issued to clients and investors on Monday, September 22nd. Raymond James Financial analyst B. Macarthur now expects that the basic materials company will earn $3.01 per share for the year, down from their prior estimate of $3.60. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

A number of other research analysts have also recently issued reports on the stock. National Bank Financial raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Cibc World Mkts raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. BMO Capital Markets lifted their target price on shares of Barrick Gold from C$37.00 to C$41.00 in a report on Monday. Cormark upped their price target on Barrick Gold from C$35.00 to C$45.00 in a research note on Thursday, September 18th. Finally, National Bankshares raised Barrick Gold from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$36.00 to C$51.00 in a research report on Monday. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$37.33.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$47.80 on Wednesday. Barrick Gold has a 12 month low of C$21.73 and a 12 month high of C$49.92. The firm has a market capitalization of C$81.55 billion, a P/E ratio of 30.06, a P/E/G ratio of 2.34 and a beta of 0.72. 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 business has a fifty day simple moving average of C$34.99 and a two-hundred day simple moving average of C$29.96.

Insider Transactions at Barrick Gold

In other news, insider Rousseau Jooste sold 3,000 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 58,237 shares in the company, valued at C$2,370,478.85. This trade represents a 4.90% decrease in their position. Also, insider Poupak Bahamin sold 8,402 shares of Barrick Gold stock in a transaction on Thursday, September 18th. The stock was sold at an average price of C$41.21, for a total value of C$346,269.11. Following the completion of the sale, the insider directly owned 29,400 shares of the company's stock, valued at C$1,211,653.38. The trade was a 22.23% decrease in their position. Insiders sold 62,990 shares of company stock valued at $2,580,075 over the last 90 days. 0.60% of the stock is owned by corporate 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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