FY2026 EPS Estimates for Barrick Gold Raised by Analyst

Key Points

• Scotiabank raised Barrick Gold’s FY2026 EPS forecast to $4.99 from $4.71, well above the current consensus estimate of $2.24.
• Analyst sentiment remains positive, with Barrick holding a consensus “Buy” rating and an average price target of C$68.00, despite some firms recently lowering their targets.
• Barrick reported quarterly EPS of C$1.17 on C$6.06 billion in revenue, while its shares opened at C$63.84 and were up 2.4%; insiders have sold about $7.7 million of stock over the past three months.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities researchers at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for Barrick Gold in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $4.99 for the year, up from their previous forecast of $4.71. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

Other analysts have also recently issued reports about the stock. National Bank Financial raised their price target on shares of Barrick Gold from C$67.50 to C$70.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. Barclays upped their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. JPMorgan Chase & Co. cut their target price on shares of Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. Royal Bank Of Canada decreased their target price on shares of Barrick Gold from C$51.00 to C$49.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Finally, ATB Cormark Capital Markets lowered their price target on shares of Barrick Gold from C$60.00 to C$57.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Barrick Gold currently has a consensus rating of "Buy" and an average target price of C$68.00.

Barrick Gold Trading Up 2.4%

Shares of TSE ABX opened at C$63.84 on Friday. Barrick Gold has a one year low of C$34.56 and a one year high of C$74.00. The firm has a market capitalization of C$106.96 billion, a PE ratio of 16.50, a PEG ratio of 2.34 and a beta of 1.60. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15. The business has a 50-day moving average price of C$54.42 and a two-hundred day moving average price of C$57.51.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last issued its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share for the quarter. The business had revenue of C$6.06 billion for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%.

Insider Activity at Barrick Gold

In other Barrick Gold news, Director Robert Ananda Paul Samek acquired 10,000 shares of Barrick Gold stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of C$55.06 per share, with a total value of C$550,600.00. Following the purchase, the director owned 18,900 shares in the company, valued at approximately C$1,040,634. This trade represents a 112.36% increase in their ownership of the stock. Also, Director Mark Francis Hill sold 9,453 shares of the business's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of C$56.85, for a total value of C$537,403.05. Following the completion of the sale, the director directly owned 334,176 shares of the company's stock, valued at C$18,997,905.60. This represents a 2.75% decrease in their position. Insiders sold 134,422 shares of company stock valued at $7,695,879 over the last three months. Insiders own 0.60% of the company's stock.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry - including six of the world's Tier One gold mines -Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.

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