Cormark Comments on Barrick Gold's FY2027 Earnings (TSE:ABX)

Key Points

• Cormark analysts predict that Barrick Gold will achieve an EPS of $3.23 for FY2027, up from the current consensus estimate of $2.24 per share.
• Several firms have revised their ratings and price targets for Barrick Gold, with Stifel Nicolaus upgrading it to a "buy" and raising the target price to C$37.00.
• As of the latest trading, Barrick Gold shares increased by 1.5%, with a current market cap of C$39.95 billion and a price-to-earnings ratio of 24.75.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Research analysts at Cormark issued their FY2027 EPS estimates for shares of Barrick Gold in a report released on Tuesday, August 12th. Cormark analyst R. Gray expects that the basic materials company will post earnings of $3.23 per share for the year. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

ABX has been the topic of a number of other reports. Cibc World Mkts raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Stifel Nicolaus increased their price target on shares of Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Sanford C. Bernstein dropped their price target on Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Barrick Gold currently has a consensus rating of "Buy" and a consensus target price of C$33.14.

Barrick Gold Stock Up 0.6%

ABX traded up C$0.19 during mid-day trading on Wednesday, reaching C$33.50. 3,442,891 shares of the stock were exchanged, compared to its average volume of 3,726,199. The company has a 50 day moving average price of C$29.46 and a two-hundred day moving average price of C$27.47. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The stock has a market capitalization of C$40.72 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold has a 1 year low of C$21.73 and a 1 year high of C$33.74.

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.