FY2027 EPS Estimates for Barrick Gold Lifted by Analyst

Key Points

• Analysts at National Bank Financial increased Barrick Gold's FY2027 EPS estimate from $2.76 to $3.26, reflecting positive sentiment toward the company's growth.
• The stock has a current average rating of "Buy" with a consensus price target of C$33.14, indicating strong investor interest and confidence.
• Barrick Gold's share price recently traded at C$32.53, positioning it near its fifty-two week high of C$33.23.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities researchers at National Bank Financial upped their FY2027 EPS estimates for shares of Barrick Gold in a note issued to investors on Monday, August 11th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $3.26 for the year, up from their prior forecast of $2.76. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

Other research analysts have also issued research reports about the company. Cibc World Mkts upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. Sanford C. Bernstein decreased their target price on 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. Finally, Stifel Nicolaus increased their target price on 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. Four analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$33.14.

Barrick Gold Price Performance

Shares of TSE:ABX traded down C$0.26 during midday trading on Thursday, reaching C$33.24. 1,442,314 shares of the company's stock traded hands, compared to its average volume of 3,711,211. Barrick Gold has a 1 year low of C$21.73 and a 1 year high of C$33.88. The company has a market cap of C$40.40 billion, a P/E ratio of 25.03, a PEG ratio of 2.34 and a beta of 0.48. 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 company has a fifty day simple moving average of C$29.58 and a two-hundred day simple moving average of C$27.54.

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.