FY2027 EPS Estimates for Barrick Gold Boosted 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 research analysts at National Bank Financial raised 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 forecasts that the basic materials company will post earnings of $3.26 per share for the year, up from their previous estimate of $2.76. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

Several other equities analysts have also recently commented on the stock. Sanford C. Bernstein dropped their target price on shares of Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus boosted their target price 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, Cibc World Mkts upgraded shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock presently 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$0.31 during midday trading on Thursday, hitting C$32.53. The stock had a trading volume of 502,037 shares, compared to its average volume of 3,670,151. The company's 50-day moving average price is C$29.23 and its 200-day moving average price is C$27.28. The company has a market capitalization of C$39.54 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. Barrick Gold has a fifty-two week low of C$21.73 and a fifty-two week high of C$33.23.

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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