Stifel Canada Has Negative View of Barrick Gold Q2 Earnings

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities research analysts at Stifel Canada cut their Q2 2025 earnings per share estimates for shares of Barrick Gold in a report released on Monday, July 21st. Stifel Canada analyst R. Profiti now anticipates that the basic materials company will earn $0.63 per share for the quarter, down from their prior estimate of $0.69. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Stifel Canada also issued estimates for Barrick Gold's FY2025 earnings at $2.71 EPS.

A number of other research analysts also recently weighed in on ABX. Stifel Nicolaus upped their price target on Barrick Gold from C$34.00 to C$37.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. BMO Capital Markets raised Barrick Gold to a "hold" rating in a research note on Tuesday, April 15th. Finally, Sanford C. Bernstein lowered their price objective 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. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$33.14.

Barrick Gold Stock Up 1.6%

ABX stock traded up C$0.46 during trading on Wednesday, reaching C$29.84. 3,339,000 shares of the stock were exchanged, compared to its average volume of 3,631,362. The firm's 50 day moving average is C$28.11 and its 200 day moving average is C$26.57. Barrick Gold has a twelve month low of C$21.73 and a twelve month high of C$29.98. 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 firm has a market cap of C$36.27 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

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.