Scotiabank Has Negative View of Barrick Gold FY2026 Earnings

Key Points

• Scotiabank cut its FY2026 EPS estimate for Barrick Gold to $4.49 from $4.66 and forecasted FY2027 EPS of $4.87, while the current consensus full-year estimate sits at $2.24 per share.
• Despite the revision, analyst sentiment remains broadly positive with an average rating of Buy and a consensus price target of C$79.06, with individual targets ranging roughly from C$65 to C$95.
• Recent insider activity was mixed: director Pekka Vauramo bought 12,400 shares at about C$65.41, while insider Graham Shuttleworth sold 100,000 shares at C$64.72, and corporate insiders collectively own about 0.60% of the stock.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Equities research analysts at Scotiabank lowered their FY2026 earnings per share estimates for Barrick Gold in a research note issued to investors on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $4.49 per share for the year, down from their prior estimate of $4.66. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share. Scotiabank also issued estimates for Barrick Gold's FY2027 earnings at $4.87 EPS.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last announced its quarterly earnings data on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share for the quarter. The business had revenue of C$8.01 billion for the quarter. Barrick Gold had a return on equity of 19.79% and a net margin of 29.39%.

A number of other brokerages have also weighed in on ABX. Sanford C. Bernstein increased their price objective on Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. JPMorgan Chase & Co. cut their price objective on Barrick Gold from C$91.00 to C$79.00 in a report on Thursday. ATB Cormark Capital Markets lowered Barrick Gold from a "moderate buy" rating to a "hold" rating and increased their price objective for the company from C$70.00 to C$75.00 in a report on Tuesday, April 7th. DZ Bank raised Barrick Gold to a "strong-buy" rating in a report on Monday, January 19th. Finally, Stifel Nicolaus upped their target price on Barrick Gold from C$65.00 to C$95.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Five investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$79.06.

Barrick Gold Price Performance

Shares of ABX stock opened at C$56.14 on Monday. The stock's 50-day simple moving average is C$59.79 and its 200-day simple moving average is C$58.35. The company has a debt-to-equity ratio of 17.89, a quick ratio of 2.62 and a current ratio of 2.92. The firm has a market capitalization of C$94.06 billion, a PE ratio of 19.16, a P/E/G ratio of 2.34 and a beta of 1.61. Barrick Gold has a fifty-two week low of C$24.29 and a fifty-two week high of C$74.00.

Insider Transactions at Barrick Gold

In other news, insider Graham Patrick Shuttleworth sold 100,000 shares of the company's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the sale, the insider owned 487,252 shares in the company, valued at C$31,534,949.44. This represents a 17.03% decrease in their ownership of the stock. Also, Director Pekka Juhani Vauramo bought 12,400 shares of the stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of C$65.41 per share, for a total transaction of C$811,084.00. Following the purchase, the director directly owned 12,400 shares of the company's stock, valued at approximately C$811,084. The trade was a ∞ increase in their ownership of the stock. 0.60% of the stock is owned by corporate insiders.

About Barrick Gold

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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