Scotiabank Has Positive View of Barrick Gold FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Barrick Gold to $4.71 from $4.60, and also projected $5.24 EPS for FY2027. The new forecast remains well above the current consensus estimate of $2.24 per share.
• Barrick Gold recently reported quarterly earnings of C$1.36 per share on C$5.81 billion in revenue, with a 23.58% return on equity and a 32.14% net margin. These results highlight strong profitability in the latest quarter.
• Wall Street sentiment is still broadly positive, with Barrick Gold carrying a consensus Buy rating and a C$73.15 target price. Insider trading was mixed, with one director buying shares while another sold a larger stake.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Investment analysts at Scotiabank lifted their FY2026 earnings per share estimates for shares of Barrick Gold in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $4.71 per share for the year, up from their prior estimate of $4.60. 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 $5.24 EPS.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last released its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. Barrick Gold had a return on equity of 23.58% and a net margin of 32.14%.The company had revenue of C$5.81 billion for the quarter.

Several other research firms have also recently weighed in on ABX. ATB Cormark Capital Markets cut Barrick Gold from a "moderate buy" rating to a "hold" rating and boosted their price target for the stock from C$70.00 to C$75.00 in a report on Tuesday, April 7th. Royal Bank Of Canada reduced their target price on shares of Barrick Gold from C$51.00 to C$49.00 and set an "outperform" rating on the stock in a report on Thursday, July 9th. Sanford C. Bernstein upped their price target on shares of Barrick Gold from C$86.00 to C$91.00 in a research report on Monday, April 20th. Barclays dropped their price target on shares of Barrick Gold from C$56.00 to C$55.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$73.15.

Barrick Gold Price Performance

Barrick Gold stock opened at C$48.94 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 17.29. The company has a market capitalization of C$82.00 billion, a PE ratio of 13.52, a P/E/G ratio of 2.34 and a beta of 1.60. Barrick Gold has a 12 month low of C$28.22 and a 12 month high of C$74.00. The stock has a 50-day moving average price of C$55.66 and a two-hundred day moving average price of C$59.50.

Insider Buying and Selling

In related news, Director Robert Ananda Paul Samek bought 10,000 shares of Barrick Gold stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of C$55.06 per share, for a total transaction of C$550,600.00. Following the completion of the acquisition, the director directly owned 18,900 shares of the company's stock, valued at approximately C$1,040,634. The trade was a 112.36% increase in their position. Also, Director Mark Francis Hill sold 88,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the sale, the director directly owned 380,598 shares of the company's stock, valued at C$22,017,594.30. This represents a 18.78% decrease in their position. Over the last ninety days, insiders sold 134,422 shares of company stock worth $7,695,879. 0.60% of the stock is owned by insiders.

Barrick Gold Company Profile

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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