Stifel Canada Increases Earnings Estimates for Barrick Gold

Key Points

• Stifel Canada has raised its FY2025 earnings per share estimate for Barrick Gold from $2.71 to $2.86, indicating an optimistic outlook for the company.
• Shares of Barrick Gold have increased by 7.4%, reaching a price of C$48.94, with a target price consensus of C$37.33 from various analysts.
• Insider selling activity has been noted, with significant sales by two insiders, indicating a decrease in their ownership positions despite the stock's rise.

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Stock analysts at Stifel Canada boosted their FY2025 earnings per share (EPS) estimates for Barrick Gold in a research report issued to clients and investors on Sunday, September 21st. Stifel Canada analyst R. Profiti now forecasts that the basic materials company will earn $2.86 per share for the year, up from their prior forecast of $2.71. 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 Q4 2025 earnings at $0.84 EPS, Q1 2026 earnings at $0.77 EPS, Q2 2026 earnings at $0.77 EPS, Q3 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.79 EPS and FY2029 earnings at $3.93 EPS.

Several other analysts have also commented on ABX. National Bankshares upgraded shares of Barrick Gold from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$36.00 to C$51.00 in a report on Monday. National Bank Financial upgraded shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Friday. Cibc World Mkts raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. BMO Capital Markets raised their price target on shares of Barrick Gold from C$37.00 to C$41.00 in a report on Monday. Finally, Cormark lifted their price objective on Barrick Gold from C$35.00 to C$45.00 in a report on Thursday, September 18th. Four investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$37.33.

Barrick Gold Stock Up 7.4%

Shares of Barrick Gold stock opened at C$48.94 on Tuesday. The company's fifty day simple moving average is C$34.61 and its two-hundred day simple moving average is C$29.84. Barrick Gold has a 12-month low of C$21.73 and a 12-month high of C$49.33. 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 company has a market cap of C$83.49 billion, a P/E ratio of 30.78, a PEG ratio of 2.34 and a beta of 0.72.

Insiders Place Their Bets

In related news, insider Rousseau Jooste sold 3,000 shares of Barrick Gold stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the sale, the insider owned 58,237 shares of the company's stock, valued at approximately C$2,370,478.85. This trade represents a 4.90% decrease in their position. Also, insider Grant Bill Beringer sold 38,000 shares of Barrick Gold stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$41.13, for a total transaction of C$1,562,959.00. Following the sale, the insider owned 107,047 shares in the company, valued at approximately C$4,402,896.63. The trade was a 26.20% decrease in their position. Over the last three months, insiders have sold 62,990 shares of company stock worth $2,580,075. Company insiders own 0.60% of the company's stock.

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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