Cormark Has Bullish Forecast for Barrick Gold Q1 Earnings

Barrick Gold Co. (TSE:ABX - Free Report) NYSE: ABX - Cormark upped their Q1 2025 earnings estimates for Barrick Gold in a research report issued to clients and investors on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.42 per share for the quarter, up from their prior estimate of $0.37. The consensus estimate for Barrick Gold's current full-year earnings is $2.24 per share.

ABX has been the subject of a number of other research reports. Sanford C. Bernstein upped their target price on Barrick Gold from C$40.00 to C$45.00 in a report on Friday, April 4th. Scotiabank downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Royal Bank of Canada boosted their target price on shares of Barrick Gold to C$19.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, BMO Capital Markets upgraded Barrick Gold to a "hold" rating in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Barrick Gold has an average rating of "Moderate Buy" and a consensus price target of C$33.89.

Barrick Gold Price Performance

Barrick Gold stock traded down C$0.37 during mid-day trading on Thursday, reaching C$26.29. The company had a trading volume of 1,184,388 shares, compared to its average volume of 3,586,359. The business has a fifty day simple moving average of C$26.91 and a 200 day simple moving average of C$25.39. The company has a market cap of C$31.95 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold has a fifty-two week low of C$21.73 and a fifty-two week high of C$29.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Insider Activity at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow bought 230,872 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of C$25.71 per share, for a total transaction of C$5,936,042.34. Also, Senior Officer Henri Louis Gonin sold 1,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$27.72, for a total transaction of C$27,720.55. 0.60% of the stock is owned by insiders.

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.