Barrick Gold FY2025 EPS Forecast Raised by Stifel Canada

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Stifel Canada raised their FY2025 earnings per share estimates for Barrick Gold in a research note issued on Monday, November 10th. Stifel Canada analyst R. Profiti now forecasts that the basic materials company will post earnings per share of $3.07 for the year, up from their previous estimate of $3.01. 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 FY2027 earnings at $5.31 EPS.

Other research analysts have also issued research reports about the stock. Cormark raised shares of Barrick Gold from a “market perform” rating to a “buy” rating in a research note on Tuesday. Canaccord Genuity Group raised their price target on Barrick Gold from C$39.00 to C$57.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Scotiabank upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Cibc World Mkts raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, Stifel Nicolaus lifted their target price on shares of Barrick Gold from C$46.00 to C$65.00 in a report on Monday, October 20th. Five investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$46.38.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$50.18 on Wednesday. The firm has a market cap of C$85.61 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. Barrick Gold has a 52 week low of C$21.73 and a 52 week high of C$51.09. The business’s fifty day simple moving average is C$45.01 and its 200-day simple moving average is C$34.78.

Insider Transactions at Barrick Gold

In related news, insider Rousseau Jooste sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of C$40.70, for a total value of C$122,112.00. Following the sale, the insider directly owned 58,237 shares in the company, valued at C$2,370,478.85. The trade was 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 stock was sold at an average price of C$41.13, for a total value of C$1,562,959.00. Following the transaction, the insider owned 107,047 shares of the company’s stock, valued at C$4,402,896.63. This represents a 26.20% decrease in their ownership of the stock. In the last three months, insiders have sold 62,990 shares of company stock worth $2,580,075. Corporate 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.