Cormark Comments on Barrick Gold’s FY2025 Earnings (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Cormark increased their FY2025 earnings per share estimates for shares of Barrick Gold in a note issued to investors on Tuesday, November 11th. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $3.29 per share for the year, up from their previous forecast of $2.61. Cormark has a “Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold’s Q4 2025 earnings at $1.36 EPS, FY2026 earnings at $5.54 EPS and FY2027 earnings at $6.15 EPS.

A number of other brokerages have also weighed in on ABX. National Bank Financial raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. National Bankshares increased their price objective on Barrick Gold from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Canaccord Genuity Group lifted their target price on Barrick Gold from C$39.00 to C$57.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. BMO Capital Markets increased their price target on shares of Barrick Gold from C$37.00 to C$41.00 in a report on Monday, September 22nd. Finally, Stifel Nicolaus lifted their price objective on shares of Barrick Gold from C$46.00 to C$65.00 in a research note on Monday, October 20th. Five analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Barrick Gold presently has a consensus rating of “Buy” and an average target price of C$46.38.

Barrick Gold Trading Up 4.3%

Shares of Barrick Gold stock opened at C$52.32 on Thursday. The firm’s 50 day simple moving average is C$45.31 and its two-hundred day simple moving average is C$34.90. The firm has a market capitalization of C$89.26 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.34 and a beta of 1.18. Barrick Gold has a 12-month low of C$21.73 and a 12-month high of C$52.62. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.76 earnings per share (EPS) for the quarter. The firm had revenue of C$5.78 billion for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%.

Insider Activity

In other Barrick Gold news, insider Rousseau Jooste sold 3,000 shares of the 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 transaction, the insider owned 58,237 shares in the company, valued at approximately C$2,370,478.85. This represents a 4.90% decrease in their ownership of the stock. Also, insider Joel James Holliday sold 13,588 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$40.38, for a total value of C$548,735.07. Following the completion of the sale, the insider directly owned 84,087 shares in the company, valued at approximately C$3,395,752.59. The trade was a 13.91% decrease in their ownership of the stock. In the last 90 days, insiders have sold 62,990 shares of company stock valued at $2,580,075. 0.60% of the stock is currently owned by company insiders.

Barrick Gold Company Profile

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.