Raymond James Forecasts Reduced Earnings for Barrick Gold

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at Raymond James cut their FY2025 earnings per share (EPS) estimates for Barrick Gold in a report released on Wednesday, February 12th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $1.59 per share for the year, down from their prior forecast of $1.92. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold’s Q4 2025 earnings at $0.54 EPS.

A number of other brokerages have also recently issued reports on ABX. Stifel Nicolaus cut their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Canaccord Genuity Group cut their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. TD Cowen reissued a “buy” rating and issued a C$36.00 price target on shares of Barrick Gold in a research note on Tuesday, January 14th. Finally, Sanford C. Bernstein cut their price objective on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$30.73.

Barrick Gold Price Performance

ABX opened at C$26.06 on Monday. Barrick Gold has a 12-month low of C$19.37 and a 12-month 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. The stock has a 50-day moving average price of C$23.35 and a 200-day moving average price of C$25.22. The stock has a market capitalization of C$31.67 billion, a P/E ratio of 19.62, a PEG ratio of 2.34 and a beta of 0.48.

Insider Activity at Barrick Gold

In related news, Senior Officer Poupak Bahamin bought 5,778 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were acquired at an average cost of C$25.03 per share, with a total value of C$144,645.87. Also, Director Dennis Mark Bristow purchased 85,296 shares of Barrick Gold stock in a transaction dated Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is owned by corporate insiders.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.