Stifel Canada Weighs in on Barrick Gold FY2028 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at Stifel Canada issued their FY2028 earnings per share estimates for shares of Barrick Gold in a research report issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti anticipates that the basic materials company will post earnings per share of $2.06 for the year. Stifel Canada has a “Strong-Buy” rating on the stock. 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 reports. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Stifel Nicolaus reduced their price objective on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. TD Cowen reissued a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a research note on Tuesday, January 14th. Finally, Canaccord Genuity Group decreased their target price on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$31.55.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$27.81 on Thursday. The stock has a fifty day moving average price of C$24.93 and a two-hundred day moving average price of C$25.41. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The firm has a market cap of C$33.80 billion, a P/E ratio of 20.94, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a 1 year low of C$20.65 and a 1 year high of C$29.50.

Insider Buying and Selling

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 17,633 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. Also, Director Dennis Mark Bristow bought 230,872 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. 0.60% of the stock is owned by corporate 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.