Barrick Gold FY2025 EPS Forecast Decreased by Scotiabank

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Scotiabank reduced their FY2025 earnings estimates for shares of Barrick Gold in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $1.43 per share for the year, down from their prior estimate of $2.15. Scotiabank has a “Hold” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Scotiabank also issued estimates for Barrick Gold’s FY2026 earnings at $1.50 EPS.

A number of other research firms have also recently issued reports on ABX. Royal Bank of Canada increased their price target on 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. Canaccord Genuity Group reduced their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Stifel Nicolaus reduced their target price on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.55.

Barrick Gold Stock Up 2.1 %

Shares of Barrick Gold stock opened at C$27.64 on Monday. The stock’s 50-day moving average is C$25.31 and its 200 day moving average is C$25.39. Barrick Gold has a one year low of C$21.09 and a one year high of C$29.50. The firm has a market cap of C$33.59 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

Insider Activity

In other news, Director Dennis Mark Bristow acquired 230,872 shares of Barrick Gold stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of Barrick Gold stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. Corporate insiders own 0.60% of the company’s stock.

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.