Scotiabank Brokers Lift Earnings Estimates for Barrick Gold

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Scotiabank raised their FY2027 EPS estimates for Barrick Gold in a report issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $5.38 for the year, up from their prior forecast of $5.23. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. The company had revenue of C$6.06 billion during the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%.

ABX has been the topic of several other research reports. Canaccord Genuity Group raised their price target on shares of Barrick Gold from C$68.00 to C$73.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. National Bank Financial decreased their price objective on shares of Barrick Gold from C$75.00 to C$72.50 and set an “outperform” rating for the company in a research note on Tuesday, October 20th. Canadian Imperial Bank of Commerce downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 15th. ATB Cormark Capital Markets dropped their price objective on shares of Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 11th. Finally, Citigroup raised shares of Barrick Gold to a “hold” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$66.27.

Barrick Gold Stock Up 0.8%

Shares of TSE:ABX opened at C$56.53 on Friday. The stock has a 50-day simple moving average of C$58.20 and a 200-day simple moving average of C$58.34. The stock has a market capitalization of C$93.04 billion, a P/E ratio of 14.61, a PEG ratio of 2.34 and a beta of 1.86. Barrick Gold has a 1 year low of C$45.28 and a 1 year high of C$74.00. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01.

Insider Buying and Selling at Barrick Gold

In related news, insider Sarah Anna Ball Teslik acquired 12,613 shares of Barrick Gold stock in a transaction on Friday, August 21st. The shares were bought at an average price of C$67.27 per share, for a total transaction of C$848,476.51. Following the completion of the purchase, the insider directly owned 12,613 shares in the company, valued at C$848,476.51. This trade represents a ∞ increase in their position. Also, insider Darian Kevin Rich sold 75,452 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the transaction, the insider owned 235,252 shares in the company, valued at approximately C$15,994,783.48. This represents a 24.28% decrease in their position. 0.60% of the stock is currently owned by corporate insiders.

About Barrick Gold

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.