FY2027 EPS Estimates for Barrick Gold Lowered by Analyst

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at Scotiabank cut their FY2027 earnings estimates for shares of Barrick Gold in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings of $5.23 per share for the year, down from their prior forecast of $5.24. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

ABX has been the subject of several other reports. Barclays raised their target price on Barrick Gold from C$55.00 to C$58.00 in a research report on Thursday, August 13th. Citigroup reduced their price target on Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. ATB Cormark Capital Markets decreased their price target on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. National Bank Financial lifted their price objective on Barrick Gold from C$67.50 to C$70.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Finally, Raymond James Financial cut their price objective on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$68.00.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$66.63 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 17.15. Barrick Gold has a twelve month low of C$35.97 and a twelve month high of C$74.00. The stock has a market cap of C$111.64 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 2.34 and a beta of 1.60. The company’s fifty day moving average is C$54.77 and its 200 day moving average is C$57.54.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. The firm 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%.

Insiders Place Their Bets

In other news, Director Robert Ananda Paul Samek purchased 10,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of C$55.06 per share, with a total value of C$550,600.00. Following the completion of the transaction, the director owned 18,900 shares of the company’s stock, valued at C$1,040,634. The trade was a 112.36% increase in their position. Also, Director Mark Francis Hill sold 88,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the sale, the director directly owned 380,598 shares in the company, valued at C$22,017,594.30. This trade represents a 18.78% decrease in their position. Insiders have sold 134,422 shares of company stock valued at $7,695,879 in the last three months. 0.60% of the stock is owned by 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.