Q4 EPS Estimates for Barrick Gold Reduced by Stifel Canada

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Stifel Canada lowered their Q4 2024 earnings estimates for Barrick Gold in a report released on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the basic materials company will post earnings per share of $0.59 for the quarter, down from their previous estimate of $0.74. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Stifel Canada also issued estimates for Barrick Gold’s FY2026 earnings at $2.25 EPS.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.03). Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. During the same quarter last year, the business posted $0.32 earnings per share.

A number of other equities analysts also recently commented on the company. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Royal Bank of Canada lifted their price target on shares of Barrick Gold to C$21.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus dropped their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Sanford C. Bernstein reduced their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Finally, Canaccord Genuity Group lowered their price target on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$30.38.

Barrick Gold Trading Up 2.8 %

Shares of ABX opened at C$24.55 on Thursday. The stock’s fifty day simple moving average is C$23.22 and its 200 day simple moving average is C$25.21. Barrick Gold has a twelve month low of C$18.65 and a twelve month high of C$29.50. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The firm has a market capitalization of C$42.96 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Insider Activity at Barrick Gold

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

About Barrick Gold

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.