Barrick Gold (TSE:ABX) Upgraded at Cormark

Cormark upgraded shares of Barrick Gold (TSE:ABX) (NYSE:ABX) from a hold rating to a buy rating in a research report released on Tuesday morning, MarketBeat Ratings reports. Cormark also issued estimates for Barrick Gold’s Q4 2025 earnings at $1.36 EPS, FY2025 earnings at $3.29 EPS, FY2026 earnings at $5.54 EPS and FY2027 earnings at $6.15 EPS.

Other equities research analysts also recently issued research reports about the company. National Bankshares boosted their target price on Barrick Gold from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Canaccord Genuity Group boosted their price objective on Barrick Gold from C$39.00 to C$57.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. BMO Capital Markets raised their target price on shares of Barrick Gold from C$37.00 to C$41.00 in a research note on Monday, September 22nd. Cibc World Mkts upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$46.38.

Barrick Gold Price Performance

ABX opened at C$51.11 on Tuesday. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The stock has a market capitalization of C$86.24 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18. The company’s 50 day simple moving average is C$45.58 and its 200-day simple moving average is C$35.02. Barrick Gold has a one year low of C$21.73 and a one year high of C$52.67.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.76 earnings per share for the quarter. The firm had revenue of C$5.78 billion during the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. Sell-side analysts anticipate that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Insider Activity

In other Barrick Gold news, insider Poupak Bahamin sold 8,402 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$41.21, for a total value of C$346,269.11. Following the completion of the sale, the insider owned 29,400 shares of the company’s stock, valued at approximately C$1,211,653.38. This represents a 22.23% decrease in their ownership of the stock. Also, insider Joel James Holliday sold 13,588 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of C$40.38, for a total transaction of C$548,735.07. Following the completion of the sale, the insider owned 84,087 shares in the company, valued at approximately C$3,395,752.59. This trade represents a 13.91% decrease in their ownership of the stock. Insiders have sold a total of 62,990 shares of company stock worth $2,580,075 in the last ninety days. Company 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.