Scotiabank Issues Negative Outlook for Barrick Gold Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities researchers at Scotiabank lowered their FY2025 EPS estimates for Barrick Gold in a report issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $3.04 for the year, down from their prior estimate of $3.05. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Monday, November 10th. The basic materials company reported C$0.58 earnings per share for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%.The company had revenue of C$3.41 billion during the quarter.

Several other analysts have also recently commented on ABX. Stifel Nicolaus lifted their price target on Barrick Gold from C$46.00 to C$65.00 in a report on Monday, October 20th. National Bankshares boosted their target price on shares of Barrick Gold from C$65.00 to C$77.50 and gave the company an “outperform” rating in a report on Tuesday, December 9th. DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a research report on Monday, January 19th. Cormark upped their price objective on Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Finally, Citigroup raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Seven investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Barrick Gold has a consensus rating of “Buy” and an average price target of C$60.69.

Barrick Gold Stock Performance

TSE ABX opened at C$63.37 on Monday. The business’s 50-day moving average price is C$62.81 and its 200 day moving average price is C$48.82. Barrick Gold has a twelve month low of C$23.68 and a twelve month high of C$74.00. The company has a market capitalization of C$108.11 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

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.