Scotiabank Has Positive View of Barrick Gold FY2026 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at Scotiabank upped their FY2026 earnings estimates for shares of Barrick Gold in a research note issued to investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $5.38 per share for the year, up from their previous forecast of $4.99. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

A number of other equities research analysts also recently issued reports on ABX. Freedom Broker downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. Citigroup upgraded Barrick Gold to a “hold” rating in a research report on Thursday, September 3rd. Royal Bank Of Canada reduced their target price on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Raymond James Financial decreased their target price 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. Finally, TD lowered their price target on Barrick Gold from C$59.00 to C$58.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$66.27.

Barrick Gold Trading Up 8.0%

Barrick Gold stock opened at C$56.07 on Thursday. The stock has a market cap of C$92.28 billion, a P/E ratio of 14.49, a PEG ratio of 2.34 and a beta of 1.63. Barrick Gold has a fifty-two week low of C$45.28 and a fifty-two week high of C$74.00. The firm’s fifty day moving average price is C$58.37 and its 200-day moving average price is C$58.40. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 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%.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, insider Darian Kevin Rich sold 75,452 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the completion of the transaction, the insider owned 235,252 shares of the company’s stock, valued at C$15,994,783.48. The trade was a 24.28% decrease in their position. Also, Director Mark Francis Hill sold 174,778 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of C$59.47, for a total transaction of C$10,394,047.66. Following the completion of the transaction, the director directly owned 125,914 shares in the company, valued at C$7,488,105.58. The trade was a 58.13% decrease in their position. 0.60% of the stock is currently owned by company 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.