FY2025 EPS Estimates for Barrick Gold Reduced by Scotiabank

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Scotiabank cut their FY2025 earnings per share estimates for Barrick Gold in a research note issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $3.04 per share 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.

Several other research firms have also issued reports on ABX. Canaccord Genuity Group lifted their target price on shares of Barrick Gold from C$68.00 to C$70.00 in a report on Monday, December 1st. National Bankshares raised their price objective on Barrick Gold from C$65.00 to C$77.50 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Stifel Nicolaus raised their price objective on Barrick Gold from C$46.00 to C$65.00 in a research report on Monday, October 20th. Cormark boosted their target price on Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Finally, BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Seven research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and an average target price of C$60.69.

Barrick Gold Trading Up 2.3%

TSE:ABX opened at C$64.85 on Monday. The firm has a market capitalization of C$110.63 billion, a P/E ratio of 31.18, a PEG ratio of 2.34 and a beta of 1.47. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold has a one year low of C$23.68 and a one year high of C$74.00. The company’s 50-day simple moving average is C$63.00 and its 200 day simple moving average is C$49.08.

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

Barrick Gold Company Profile

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.