What is Cormark’s Estimate for Barrick Gold FY2025 Earnings?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Cormark boosted their FY2025 earnings per share (EPS) estimates for Barrick Gold in a research report issued to clients and investors on Tuesday, November 11th. Cormark analyst R. Gray now anticipates that the basic materials company will earn $3.29 per share for the year, up from their prior forecast of $2.61. Cormark currently has a “Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold’s Q4 2025 earnings at $1.36 EPS, FY2026 earnings at $5.54 EPS and FY2027 earnings at $6.15 EPS.

A number of other research firms have also issued reports on ABX. National Bank Financial upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. BMO Capital Markets increased their price target on Barrick Gold from C$37.00 to C$41.00 in a research report on Monday, September 22nd. Stifel Nicolaus boosted their price objective on Barrick Gold from C$46.00 to C$65.00 in a research report on Monday, October 20th. National Bankshares upped their target price on shares of Barrick Gold from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Finally, Cibc World Mkts upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Five analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$46.38.

Barrick Gold Trading Up 4.3%

Shares of ABX stock opened at C$52.32 on Thursday. Barrick Gold has a 1-year low of C$21.73 and a 1-year high of C$52.62. The firm has a market cap of C$89.26 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18. The company has a 50-day moving average of C$45.31 and a two-hundred day moving average of C$34.90. 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 (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.76 earnings per share for the quarter. The company had revenue of C$5.78 billion for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%.

Insider Transactions at Barrick Gold

In other news, insider Rousseau Jooste sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the completion of the sale, the insider owned 58,237 shares in the company, valued at approximately C$2,370,478.85. This represents a 4.90% decrease in their ownership of the stock. Also, insider Poupak Bahamin sold 8,402 shares of the business’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 transaction, the insider directly owned 29,400 shares in the company, valued at approximately C$1,211,653.38. The trade was a 22.23% decrease in their position. Insiders sold a total of 62,990 shares of company stock valued at $2,580,075 over the last ninety days. 0.60% of the stock is owned by insiders.

About Barrick Gold

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.