Scotiabank Issues Positive Outlook for Barrick Gold Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Investment analysts at Scotiabank lifted their FY2026 earnings estimates for shares of Barrick Gold in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $4.99 for the year, up from their previous forecast of $4.71. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. The company had revenue of C$6.06 billion during the quarter.

Several other brokerages also recently weighed in on ABX. Citigroup decreased their target price on Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. ATB Cormark Capital Markets dropped their price target on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 11th. Royal Bank Of Canada cut their price target on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Raymond James Financial reduced their price objective on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Finally, Barclays raised their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and an average price target of C$68.00.

Barrick Gold Trading Up 2.4%

Barrick Gold stock opened at C$63.84 on Friday. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01. The business’s 50-day simple moving average is C$54.42 and its 200-day simple moving average is C$57.51. The firm has a market capitalization of C$106.96 billion, a PE ratio of 16.50, a PEG ratio of 2.34 and a beta of 1.60. Barrick Gold has a 52 week low of C$34.56 and a 52 week high of C$74.00.

Insider Activity

In other news, Director Robert Ananda Paul Samek bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of C$55.06 per share, with a total value of C$550,600.00. Following the completion of the transaction, the director directly owned 18,900 shares in the company, valued at C$1,040,634. This represents a 112.36% increase in their ownership of the stock. Also, Director Mark Francis Hill sold 9,453 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of C$56.85, for a total value of C$537,403.05. Following the transaction, the director owned 334,176 shares in the company, valued at C$18,997,905.60. This represents a 2.75% decrease in their ownership of the stock. In the last quarter, insiders sold 134,422 shares of company stock valued at $7,695,879. 0.60% of the stock is owned by corporate insiders.

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.