FY2027 EPS Estimates for Barrick Gold Lowered by Scotiabank

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Scotiabank cut their FY2027 earnings estimates for Barrick Gold in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings of $5.23 per share for the year, down from their prior estimate of $5.24. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

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

Several other equities analysts also recently commented on ABX. Royal Bank Of Canada dropped their price target on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a research note 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 for the company in a report on Tuesday, August 11th. Barclays boosted their target price on Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. Canaccord Genuity Group upped their price target on Barrick Gold from C$68.00 to C$73.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Citigroup reduced their price target on Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$67.67.

Barrick Gold Stock Performance

Shares of ABX stock opened at C$67.58 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 17.15. Barrick Gold has a 52 week low of C$35.97 and a 52 week high of C$74.00. The stock has a market capitalization of C$113.23 billion, a PE ratio of 17.46, a P/E/G ratio of 2.34 and a beta of 1.60. The firm has a 50 day moving average of C$54.92 and a two-hundred day moving average of C$57.55.

Insiders Place Their Bets

In other Barrick Gold news, Director Robert Ananda Paul Samek purchased 10,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of C$55.06 per share, for a total transaction of C$550,600.00. Following the completion of the purchase, the director directly owned 18,900 shares in the company, valued at approximately C$1,040,634. This represents a 112.36% increase in their ownership of the stock. Also, insider Darian Kevin Rich sold 75,452 shares of Barrick Gold stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the sale, the insider directly owned 235,252 shares of the company’s stock, valued at C$15,994,783.48. This trade represents a 24.28% decrease in their ownership of the stock. Insiders have sold 209,874 shares of company stock valued at $12,825,861 in the last three months. Corporate insiders own 0.60% of the company’s stock.

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.