Raymond James Decreases Earnings Estimates for Barrick Gold

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Raymond James decreased their Q1 2025 earnings estimates for shares of Barrick Gold in a research report issued on Thursday, February 6th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.41 per share for the quarter, down from their previous forecast of $0.42. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Raymond James also issued estimates for Barrick Gold’s Q4 2025 earnings at $0.51 EPS and FY2025 earnings at $1.92 EPS.

A number of other brokerages have also weighed in on ABX. Canaccord Genuity Group lowered their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Scotiabank cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Stifel Nicolaus cut their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Finally, National Bankshares cut their price objective on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$30.38.

Barrick Gold Stock Performance

TSE:ABX opened at C$24.93 on Monday. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$29.50. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The firm has a market capitalization of C$43.63 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The firm has a 50-day moving average price of C$23.21 and a 200 day moving average price of C$25.23.

Insider Buying and Selling

In related news, Senior Officer Poupak Bahamin bought 5,778 shares of the stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of C$25.03 per share, with a total value of C$144,645.87. Also, Director Dennis Mark Bristow acquired 85,296 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is currently owned by insiders.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.