Stifel Canada Weighs in on Barrick Gold FY2028 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Analysts at Stifel Canada issued their FY2028 earnings estimates for Barrick Gold in a research report issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti expects that the basic materials company will post earnings per share of $2.06 for the year. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share.

A number of other equities analysts have also commented on the stock. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Canaccord Genuity Group lowered their price objective on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Finally, UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Barrick Gold currently has a consensus rating of “Buy” and an average target price of C$31.55.

Barrick Gold Trading Down 0.8 %

TSE:ABX opened at C$27.59 on Thursday. Barrick Gold has a 12 month low of C$21.08 and a 12 month high of C$29.50. The firm has a market cap of C$33.53 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. The company’s 50 day moving average is C$25.02 and its 200-day moving average is C$25.40.

Insiders Place Their Bets

In other news, Director Dennis Mark Bristow bought 230,872 shares of Barrick Gold stock in a transaction dated Tuesday, February 25th. The shares were bought at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total transaction of C$457,781.77. Corporate insiders own 0.60% of the company’s stock.

Barrick Gold Company Profile

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.