Scotiabank Has Positive View of Barrick Gold FY2026 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Research analysts at Scotiabank boosted their FY2026 earnings per share estimates for Barrick Gold in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $4.71 for the year, up from their previous estimate of $4.60. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Scotiabank also issued estimates for Barrick Gold’s FY2027 earnings at $5.24 EPS.

ABX has been the topic of several other reports. National Bank Financial decreased their price target on shares of Barrick Gold from C$75.00 to C$67.50 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Barclays cut their price objective on shares of Barrick Gold from C$56.00 to C$55.00 in a research report on Thursday. Royal Bank Of Canada reduced their price objective on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. decreased their target price on shares of Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. Finally, ATB Cormark Capital Markets cut shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$70.00 to C$75.00 in a research note on Tuesday, April 7th. Five equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$73.15.

Barrick Gold Trading Down 0.0%

Barrick Gold stock opened at C$48.92 on Friday. The stock has a 50-day moving average price of C$55.46 and a 200 day moving average price of C$59.43. Barrick Gold has a 52 week low of C$28.38 and a 52 week high of C$74.00. The stock has a market cap of C$81.97 billion, a PE ratio of 13.51, a P/E/G ratio of 2.34 and a beta of 1.60. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 17.29.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 earnings per share (EPS) for the quarter. The business had revenue of C$5.81 billion for the quarter. Barrick Gold had a return on equity of 23.58% and a net margin of 32.14%.

Insider Transactions at Barrick Gold

In other news, Director Robert Ananda Paul Samek acquired 10,000 shares of Barrick Gold stock in a transaction dated 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 purchase, the director directly owned 18,900 shares of the company’s stock, valued at approximately C$1,040,634. This trade represents a 112.36% increase in their position. Also, Director Mark Francis Hill sold 9,453 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of C$56.85, for a total value of C$537,403.05. Following the sale, the director owned 334,176 shares of the company’s stock, valued at C$18,997,905.60. The trade was a 2.75% decrease in their position. In the last three months, insiders have sold 134,422 shares of company stock valued at $7,695,879. 0.60% of the stock is owned by company 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.