Cormark Has Pessimistic Outlook of Barrick Gold Q1 Earnings

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at Cormark decreased their Q1 2025 EPS estimates for Barrick Gold in a research note issued on Thursday, February 13th. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.37 per share for the quarter, down from their prior forecast of $0.49. The consensus estimate for Barrick Gold’s current full-year earnings is $2.24 per share. Cormark also issued estimates for Barrick Gold’s Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.76 EPS and FY2026 earnings at $1.70 EPS.

A number of other analysts have also issued reports on the company. Royal Bank of Canada boosted their target price on Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Sanford C. Bernstein reduced their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group cut their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$30.23.

Barrick Gold Price Performance

Barrick Gold stock opened at C$26.19 on Friday. The company’s 50 day simple moving average is C$23.25 and its 200-day simple moving average is C$25.23. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The company has a market capitalization of C$31.83 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Insider Buying and Selling at Barrick Gold

In related news, Director Dennis Mark Bristow purchased 85,296 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total transaction of C$61,215.00. Insiders own 0.60% of the company’s stock.

Barrick Gold Company Profile

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.