Cormark Adjusts Barrick Gold Q1 2025 Earnings Estimates

Barrick Gold Co. (TSE:ABX – Free Report) (NYSE:ABX) recently received an update from research analysts at Cormark regarding its earnings forecast. In a report released on February 13, 2025, analyst R. Gray updated the earnings per share (EPS) estimates for Barrick Gold’s first quarter of 2025, lowering the projection from $0.49 to $0.37. This adjustment reflects a notable change in expectations for the basic materials company’s performance.

The consensus estimate for Barrick Gold’s earnings for the entire year is currently set at $2.24 per share. Furthermore, Cormark has provided additional forecasts for Barrick Gold’s EPS for subsequent quarters: $0.43 for Q2 2025, $0.44 for Q3 2025, and $0.51 for Q4 2025. For the full fiscal years of 2025 and 2026, Cormark estimates earnings to be $1.76 and $1.70 per share, respectively.

Other Analyst Insights on Barrick Gold

Recently, several other analysts have also shared their thoughts on Barrick Gold. For instance, Sanford C. Bernstein reduced their price target from C$37.00 to C$36.00 in a November report. In contrast, the Royal Bank of Canada increased its price target for Barrick Gold to C$19.00 and assigned a “buy” rating. Furthermore, Canaccord Genuity Group also lowered their price objective from C$33.50 to C$30.00.

TD Cowen maintained a “buy” rating while setting a price target of C$36.00. On the other hand, Scotiabank revised Barrick Gold's rating from “strong-buy” to “hold.” Currently, four analysts have assigned a hold rating, seven have rated it as a buy, and one has indicated a strong buy, leading to a consensus rating of “Moderate Buy” with a price target of C$30.23 according to MarketBeat.com.

Barrick Gold’s Stock Performance

On February 15, 2025, Barrick Gold’s stocks opened at C$25.43, experiencing a decline of 2.9%. The shares have fluctuated significantly over the past year, reaching a low of C$19.25 and a high of C$29.50. The company’s financial ratios include a debt-to-equity ratio of 19.83, a current ratio of 2.65, and a quick ratio of 2.62. Barrick Gold has market capitalization of approximately C$30.91 billion.

Insider Transactions

Additionally, there have been insider transactions involving Barrick Gold. Director Dennis Mark Bristow bought 85,296 shares at an average cost of C$25.03, totaling a significant investment of about C$2.14 million. Similarly, Senior Officer Poupak Bahamin purchased 5,778 shares, also at the average price of C$25.03, amounting to roughly C$144,645.87. Overall, insiders hold about 0.60% of the company’s stock.

Barrick Gold Overview

Barrick Gold Corporation is involved in the exploration, development, production, and sale of gold and copper, operating both in Canada and internationally. It has diverse interests in various producing gold mines across multiple countries including Argentina, Canada, Côte d’Ivoire, Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States.

Barrick, Earnings, Analysis, Stocks