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 shares of Barrick Gold in a research report issued to clients and investors on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the basic materials company will post earnings of $2.06 per share 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 research analysts have also recently issued reports on ABX. Stifel Nicolaus cut their price target on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. TD Cowen reaffirmed a “buy” rating and issued a C$36.00 price target on shares of Barrick Gold in a report on Tuesday, January 14th. Royal Bank of Canada lifted their price target on Barrick Gold to C$19.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. National Bankshares lifted their price target on Barrick Gold from C$27.00 to C$33.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Scotiabank cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Barrick Gold has an average rating of “Buy” and a consensus target price of C$31.55.

Barrick Gold Stock Performance

Barrick Gold stock opened at C$27.59 on Thursday. The stock has a 50-day simple moving average of C$25.02 and a 200 day simple moving average of C$25.40. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. Barrick Gold has a 12-month low of C$21.08 and a 12-month high of C$29.50. The stock has a market capitalization 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.

Insider Activity

In related news, Director Dennis Mark Bristow purchased 230,872 shares of the stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. 0.60% of the stock is currently owned by company insiders.

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.