FY2026 EPS Estimates for Barrick Gold Cut by Scotiabank

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) – Equities research analysts at Scotiabank dropped their FY2026 earnings per share estimates for Barrick Gold in a research note issued on Wednesday, February 11th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $4.66 for the year, down from their previous forecast of $4.96. Scotiabank 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. Scotiabank also issued estimates for Barrick Gold’s FY2027 earnings at $4.89 EPS.

ABX has been the topic of a number of other reports. Cormark boosted their price target on shares of Barrick Gold from C$66.00 to C$78.00 in a research report on Tuesday, November 25th. Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. JPMorgan Chase & Co. set a C$92.00 price target on Barrick Gold and gave the company an “overweight” rating in a research report on Thursday, January 29th. Stifel Nicolaus lifted their price objective on Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, National Bank Financial lowered their price objective on Barrick Gold from C$82.50 to C$75.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Six investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$73.50.

Barrick Gold Trading Up 5.6%

Shares of ABX opened at C$65.32 on Monday. Barrick Gold has a 52-week low of C$24.28 and a 52-week high of C$74.00. The stock has a market cap of C$109.43 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 2.34 and a beta of 1.47. The firm’s fifty day moving average is C$64.12 and its two-hundred day moving average is C$51.24. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83.

Insiders Place Their Bets

In other news, Director Pekka Juhani Vauramo purchased 12,400 shares of the stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of C$65.41 per share, for a total transaction of C$811,084.00. Following the completion of the transaction, the director directly owned 12,400 shares in the company, valued at approximately C$811,084. This represents a ∞ increase in their position. Also, insider Graham Patrick Shuttleworth sold 100,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the completion of the sale, the insider owned 487,252 shares in the company, valued at C$31,534,949.44. This represents a 17.03% decrease in their position. 0.60% of the stock is owned by corporate insiders.

About Barrick Gold

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.