Stifel Canada Upgrades Barrick Gold (TSE:ABX) to Strong-Buy

Stifel Canada upgraded shares of Barrick Gold (TSE:ABX) (NYSE:ABX) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Barrick Gold’s FY2025 earnings at $1.96 EPS, FY2026 earnings at $2.07 EPS, FY2027 earnings at $1.77 EPS and FY2028 earnings at $2.06 EPS.

Several other equities research analysts have also issued reports on ABX. Canaccord Genuity Group dropped their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. TD Cowen reiterated a “buy” rating and set a C$36.00 target price on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada lifted their target price on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$31.55.

Barrick Gold Price Performance

ABX stock opened at C$27.05 on Wednesday. The firm has a 50 day moving average of C$25.11 and a 200-day moving average of C$25.40. The company has a current ratio of 2.65, a quick ratio of 2.62 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 firm has a market capitalization of C$32.88 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Insider Transactions at Barrick Gold

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

About Barrick Gold

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.