Barrick Gold Corp's stock surged after a strong quarterly earnings report, reflecting solid performance amid rising gold prices.
Barrick Gold Corp (ABX.TO) saw its stock price rise by 2.97% during yesterday's trading session. This increase is linked to the company's impressive Q2 earnings, which exceeded market expectations and showed significant growth in profits and sales.
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Barrick Gold Corp
ABX.TO
ABX.TO
Barrick Gold Corp
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Market cap
$94.59B
P/E
10.6x
Div. yield
1.16%
Div. / share
$0.65
52W high
$73.08
52W low
$31.62
1W change
-0.28%
Beta
1.11
Analyst Price Targets
Based on analyst covering ABX
Wall Street analysts forecast ABX stock price to rise 14.0% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$65.54
+14.0% Upside
Current Price
C$57.47
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ABX's historical volatility
30-Day Vol
49.2%
Annualized
90-Day Vol
49.3%
Annualized
Trend (90d)
+12.2%
Annualized drift
90d Mean
C$60.04
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$58.31 | C$49.21 – C$69.10 |
| 60 trading days | C$59.17 | C$46.54 – C$75.22 |
| 90 trading days | C$60.04 | C$44.75 – C$80.55 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Investors should pay attention to Barrick's strong financial results and its ability to take advantage of rising gold prices, suggesting a positive outlook for the company's future.
Barrick's Q2 EPS Surged by 50%
Barrick Gold reported profits of $1,217 million, or 73 cents per share, for Q2 2026, significantly exceeding expectations and demonstrating strong operational performance.
Bull case
The company's earnings per share (EPS) jumped by 50% year-over-year, highlighting Barrick's operational efficiency and solid market position. With gold prices rising, Barrick is well-positioned to benefit from increased revenues in the upcoming quarters.
Bear case
Despite the positive earnings report, Barrick has a Zacks Rank of #4 (Sell), indicating potential challenges in the market. Investors should stay cautious and consider the overall volatility in the gold sector.
Earnings Highlights
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Barrick Gold's Q2 earnings report showed a profit of $1,217 million, or 73 cents per share, marking a 50% increase from the previous year. This performance surpassed the Zacks Consensus Estimate of 81 cents, demonstrating the company's ability to capitalize on higher gold prices, which averaged $4,417 per ounce during the quarter.
Market Reaction
After the earnings announcement, Barrick's stock price rose by 2.97%, reflecting investor confidence in the company's operational efficiency and growth potential. The market's positive sentiment was further supported by Barrick's strong cash position, with cash and cash equivalents reaching $5,927 million.
Future Outlook
Looking ahead, Barrick Gold expects attributable gold production between 2.9 to 3.25 million ounces for 2026. With a projected all-in sustaining cost (AISC) of $1,760 to $1,950 per ounce, the company remains well-positioned to navigate the fluctuating gold market and deliver value to its shareholders.
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