Barrick Gold Corp (ABX:CA) is set to release its Q4 2024 earnings on February 12, 2025, before the North American market opens. With high gold prices and strong production figures fueling optimism, investors are keenly watching Barrick as rising costs and inflation continue to present challenges.
The company’s upcoming earnings report is expected to offer crucial insights into its ability to navigate these headwinds while capitalizing on robust market conditions.
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Expected Q4 Earning Report of Barrick Gold Corp:
Analysts largely anticipate that Barrick will report an adjusted earnings per share of around 41 cents for Q4. This forecast is buoyed by last year’s remarkable gold price rally—recorded at nearly 27%—which has significantly contributed to the company’s cash flow.
However, rising all-in sustaining costs (projected to be 8–10% higher in Q4 compared to Q3) and increased contracted labor expenses are expected to temper profitability.
Additionally, while key operations such as Pueblo Viejo and Kibali continue to deliver strong performance, ongoing challenges at the Loulo-Gounkoto mine due to royalty disputes may slightly weigh on overall results.
Stock Target Advisor’s Analysis on Barrick Gold Corp:
Stock Target Advisor provides a “Slightly Bullish” outlook for Barrick Gold Corp, based on 7 positive signals and 5 negative signals. Analysts have set an average target price of CAD 29.79 over the next 12 months, with the stock currently trading at CAD 24.93. This implies a potential upside of approximately 21.39%.
Latest Analyst Ratings and Target Prices:
- National Bank Financial: Sector Perform, target reduced to CAD 24 on January 16, 2025.
- Canaccord Genuity: Target lowered from CAD 33.5 to CAD 30 on January 15, 2025.
- TD Cowen: Buy, with a target of CAD 36, issued on January 14, 2025.
Despite some concerns about valuation and slower growth metrics, Barrick’s strengths in market positioning and cash flow generation contribute to its favorable outlook.
Conclusion:
With its Q4 earnings announcement scheduled for February 12, 2025, Barrick Gold Corp. is positioned to potentially beat earnings estimates despite the pressure from rising costs and production challenges.
Investors will be watching the upcoming call closely for further insights into cost controls and future guidance, reinforcing a cautiously optimistic outlook for Barrick as it heads into the new quarter.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
