NatBank Financial Raises Barrick Gold's EPS Forecast for FY2026

Summary

Analysts at National Bank Financial have raised their FY2026 earnings per share estimate for Barrick Mining to $2.82, up from $2.47. The company currently has a consensus rating of ‘Moderate Buy’ and a price target of $33.33. Barrick Mining’s stock opened at $34.30, with a market cap of $58.41 billion. The company reported $0.47 EPS for the last quarter, meeting expectations, and has a dividend yield of 1.7%. Institutional investors own 90.82% of the stock.Market Beat

Impact Analysis

So basically, National Bank Financial’s upgrade of Barrick Mining’s FY2026 EPS to $2.82 from $2.47 is a strong vote of confidence in the company’s future performance. This is likely driven by Barrick’s solid recent financial results, including a 16% year-over-year increase in quarterly revenue and a 119% increase in net profit. The stock’s current price of $34.30 already exceeds the consensus price target of $33.33, suggesting that the market may have already priced in some of this optimism.Market Beat However, with institutional investors holding a significant 90.82% stake, there could be further upside if these investors continue to support the stock.Market Beat The key here is to watch for any further positive earnings surprises or strategic moves by Barrick that could justify an even higher valuation. Overall, this upgrade reinforces the bullish sentiment around Barrick, but the stock’s current price suggests that the market is already somewhat optimistic.