02:25 PM EDT, 05/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $6 to $28, which values Barrick Gold at an EV/EBITDA of 5.7x our 2026 EBITDA, in line with Barrick's three-year average forward EV/EBITDA and also in line with peers. We raise our 2025 EPS estimate by $0.04 to $1.89 and our 2026 EPS forecast by $0.24 to $2.37. Barrick posted Q1 adj. EPS of $0.35 vs. $0.19, $0.05 above consensus; Q1 revenue increased 14% Y/Y and was in line with consensus. Barrick's Q1 gold production decreased to 758k ounces, a 30% drop from Q4 2024 and a 19% decline from Q1 2024. This decrease was mainly attributed to the temporary suspension of operations at Loulo-Gounkoto and lower production at several other sites. Copper production also fell to 44k tonnes, down 31% Q/Q but up 10% Y/Y. Barrick maintains its 2025 production guidance of 3.15M-3.50M ounces of gold (excluding Loulo-Gounkoto) and 200k-230k tonnes of copper. We anticipate improved performance in 2H 2025, with higher production and lower costs anticipated across most operations.