02:30 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 by CAD8 to CAD39, which values Barrick Gold ( 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 USD0.04 to USD1.89 and our 2026 EPS forecast by USD0.24 to USD2.37. Barrick posted Q1 adj. EPS of USD0.35 vs. USD0.19, USD0.05 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.