Barrick Gold stock slips after Canaccord cuts target

Barrick Gold stock moves after a Canaccord note and fresh fiscal 2026 figures. Revenue reached $25.5 billion, quarterly sales were $5.0 billion, and gold output rose to 521,000 ounces in fiscal Q4.

Barrick Gold stock (ISIN CA0679011084) trades after Canaccord cut its target to $65 from $70 and kept a Buy rating, following fiscal Q4 2026 results that showed $5.0 billion in revenue and $0.41 per diluted share. The same results covered the fiscal fourth quarter ended June 30, 2026, and the latest share price snapshot in the market feed showed $45.00 with a market value of $74.06 billion as of September 3, 2026.

Canaccord cuts the target

According to a Canaccord note reported by Investing.com, the new target followed Barrick Gold's fiscal Q4 2026 numbers. Revenue for the quarter was $5.005 billion, which was 99 percent above the prior year but 13 percent below Canaccord's estimate and 12 percent below consensus.

Gross profit missed market expectations by about 8 percent, while EBITDA and EPS also came in below consensus. The quarter still delivered net income of $12.2 million and special dividends of $1 per share alongside the regular $0.20 dividend.

Output and cash

For the full fiscal year 2026, revenue increased 132 percent to $25.5 billion from $11.0 billion in fiscal 2025. Barrick also sold 2.0 million ounces of gold in the year, up 24 percent from fiscal 2025, and free cash flow reached $1.35 billion in the first half of 2026, up 211 percent year over year.

That mix matters more than the headline target cut. The company returned $1.5 billion to shareholders in the second quarter, including $1.21 billion of repurchases under its $3 billion authorization, which shows why cash generation remains central for the stock.

Gold output stays key

Barrick said fiscal Q4 2026 gold sales reached 521,000 ounces, up 51 percent from the same quarter a year earlier and down 1 percent from the prior quarter. For the full year, 2.0 million ounces marked a 24 percent increase versus fiscal 2025.

The production backdrop is tied to the gold market itself, where spot prices were quoted at $4,385.8 per ounce on September 2, 2026 and COMEX futures were cited near $4,467.20 per ounce on September 3, 2026. That backdrop helps explain why the stock can absorb mixed quarterly margin data while investors watch cash flow and output.

Gold ounces and returns

Barrick's gold business remains the main driver behind the group picture. The company also said fiscal Q4 gross profit rose 35 percent to $110.3 million, even as the margin level remained thin against $5.0 billion in sales.

Price and market view

At $45.00 on September 3, 2026, Barrick Gold stock carried a market capitalization of $74.06 billion. The share price sat below the $65 target reported by Investing.com, leaving the latest broker view and the market snapshot on different sides of the same earnings release.

Barrick Gold stock facts

• Company: Barrick Gold Corporation
• ISIN: CA0679011084
• Ticker: GOLD
• Trading venue: NYSE
• Price (as of September 3, 2026): $45.00 USD
• Market capitalization: $74.06 billion USD (as of September 3, 2026)
• Sector / Industry: Materials / Gold
• Index membership: S&P 500