Barrick Gold stock falls over 3% as quarterly results miss estimates and downside momentum persists

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Barrick gold slides 3.02% today

Highlights

Barrick Gold reported fourth-quarter 2026 sales of $5.005 billion, up 99% year over year but falling about 12% below consensus expectations.
Gross profit, EBITDA, and earnings per share missed consensus, and Jill Van was named Chief Financial Officer, replacing Cary Dickson.
Shares of Barrick Gold last traded at C$53.89, with technical indicators broadly negative and a projected five-day range of C$52.26 to C$55.52.

Consensus misses and executive change drive cautious sentiment

Barrick Gold reported fourth-quarter 2026 sales of $5.005 billion, representing a 99% year-over-year increase, but these results were approximately 13% below Canaccord’s estimate and 12% below consensus expectations. Gross profit, EBITDA, and earnings per share also came in below consensus. Jill Van was appointed as Chief Financial Officer, succeeding Cary Dickson, who will remain as a consultant for 12 months. Recent updates noted progress on capital projects and a focus on maintaining a strong balance sheet; though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, views Barrick Gold’s current position as fundamentally weak. He notes the company’s sharp sales growth failed to meet market expectations. Technical setups reinforce the bearish trend, with the price below all major moving averages and key indicators pointing to downside. Sentiment remains negative despite the CFO transition and project updates. "In my view, the persistent failure to meet consensus and negative momentum signal ongoing risk for ABX holders."

Viktoras Karapetjanc, expert at Traders Union, believes Barrick Gold still holds constructive potential despite recent weaknesses. The company’s year-over-year sales nearly doubled and capital projects show forward drive. He sees the long-term trend supported by the 50-day average standing above the 200-day. Positive organizational changes, like the new CFO, offer a foundation for coming quarters. "With progress on projects and bullish structure intact, I expect the market to uncover new opportunities for ABX."

Sholanke Dele, market strategist, takes a cautious view on Barrick Gold. He highlights negative sentiment and the effect of recurring underperformance against analyst estimates. Recent news has not changed the market’s lack of confidence. "Any sustained recovery in ABX will require a decisive shift in sentiment and stronger earnings delivery."

Broad technical weakness amid negative momentum and low volatility

ABX is trading below its 20-day, 50-day, and 200-day moving averages at C$56.49, C$59.56, and C$58.73, pointing to sustained weakness across all timeframes. The immediate ceiling is C$54.22 and support is at C$52.3. The 50-day average remains above the 200-day, maintaining some longer-term positive structure. Momentum indicators are negative: MACD, RSI, CCI, BBP, and the Awesome Oscillator all signal selling pressure, while the ADX suggests the downtrend is currently weak but intact. The stock is near session lows with low intraday volatility, reflecting continued negative sentiment.

Earlier, analysts noted that Barrick Gold’s technical outlook remained bearish, with a sideways bias prevailing amid persistent downside risk. The latest results reinforce this view, as ABX continues to face broad selling pressure, making the C$52.3 support level the key pivot for any potential shift in short-term trend.

Source of Data: ABX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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