ABX.TO stock down 11% as Barrick Gold (TSX) falls Jan 30, 2026: earnings and outlook
ABX.TO stock closed sharply lower on Jan 30, 2026 after a heavy sell-off that left the share price at C$62.24, down 11.33% on the day. The market closed with volume 7,264,100.00, well above the 50-day average of 5,499,267.00, signalling active repositioning ahead of Barrick Gold Corporation’s earnings on 2026-02-05. We examine the drivers behind the drop, how the basic materials sector performance amplified the move, and what the upcoming earnings call may mean for TSX-listed Barrick Gold (ABX.TO) investors.
ABX.TO stock: what moved the price today
Barrick Gold (ABX.TO) fell C$7.95 to C$62.24, with intraday range C$61.69–C$66.39. One-day selling accounted for a -11.33% change and pushed the stock below its 50-day average of C$61.90 only marginally. Sector weakness amplified the drop; the Basic Materials group logged a -8.01% one-day move that pressured other gold names.
News flow intensified volatility. Recent headlines on management changes and asset updates increased uncertainty; traders reduced exposure before the Feb 5 earnings release. For live quotes see Investing.com.
Earnings spotlight: ABX.TO earnings preview and catalysts
Barrick’s next earnings announcement is scheduled for 2026-02-05 and remains the primary near-term catalyst for ABX.TO stock. Analysts will watch quarterly gold production, copper sales, unit costs, and guidance for 2026.
Key items to monitor are EPS of 2.83 (trailing) and management comments on Mali resolution, asset sales, and any capital allocation updates. Recent coverage of executive changes adds focus to the conference call; investors should expect commentary on margins and cash flow.
ABX.TO analysis: fundamentals and valuation
Barrick Gold shows solid cash generation and conservative leverage. Trailing metrics include PE 21.99, EPS 2.83, book value per share C$19.92, and current ratio 2.94. Free cash flow yield is 3.53%, and debt to equity is 0.19, reflecting low leverage for the gold sector.
Valuation is mixed versus peers. Price-to-book at 3.09 sits above some miners, while EV/EBITDA at 8.74 suggests reasonable operating value. Revenue and net income growth for FY 2024 were 13.38% and 68.55%, respectively, supporting the premium multiple.
Technicals and market context for ABX.TO stock
Technically, ABX.TO shows overbought-to-correction signals. RSI is 70.77, MACD histogram is 0.19, and ADX reads 29.81, indicating a strong trend that may be reversing. Bollinger Bands place the middle at C$60.36 and upper at C$65.61, framing today’s move inside the band structure.
Volume of 7,264,100.00 exceeded the 50-day average and accompanied the drop, a bearish confirmation. Short-term support sits near C$61.69 and significant support aligns with the 50-day average C$61.90 and 200-day average C$41.62.
Meyka AI stock grade and ABX.TO forecast
Meyka AI rates ABX.TO with a score out of 100: 68.54 / 100 — Grade B — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a monthly target of C$72.82, a quarterly target of C$87.31, and a yearly target of C$68.46. Versus the current price C$62.24, implied moves are: monthly +17.00%, quarterly +40.28%, and yearly +9.99%. Forecasts are model-based projections and not guarantees.
Investment outlook, price targets and strategy
For traders, ABX.TO stock presents a near-term volatility play into earnings with a bias to the downside until clarity on production and costs arrives. Short-term price target from consensus models is C$72.82; a conservative 12-month target is C$68.46. A downside risk scenario sees support at C$55.00 if gold prices retreat or operational disruptions occur.
Dividend yield is modest at 1.18% and payout ratio 21.43%, pairing income with growth. Sector tailwinds from higher gold prices help the outlook, but investors should weigh geopolitical and commodity risks before adding or trimming positions. For the latest company updates see StockAnalysis.
Final Thoughts
Barrick Gold (ABX.TO) closed the market on Jan 30, 2026 at C$62.24, down 11.33% on heavier-than-normal volume as investors reposition ahead of the Feb 5 earnings release. Fundamentals remain intact with PE 21.99, low net debt, and strong cash flow metrics, but near-term catalysts and management changes drove the sell-off. Meyka AI’s model projects a 12-month level of C$68.46, implying an upside of 9.99% from the close; the monthly target of C$72.82 implies 17.00% upside but carries higher risk. Given the mix of solid fundamentals and near-term event risk, our grade is B / HOLD. Traders should monitor the earnings details on production, unit costs, and guidance before increasing exposure, while longer-term investors can use meaningful dips to reassess position sizing. Remember, forecasts are model-based projections and not guarantees, and we provide this analysis as insight through Meyka AI’s AI-powered market analysis platform.
FAQs
When does Barrick report earnings and why does it matter for ABX.TO stock?
Barrick’s earnings are scheduled for 2026-02-05. The report matters because it will update gold and copper production, unit costs, and guidance, all of which directly affect ABX.TO stock price and near-term volatility.
What are Meyka AI’s price targets for ABX.TO stock?
Meyka AI’s model projects a monthly target of C$72.82, a quarterly target of C$87.31, and a 12-month target of C$68.46. These are model forecasts and not guarantees.
Is ABX.TO stock a buy after the Jan 30, 2026 drop?
Meyka AI assigns a B / HOLD grade. Fundamentals are solid, but near-term event risk around earnings and management changes suggests waiting for earnings clarity or a clear technical reversion before buying.
How did sector moves affect Barrick today?
The Basic Materials sector fell roughly 8.01% on the day, amplifying selling in gold names. Sector weakness increased correlation-driven pressure on ABX.TO stock during the market close.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
