The Barrick Gold Corp (GOLD) share price is expected to increase by 46.75% over the next year. This is based on calculating the average 12-month share price estimate provided by 4 stock analysts who have covered GOLD. Price targets range from $22 at the low end to $28 at the high end. The current analyst consensus for GOLD is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
GOLD is a stock in Basic Materials which has been forecasted to be worth $24.64 as an average. On the higher end, the forecast price is $28 USD by Daniel Major from UBS and on the lower end GOLD is forecasted to be $22 by Michael Jalonen from B of A Securities.
These are the latest 20 analyst ratings of GOLD.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Tanya Jakusconek Scotiabank | Sector Outperform | $24 | Maintains | Nov 8, 2024 |
Daniel Major UBS | Neutral | $22 | Downgrade | Oct 30, 2024 |
Daniel Major UBS | Buy | $23 | Maintains | Oct 15, 2024 |
David Coleman Argus Research | Buy | $24 | Upgrade | Aug 29, 2024 |
Tanya Jakusconek Scotiabank | Sector Outperform | $25 | Maintains | Aug 19, 2024 |
Matthew Murphy Jefferies | Buy | $23 | Maintains | Jul 12, 2024 |
Anita Soni CIBC | Outperformer | $27 | Maintains | Jul 10, 2024 |
Jackie Przybylowski BMO Capital | Outperform | $26 | Maintains | Apr 17, 2024 |
Josh Wolfson RBC Capital | Outperform | $18 | Reiterates | Mar 4, 2024 |
David Coleman Argus Research | Hold | Downgrade | Feb 26, 2024 | |
Tanya Jakusconek Scotiabank | Sector Outperform | $23 | Maintains | Feb 20, 2024 |
Jackie Przybylowski BMO Capital | Outperform | $24 | Maintains | Feb 15, 2024 |
Jackie Przybylowski BMO Capital | Outperform | $27 | Maintains | Jan 17, 2024 |
Brian MacArthur Raymond James | Outperform | $25 | Maintains | Oct 13, 2023 |
Jackie Przybylowski BMO Capital | Outperform | $30 | Maintains | Oct 13, 2023 |
Daniel Major UBS | Buy | $23 | Maintains | Oct 6, 2023 |
Chris LaFemina Jefferies | Hold | $15 | Maintains | Oct 4, 2023 |
Jackie Przybylowski BMO Capital | Outperform | $30 | Maintains | Sep 13, 2023 |
Emily Chieng Goldman Sachs | Neutral | $22 | Maintains | Apr 21, 2023 |
Matthew Murphy Barclays | Overweight | $28 | Maintains | Apr 21, 2023 |
When did it IPO
1985
Staff Count
0
Country
Canada
Sector/Industry
Basic Materials/Gold
CEO
Dr. Dennis Mark Bristow
Market Cap
$29.77B
In 2023, GOLD generated $11.40B in revenue, which was a increase of 3.49% from the previous year. This can be seen as a signal that GOLD's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Zacks utilizes its Rank system, focusing on earnings estimates and revisions, to identify strong stocks while also monitoring value, growth, and momentum trends.
Why It Matters - The emphasis on earnings estimates and revisions signals potential stock performance, guiding investors to identify strong investment opportunities based on current market trends.
Summary - In Q3, gold prices increased, benefiting GOLD despite lower production and higher costs.
Why It Matters - Higher realized gold prices can boost revenue for gold producers, impacting profit margins positively despite lower production and increased costs, influencing stock performance in the sector.
Summary - Mark Bristow, CEO of Barrick Gold, emphasizes the importance of including gold in investment portfolios and highlights copper's strategic value alongside gold.
Why It Matters - Bristow's comments signal a bullish outlook on gold and copper, potentially influencing commodity prices and investment strategies in mining stocks.
Summary - Barrick Gold CEO Mark Bristow discussed gold price influences post-Presidential election and expectations for the sector under a Trump administration on Bloomberg Television.
Why It Matters - Insights from Barrick's CEO on gold price drivers and sector outlook under a Trump administration can influence investor sentiment and strategies in gold and mining stocks.
Summary - Barrick Gold Corp. reported Q3 free cash flow of $444 million, up 30% sequentially. Adjusted EPS was $0.30, above its forecast but below consensus of $0.31.
Why It Matters - Barrick Gold's strong free cash flow growth and adjusted EPS performance indicate operational efficiency and potential for shareholder returns, impacting stock valuation and market sentiment.
Summary - Barrick Gold receives a "Buy" rating, with expectations of stock outperformance in 24-36 months due to undervaluation, strong fundamentals, and potential for dividend growth.
Why It Matters - Barrick Gold's undervaluation and strong fundamentals suggest significant upside potential, making it an attractive investment for future returns and growth opportunities.