Barrick Gold Corp

Barrick Gold Corp Stock Forecast & Price Prediction

Live Barrick Gold Corp Stock (GOLD) Price
$16.79

4

Ratings

  • Buy 3
  • Hold 1
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$16.79

P/E Ratio

18.50

Volume Traded Today

$24.2M

Dividend

$0.1

52 Week High/low

21.35/13.76

Barrick Gold Corp Market Cap

$29.77B

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GOLD Summary

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 Analyst Ratings

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.

GOLD stock forecast by analyst

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

GOLD Company Information

What They Do: Explores and produces gold and copper resources.

Business Model: The company generates revenue through the exploration, development, production, and sale of gold and copper. It has operational mines across various countries and also diversifies its portfolio by exploring silver and energy materials, enhancing its revenue streams.

Other Information: Founded in 1983 and headquartered in Toronto, Canada, Barrick Gold has a significant global presence with interests in multiple producing mines and various projects across the Americas, Asia, and Africa.
GOLD
Barrick Gold Corp (GOLD)

When did it IPO

1985

Staff Count

0

Country

Canada

Sector/Industry

Basic Materials/Gold

CEO

Dr. Dennis Mark Bristow

Market Cap

$29.77B

Barrick Gold Corp (GOLD) Financial Data

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

$12.60B

Revenue From 2021

$11.99B

-4.84 %
From Previous Year

Revenue From 2022

$11.01B

-8.11 %
From Previous Year

Revenue From 2023

$11.40B

3.49 %
From Previous Year
  • Revenue TTM $12.34B
  • Operating Margin TTM 30.9%
  • Gross profit TTM $3.47B
  • Return on assets TTM 4.1%
  • Return on equity TTM 7.7%
  • Profit Margin 13.2%
  • Book Value Per Share 13.63%
  • Market capitalisation $29.77B
  • Revenue for 2021 $11.99B
  • Revenue for 2022 $11.01B
  • Revenue for 2023 $11.40B
  • EPS this year (TTM) $0.92

Barrick Gold Corp (GOLD) Latest News

News Image

Mon, 11 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Fri, 08 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

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.

News Image

Fri, 08 Nov 2024

Sentiment - NEUTRAL

Source - Schwab Network

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.

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - Bloomberg Markets and Finance

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.

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - Proactive Investors

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.

News Image

Tue, 05 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

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.

...

GOLD Frequently asked questions

The highest forecasted price for GOLD is $28 from Daniel Major at UBS.

The lowest forecasted price for GOLD is $22 from Michael Jalonen from B of A Securities

The GOLD analyst ratings consensus are 3 buy ratings, 1 hold ratings, and 0 sell ratings.