Barrick Gold (GOLD) Stock Forecast & Price Target

$15.51 -0.33 (-2.08%)

As of 01/6/2025 03:58 PM Eastern

Barrick Gold - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
5

Buy
7

Based on 12 Wall Street analysts who have issued ratings for Barrick Gold in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 5 have given a hold rating, and 7 have given a buy rating for GOLD.

Consensus Price Target

$24.82
60.01% Upside

According to the 12 analysts' twelve-month price targets for Barrick Gold, the average price target is $24.82. The highest price target for GOLD is $38.00, while the lowest price target for GOLD is $17.00. The average price target represents a forecasted upside of 60.01% from the current price of $15.51.

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GOLD Analyst Ratings Over Time

Type	Current Forecast 1/8/24 to 1/7/25	1 Month Ago 12/9/23 to 12/8/24	3 Months Ago 10/10/23 to 10/9/24	1 Year Ago 1/8/23 to 1/8/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$24.82	$25.60	$23.67	$22.17
Forecasted Upside	60.01% Upside	52.65% Upside	20.38% Upside	25.24% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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GOLD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GOLD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Barrick Gold Stock vs. The Competition

Type	Barrick Gold	Basic Materials Companies	S&P 500
Consensus Rating Score	2.58	2.76	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	60.01% Upside	132.57% Upside	14.69% Upside
News Sentiment Rating	Neutral News See Recent GOLD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/20/2024	Citigroup 3 of 5 stars		Lower Target	Neutral	$23.00 ➝ $17.00	+8.83%
11/26/2024	Berenberg Bank 2 of 5 stars		Boost Target		$37.00 ➝ $38.00	+118.64%
11/26/2024	TD Securities 4 of 5 stars		Lower Target	Buy	$26.00 ➝ $25.00	+43.84%
11/25/2024	Cibc World Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Soni Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/25/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$24.00 ➝ $23.00	+30.02%
11/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$26.00 ➝ $25.00	+42.37%
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11/25/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Neutral
10/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Major Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$23.00 ➝ $22.00	+8.48%
9/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$23.00 ➝ $24.00	+15.00%
9/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$21.00 ➝ $22.00	+13.52%
8/29/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Coleman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$24.00	+20.36%
4/17/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$27.00 ➝ $26.00	+55.69%
4/8/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform Overweight
1/8/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
10/4/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Reduce
8/17/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$22.00 ➝ $20.00	+28.62%
8/9/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Buy
5/4/2023	Laurentian Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$5.00 ➝ C$4.70
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$19.00 ➝ $22.00	+15.36%
4/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$26.00 ➝ $28.00	+45.83%
4/20/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$29.00 ➝ C$30.00
3/7/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	$19.02	+20.99%
2/13/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$19.00	+5.97%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:15 AM ET.

Should I Buy Barrick Gold Stock? GOLD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, January 5, 2025. Please send any questions or comments about these Barrick Gold pros and cons to contact@marketbeat.com.

Barrick Gold
Bull Case

Here are some ways that investors could benefit from investing in Barrick Gold Corp:

The company recently announced a quarterly dividend of $0.10 per share, which translates to an annualized dividend of $0.40. This provides a steady income stream for investors, with a current dividend yield of approximately 2.39%.
Analysts have shown a generally positive outlook, with eight analysts issuing a "buy" rating and a consensus price target of $25.60, indicating potential for price appreciation.
Barrick Gold Corp has a solid dividend payout ratio of 43.01%, suggesting that the company is returning a significant portion of its earnings to shareholders while still retaining enough capital for growth.
Recent price target adjustments by analysts, such as Berenberg Bank raising their target from $37.00 to $38.00, reflect confidence in the company's future performance and market position.
The stock is currently trading at a price that reflects a moderate buy rating, which may present a favorable entry point for new investors looking to capitalize on potential growth.

Barrick Gold
Bear Case

Investors should be bearish about investing in Barrick Gold Corp for these reasons:

Some analysts have lowered their price targets, such as TD Securities reducing theirs from $26.00 to $25.00, which may indicate concerns about the stock's near-term performance.
CIBC downgraded Barrick Gold from a "sector outperform" rating to a "neutral" rating, suggesting that the stock may not perform as well as its peers in the sector.
The company operates in a volatile industry, where gold prices can fluctuate significantly due to various economic factors, potentially impacting profitability.
With four analysts rating the stock as a hold, there may be uncertainty regarding its growth potential, which could deter risk-averse investors.
Market conditions and geopolitical factors can adversely affect mining operations, leading to operational risks that could impact the company's financial stability.

GOLD Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Barrick Gold is $24.82, with a high forecast of $38.00 and a low forecast of $17.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GOLD shares.
: According to analysts, Barrick Gold's stock has a predicted upside of 60.01% based on their 12-month stock forecasts.
: Over the previous 90 days, Barrick Gold's stock had 3 downgrades by analysts.
: Barrick Gold has been rated by research analysts at Berenberg Bank, CIBC, Cibc World Mkts, Citigroup, Raymond James, Scotiabank, TD Securities, and UBS Group in the past 90 days.
: Analysts like Barrick Gold less than other "basic materials" companies. The consensus rating score for Barrick Gold is 2.58 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how GOLD compares to other companies.

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This page (NYSE:GOLD) was last updated on 1/7/2025 by MarketBeat.com Staff

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Barrick Gold (GOLD) Stock Forecast & Price Target