Barrick Gold (ABX) Stock Forecast & Price Target

C$22.55 +0.16 (+0.71%)

(As of 12/24/2024 01:21 PM ET)

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 11 Analyst Ratings

Sell
0

Hold
3

Buy
8

Based on 11 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 11 analysts, 3 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for ABX.

Consensus Price Target

C$30.17
33.78% Upside

According to the 11 analysts' twelve-month price targets for Barrick Gold, the average price target is C$30.17. The highest price target for ABX is C$38.00, while the lowest price target for ABX is C$21.00. The average price target represents a forecasted upside of 33.78% from the current price of C$22.55.

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ABX Analyst Ratings Over Time

Type	Current Forecast 12/27/23 to 12/26/24	1 Month Ago 11/27/23 to 11/26/24	3 Months Ago 9/28/23 to 9/27/24	1 Year Ago 12/27/22 to 12/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$30.17	C$31.14	C$30.18	C$28.44
Forecasted Upside	33.78% Upside	26.11% Upside	10.31% Upside	16.59% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy

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ABX 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.

ABX 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
Consensus Rating Score	2.82	2.76
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent ABX News	Neutral 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	Royal Bank of Canada 4 of 5 stars		Boost Target	Buy	C$21.00	-5.87%
12/2/2024	Stifel Nicolaus 4 of 5 stars		Lower Target		C$33.50 ➝ C$32.00	+31.31%
11/25/2024	Cibc World Mkts 0 of 5 stars	A. Soni Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/5/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$37.00 ➝ C$36.00	+37.35%
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	Strong-Buy ➝ Hold
10/16/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	C$34.00	+22.57%
Get the Latest News and Ratings for ABX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Barrick Gold and its competitors with MarketBeat's FREE daily newsletter.
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 ➝ Strong-Buy
7/23/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$31.00 ➝ C$33.00	+28.76%
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$36.00 ➝ C$38.00	+53.60%
4/19/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$30.00 ➝ C$28.00	+19.20%
4/12/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$20.70 ➝ C$25.00	+0.08%
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
4/8/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$29.00 ➝ C$31.00	+28.68%
2/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$28.00 ➝ C$24.00	+21.21%
2/15/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	C$31.00	+59.46%
2/16/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$27.00 ➝ C$25.00	+9.46%
1/30/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight	C$26.00	-0.76%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:29 PM ET.

Should I Buy Barrick Gold Stock? ABX 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 Wednesday, December 18, 2024. 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 Co.:

The recent insider buying activity, with a senior officer purchasing 5,778 shares at an average price of C$25.03, indicates confidence in the company's future performance.
Barrick Gold Co. has a strong market capitalization of C$43.28 billion, which reflects its stability and potential for growth in the gold and copper markets.
The company has a solid dividend yield of 2.18%, providing investors with a steady income stream, which is attractive in the current market environment.
With a current stock price of C$24.73, it is trading near its 52-week low of C$18.65, potentially offering a buying opportunity for investors looking for value.
Analysts have a consensus rating of "Moderate Buy" for Barrick Gold Co., with a price target of C$31.14, suggesting potential upside for investors.

Barrick Gold
Bear Case

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

The stock has recently experienced a decline of 3.0%, which may indicate underlying issues or market volatility that could affect future performance.
Barrick Gold Co. has a relatively high debt-to-equity ratio of 14.54, suggesting that the company relies heavily on debt financing, which can be risky in fluctuating markets.
Recent analyst downgrades, including UBS Group lowering its rating from "strong-buy" to "hold," may signal a lack of confidence in the stock's short-term performance.
The company's price-to-earnings (P/E) ratio of 20.78 is higher than the industry average, which could indicate that the stock is overvalued compared to its earnings potential.
Insider selling activity, with a director selling 121,334 shares, may raise concerns about the company's future prospects and the confidence of its leadership.

ABX Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Barrick Gold is C$30.17, with a high forecast of C$38.00 and a low forecast of C$21.00.
: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ABX shares.
: According to analysts, Barrick Gold's stock has a predicted upside of 33.78% based on their 12-month stock forecasts.
: Over the previous 90 days, Barrick Gold's stock had 2 downgrades by analysts.
: Barrick Gold has been rated by research analysts at Cibc World Mkts, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Securities, and UBS Group in the past 90 days.
: Analysts like Barrick Gold more than other "basic materials" companies. The consensus rating score for Barrick Gold is 2.82 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how ABX compares to other companies.

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This page (TSE:ABX) was last updated on 12/26/2024 by MarketBeat.com Staff

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Barrick Gold (ABX) Stock Forecast & Price Target