Barrick Gold (GOLD) Stock Forecast & Price Target

$16.81 -0.21 (-1.23%)

(As of 11/13/2024 ET)

Barrick Gold - Analysts' Recommendations and Stock Price Forecast (2024)

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 10 Analyst Ratings

Sell
0

Hold
3

Buy
7

Based on 10 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 10 analysts, 3 have given a hold rating, and 7 have given a buy rating for GOLD.

Consensus Price Target

$23.90
42.18% Upside

According to the 10 analysts' twelve-month price targets for Barrick Gold, the average price target is $23.90. The highest price target for GOLD is $27.00, while the lowest price target for GOLD is $18.00. The average price target represents a forecasted upside of 42.18% from the current price of $16.81.

GOLD Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
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)	8 Buy rating(s)	8 Buy rating(s)	10 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$23.90	$23.60	$22.20	$22.34
Forecasted Upside	42.18% Upside	16.72% Upside	12.63% Upside	43.08% 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	2.70	2.76	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	42.18% Upside	125.78% Upside	8.03% Upside
News Sentiment Rating	Neutral News See Recent GOLD News	Neutral 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
11/8/2024	TD Securities 4 of 5 stars		Lower Target	Buy	$27.00 ➝ $26.00	+42.78%
11/8/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Outperform ➝ Sector Outperform	$25.00 ➝ $24.00	+29.94%
10/30/2024	UBS Group 4 of 5 stars	D. Major Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$23.00 ➝ $22.00	+8.48%
9/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$26.50 ➝ $26.00	+22.70%
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%
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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%
7/10/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$23.00 ➝ $27.00	+51.77%
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
11/28/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$20.00 ➝ $18.00	+3.93%
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 Thursday at 02:41 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 Tuesday, October 29, 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 Corp:

Barrick Gold Corp has received multiple buy ratings from analysts, indicating positive sentiment towards the company's future performance.
The company has shown consistent revenue growth, with a recent increase in earnings per share, reflecting strong financial health.
With a dividend yield of 1.99%, Barrick Gold Corp offers investors a steady income stream through dividends.
Barrick Gold Corp's stock price has been trending upwards, reaching $20.09 on the latest trading day, potentially signaling positive momentum.
The company has a solid quick ratio of 2.31 and a current ratio of 3.01, indicating strong liquidity positions.

Barrick Gold
Bear Case

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

There is a moderate level of debt with a debt-to-equity ratio of 0.15, which may pose some risk in case of economic downturns or financial challenges.

GOLD Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Barrick Gold is $23.90, with a high forecast of $27.00 and a low forecast of $18.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 3 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 42.18% based on their 12-month stock forecasts.
: Over the previous 90 days, Barrick Gold's stock had 1 upgrade and 1 downgrade by analysts.
: Barrick Gold has been rated by research analysts at Argus, Jefferies Financial Group, Raymond James, Royal Bank of Canada, 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 2.70 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 11/14/2024 by MarketBeat.com Staff

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Barrick Gold (GOLD) Stock Forecast & Price Target