Barrick Gold (GOLD) Stock Forecast & Price Target

$15.46 +0.23 (+1.51%)

(As of 12/20/2024 05:45 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 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
60.53% 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 60.53% from the current price of $15.46.

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GOLD Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
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)	7 Buy rating(s)	8 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$24.82	$23.90	$23.30	$22.17
Forecasted Upside	60.53% Upside	31.90% Upside	14.33% Upside	22.07% 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	60.53% Upside	139.04% Upside	14.52% 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%
Get the Latest News and Ratings for GOLD 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.
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 Sunday at 12:46 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 Friday, December 13, 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:

The company recently announced a quarterly dividend of $0.10 per share, which translates to an annualized dividend of $0.40 and a yield of approximately 2.39%. This consistent dividend payment can provide a steady income stream for investors.
As of mid-day trading, Barrick Gold Corp's stock price is $16.90, which is significantly lower than its twelve-month high of $21.35. This may present a buying opportunity for investors looking for potential upside as the stock could rebound towards its previous highs.
Analyst ratings indicate a "Moderate Buy" consensus, with several analysts recently adjusting their price targets upwards, suggesting positive sentiment and potential for price appreciation in the near future.
The company has a relatively low debt-to-equity ratio of 0.14, indicating strong financial health and lower risk, which can be appealing to risk-averse investors.
Barrick Gold Corp has a solid market capitalization of $29.54 billion, which reflects its stability and established presence in the gold and copper production sector, making it a potentially safer investment in the commodities market.

Barrick Gold
Bear Case

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

The stock has recently traded down by 2.7%, indicating potential volatility and uncertainty in the market, which could deter risk-averse investors.
Despite the positive analyst ratings, the price targets have been adjusted downwards by some analysts, suggesting that there may be concerns about the company's short-term performance.
The company's price-to-earnings (P/E) ratio is 18.28, which may be considered high compared to industry averages, potentially indicating that the stock is overvalued at its current price.
With a PEG ratio of 0.48, while this suggests growth potential, it also indicates that the stock may not be growing as quickly as expected, which could be a red flag for growth-focused investors.
The recent dividend payout ratio of 43.01% indicates that a significant portion of earnings is being paid out as dividends, which may limit the funds available for reinvestment in the business, potentially affecting long-term growth.

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 research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GOLD shares.
: According to analysts, Barrick Gold's stock has a predicted upside of 60.53% 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 12/21/2024 by MarketBeat.com Staff

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Barrick Gold (GOLD) Stock Forecast & Price Target