Barrick Gold (ABX) Stock Forecast & Price Target

C$22.90 -0.31 (-1.34%)

As of 01/21/2025 04:00 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 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$30.38
32.68% Upside

According to the 11 analysts' twelve-month price targets for Barrick Gold, the average price target is C$30.38. 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 32.68% from the current price of C$22.90.

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ABX Analyst Ratings Over Time

Type	Current Forecast 1/23/24 to 1/22/25	1 Month Ago 12/24/23 to 12/23/24	3 Months Ago 10/25/23 to 10/24/24	1 Year Ago 1/23/23 to 1/23/24
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)	7 Buy rating(s)	6 Buy rating(s)	6 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$30.38	C$30.17	C$30.77	C$29.55
Forecasted Upside	32.68% Upside	34.73% Upside	9.32% Upside	37.00% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy

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
1/16/2025	National Bankshares 2 of 5 stars		Lower Target	Sector Perform	C$26.00 ➝ C$24.00	+5.45%
1/15/2025	Canaccord Genuity Group 1 of 5 stars		Lower Target		C$33.50 ➝ C$30.00	+32.74%
1/14/2025	TD Cowen 5 of 5 stars		Reiterated Rating	Buy	C$36.00	+62.31%
12/20/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$21.00	-5.87%
12/2/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$33.50 ➝ C$32.00	+31.31%
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
11/5/2024	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%
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
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.
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%
4/12/2024	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 Wednesday at 02:03 AM 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 Sunday, January 19, 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 Co.:

The recent increase in the quarterly dividend to $0.138, representing a 1.96% yield, indicates a commitment to returning value to shareholders.
Analysts have raised the FY2025 earnings per share (EPS) forecast to $3.16, suggesting strong future profitability and growth potential.
With a current stock price of C$28.15, Barrick Gold Co. is trading near its 12-month high of C$29.50, reflecting positive market sentiment.
The company has a solid market capitalization of C$49.26 billion, indicating stability and a strong position in the market.
Barrick Gold Co. has a low beta of 0.48, suggesting that its stock is less volatile compared to the market, which can be attractive for risk-averse investors.

Barrick Gold
Bear Case

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

The high debt-to-equity ratio of 14.54 may indicate that the company is heavily reliant on debt financing, which can pose risks in a rising interest rate environment.
Despite recent positive earnings, the P/E ratio of 23.66 suggests that the stock may be overvalued compared to its earnings, which could deter value investors.
The quick ratio of 2.62, while above 1, indicates that the company may have liquidity concerns if it faces short-term financial obligations.
Insider selling activity, with over 235,000 shares sold recently, could signal a lack of confidence from those closest to the company.
The company's revenue growth may be impacted by fluctuations in gold prices, which can be unpredictable and affect overall profitability.

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$30.38, 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 twelve months. 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 32.68% 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 Canaccord Genuity Group, Cibc World Mkts, National Bankshares, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, 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 1/22/2025 by MarketBeat.com Staff

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Barrick Gold (ABX) Stock Forecast & Price Target