Should I buy or sell Barrick Gold stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ABX shares. View ABX analyst ratings or view top-rated stocks .

What is Barrick Gold's stock price target for 2024?

8 brokers have issued 12 month price objectives for Barrick Gold's stock. Their ABX share price targets range from C$24.00 to C$31.00. On average, they anticipate the company's share price to reach C$28.10 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price. View analysts price targets for ABX or view top-rated stocks among Wall Street analysts .

How have ABX shares performed in 2024?

Barrick Gold's stock was trading at C$23.94 on January 1st, 2024. Since then, ABX stock has decreased by 3.8% and is now trading at C$23.02. View the best growth stocks for 2024 here .

When is Barrick Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our ABX earnings forecast .

How were Barrick Gold's earnings last quarter?

Barrick Gold Co. (TSE:ABX) issued its quarterly earnings data on Wednesday, February, 14th. The basic materials company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.09. The basic materials company earned $4.16 billion during the quarter, compared to the consensus estimate of $4.28 billion. Barrick Gold had a net margin of 11.16% and a trailing twelve-month return on equity of 6.17%.

How often does Barrick Gold pay dividends? What is the dividend yield for Barrick Gold?

Barrick Gold declared a quarterly dividend on Wednesday, February 14th. Investors of record on Thursday, February 29th will be paid a dividend of 0.10 per share on Friday, March 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, February 28th. Read our dividend analysis for ABX .

Is Barrick Gold a good dividend stock?

Barrick Gold (TSE:ABX) pays an annual dividend of C$0.54 per share and currently has a dividend yield of 2.20%. The dividend payout ratio is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for ABX .

What other stocks do shareholders of Barrick Gold own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Barrick Gold investors own include Barrick Gold (GOLD) , NVIDIA (NVDA) , Bank of Nova Scotia (BNS) , AT&T (T) , Enbridge (ENB) , Suncor Energy (SU) , Toronto-Dominion Bank (TD) , Canadian Natural Resources (CNQ) , Royal Bank of Canada (RY) and AbbVie (ABBV) .

How do I buy shares of Barrick Gold?

Shares of ABX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:ABX

Barrick Gold (ABX) Stock Price, News & Analysis

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Free ABX Stock Alerts

C$23.02

+0.24 (+1.05%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$22.75
▼
C$23.24
50-Day Range: C$19.04
▼
C$24.67
52-Week Range: C$18.65
▼
C$28.19

Volume: 3.33 million shs
Average Volume: 3.40 million shs
Market Capitalization: C$40.52 billion

P/E Ratio: 23.25
Dividend Yield: 2.35%
Price Target: C$28.10

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Barrick Gold MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 22.1% Upside
C$28.10 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.01
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.55 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Barrick Gold has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Barrick Gold has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for ABX.

1.7

Dividend Strength

Dividend Yield
Barrick Gold pays a meaningful dividend of 2.20%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Barrick Gold does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Barrick Gold is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ABX.

1.7

News and Social Media Coverage

News Sentiment
Barrick Gold has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.34 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Barrick Gold this week, compared to 3 articles on an average week.
Search Interest
12 people have searched for ABX on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Barrick Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Barrick Gold insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.62% of the stock of Barrick Gold is held by insiders.
Percentage Held by Institutions
63.69% of the stock of Barrick Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Barrick Gold is 23.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Barrick Gold is 23.25, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 140.31.
Price to Earnings Growth Ratio
Barrick Gold has a PEG Ratio of 1.94. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Barrick Gold has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Barrick Gold Stock (TSE:ABX)

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located in the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.

ABX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ABX Stock News Headlines

April 17, 2024 | americanbankingnews.com

Barrick Gold (TSE:ABX) Given Buy Rating at TD Securities

April 16, 2024 | seekingalpha.com

Barrick Gold Stock: Is It A Buy On The Dip Ahead Of Earnings?

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 16, 2024 | msn.com

Barrick Gold (NYSE:GOLD) Faces a New Threat to Mali Gold Operations

April 16, 2024 | msn.com

Canadian miner Barrick reports lower preliminary gold, copper output for first quarter

April 16, 2024 | seekingalpha.com

Barrick under pressure in Mali as regime eyes control of mining complex - report

April 14, 2024 | americanbankingnews.com

Barrick Gold (TSE:ABX) PT Raised to C$25.00 at Veritas Investment Research

April 9, 2024 | finance.yahoo.com

Notice of Release of Barrick’s First Quarter 2024 Results

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 9, 2024 | americanbankingnews.com

Barrick Gold (TSE:ABX) PT Raised to C$31.00

April 2, 2024 | msn.com

2 Low-Volatility Stocks to Play it Safe in April

March 29, 2024 | finanznachrichten.de

Barrick Gold Corporation: Strategy-Driven Barrick Builds on Value Foundation

March 28, 2024 | theglobeandmail.com

Barrick settles lawsuit with Tanzanian villagers who alleged security abuses

March 18, 2024 | finanznachrichten.de

Barrick Gold Corporation: Barrick Opens Academy at Closed Buzwagi Mine

March 17, 2024 | finance.yahoo.com

GOLD Mar 2024 14.500 call

March 16, 2024 | finance.yahoo.com

GOLD Mar 2024 18.000 put

March 16, 2024 | finance.yahoo.com

GOLD Mar 2024 12.000 call

March 15, 2024 | benzinga.com

A Closer Look at Barrick Gold's Options Market Dynamics

March 12, 2024 | finance.yahoo.com

GOLD Apr 2024 16.500 put

March 12, 2024 | finance.yahoo.com

GOLD Apr 2024 13.500 call

March 4, 2024 | finance.yahoo.com

GOLD Apr 2024 16.000 call

March 3, 2024 | finance.yahoo.com

GOLD Mar 2024 30.000 put

March 3, 2024 | finance.yahoo.com

How to Invest in a Bull Market

March 3, 2024 | finance.yahoo.com

GOLD Sep 2024 29.000 call

March 2, 2024 | finance.yahoo.com

GOLD Sep 2024 6.000 call

March 1, 2024 | finance.yahoo.com

GOLD Mar 2024 13.500 call

February 29, 2024 | finance.yahoo.com

25 Countries with Most Gold Reserves in 2024

See More Headlines

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Company Calendar

Last Earnings: 2/14/2024
Ex-Dividend for 3/15 Dividend: 2/28/2024
Dividend Payable: 3/15/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/01/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Gold
Sub-Industry: N/A
Current Symbol: TSE:ABX
CUSIP: N/A
CIK: N/A
Web: www.barrick.com
Phone: +1-416-3077470
Fax: N/A
Employees: 17,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$28.10
High Stock Price Target: C$31.00
Low Stock Price Target: C$24.00
Potential Upside/Downside: +22.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.99
Trailing P/E Ratio: 23.25
Forward P/E Ratio: 19.23
P/E Growth: 1.94
Net Income: C$1.27 billion
Net Margins: 11.16%
Pretax Margin: N/A
Return on Equity: 6.17%
Return on Assets: 3.36%

Debt

Debt-to-Equity Ratio: 16.32
Current Ratio: 3.16
Quick Ratio: 2.62

Sales & Book Value

Annual Sales: C$11.40 billion
Price / Sales: 3.55
Cash Flow: C$3.18 per share
Price / Cash Flow: 7.23
Book Value: C$13.30 per share
Price / Book: 1.73

Miscellaneous

Outstanding Shares: 1,760,000,000
Free Float: N/A
Market Cap: C$40.52 billion
Optionable: Not Optionable
Beta: 0.46

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Key Executives

Dr. Dennis Mark Bristow (Age 65)
President, CEO, Member of International Advisory Board & Director
Comp: $8.15M
Mr. Graham Patrick Shuttleworth (Age 55)
Senior EVP & CFO
Comp: $3.96M
Mr. Kevin J. Thomson (Age 67)
Senior Executive Vice President of Strategic Matters
Comp: $3.71M
Mr. Mark F. Hill B.Eng (Age 59)
Chief Operating Officer of Latin America & Asia Pacific
Comp: $3.18M
Ms. Christine Keener (Age 48)
Chief Operating Officer of North America
Comp: $4.48M
Ms. Lois V. Wark (Age 68)
Group Corporate Communications & Investor Relations Executive
Ms. Poupak Bahamin (Age 53)
General Counsel
Mr. Darian Kevin Rich (Age 63)
Human Resources Executive
Mike Estes
Chief Financial Officer of Barrick Nevada
Mr. Grant Beringer (Age 43)
Group Sustainability Executive

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

Pros

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

Barrick Gold recently declared a quarterly dividend, indicating a commitment to rewarding shareholders with a $0.10 dividend per share.
The company has a diversified portfolio of gold and copper properties in various countries, providing exposure to different markets and commodities.
With ownership interests in producing gold mines across multiple countries, Barrick Gold has a geographically diversified revenue stream.
The current dividend yield of 1.65% offers investors a potential source of passive income.
Despite market fluctuations, Barrick Gold's dividend payout ratio of 55.10% suggests a stable dividend policy.

Cons

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

The mining industry is subject to commodity price volatility, which can impact Barrick Gold's profitability and stock performance.
Global economic conditions and geopolitical factors can influence the demand for precious metals, affecting Barrick Gold's revenue and earnings.
Environmental regulations and community relations in mining operations may pose challenges and additional costs for Barrick Gold.
Fluctuations in currency exchange rates can impact the company's financial results, especially in regions where it operates mines.
Investors should consider the cyclical nature of the mining industry, which can lead to periods of underperformance for Barrick Gold's stock.

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, April 10, 2024. Please send any questions or comments about these Barrick Gold pros and cons to contact@marketbeat.com.

ABX Stock Analysis - Frequently Asked Questions

Should I buy or sell Barrick Gold stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ABX shares.
View ABX analyst ratings or view top-rated stocks.
What is Barrick Gold's stock price target for 2024?: 8 brokers have issued 12 month price objectives for Barrick Gold's stock. Their ABX share price targets range from C$24.00 to C$31.00. On average, they anticipate the company's share price to reach C$28.10 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for ABX or view top-rated stocks among Wall Street analysts.
How have ABX shares performed in 2024?: Barrick Gold's stock was trading at C$23.94 on January 1st, 2024. Since then, ABX stock has decreased by 3.8% and is now trading at C$23.02.
View the best growth stocks for 2024 here.
When is Barrick Gold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ABX earnings forecast.
How were Barrick Gold's earnings last quarter?: Barrick Gold Co. (TSE:ABX) issued its quarterly earnings data on Wednesday, February, 14th. The basic materials company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.09. The basic materials company earned $4.16 billion during the quarter, compared to the consensus estimate of $4.28 billion. Barrick Gold had a net margin of 11.16% and a trailing twelve-month return on equity of 6.17%.

How often does Barrick Gold pay dividends? What is the dividend yield for Barrick Gold?: Barrick Gold declared a quarterly dividend on Wednesday, February 14th. Investors of record on Thursday, February 29th will be paid a dividend of 0.10 per share on Friday, March 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, February 28th.
Read our dividend analysis for ABX.
Is Barrick Gold a good dividend stock?: Barrick Gold (TSE:ABX) pays an annual dividend of C$0.54 per share and currently has a dividend yield of 2.20%. The dividend payout ratio is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ABX.
What other stocks do shareholders of Barrick Gold own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Barrick Gold investors own include Barrick Gold (GOLD), NVIDIA (NVDA), Bank of Nova Scotia (BNS), AT&T (T), Enbridge (ENB), Suncor Energy (SU), Toronto-Dominion Bank (TD), Canadian Natural Resources (CNQ), Royal Bank of Canada (RY) and AbbVie (ABBV).
How do I buy shares of Barrick Gold?: Shares of ABX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ABX) was last updated on 4/18/2024 by MarketBeat.com Staff

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Barrick Gold (ABX) Stock Price, News & Analysis

Barrick Gold MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Barrick Gold Stock (TSE:ABX)

ABX Stock Price History

ABX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

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

Pros

Cons

ABX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™