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Barrick Gold (GOLD) Stock Forecast, Price & News

$14.23
-0.32 (-2.20%)
(As of 10/2/2023 ET)
Compare
Today's Range
$14.03
$14.38
50-Day Range
$14.23
$17.54
52-Week Range
$13.01
$20.75
Volume
16.49 million shs
Average Volume
15.82 million shs
Market Capitalization
$24.98 billion
P/E Ratio
237.17
Dividend Yield
2.88%
Price Target
$24.12

Barrick Gold MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
69.5% Upside
$24.12 Price Target
Short Interest
Healthy
2.12% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.13
Upright™ Environmental Score
News Sentiment
0.86mentions of Barrick Gold in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.24%
From $0.98 to $1.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Basic Materials Sector

95th out of 169 stocks

Gold & Silver Ores Industry

17th out of 34 stocks


GOLD stock logo

About Barrick Gold (NYSE:GOLD) Stock

Barrick Gold Corp is a global mining company in North America, South America, Africa and Australia. The company primarily focuses on the exploration and production of gold and copper, with additional interests in silver and other minerals. Founded in 1983, Barrick Gold has become one of the largest gold mining companies in the world, with a market capitalization of over $45 billion as of February 2023.

The company's flagship mine is the Cortez Gold Mine in Nevada, which has been in operation for over 50 years and is one of the largest gold mines in the world. Barrick Gold also has significant operations in other regions, including South America, where it operates the Pueblo Viejo mine in the Dominican Republic and the Veladero mine in Argentina. In Africa, the company operates the Kibali mine in the Democratic Republic of Congo and the Loulo-Gounkoto mine complex in Mali. In addition to gold mining, Barrick Gold has begun exploring copper and other minerals, with significant projects in Chile and Saudi Arabia.

As a significant player in the mining industry, Barrick Gold has faced many challenges over the years. One of the biggest challenges for the company has been managing its environmental impact. The mining industry is notorious for its effect on the environment, with mines often leaving behind polluted water, soil and air. In recent years, Barrick Gold has made a concerted effort to reduce its environmental impact, including investing in renewable energy and water treatment technology.

In addition to environmental concerns, Barrick Gold has also faced challenges related to its social impact. For example, mining companies often operate in remote regions where local communities may depend on the land for their livelihoods. To address these concerns, Barrick Gold has developed several programs to support local communities, including providing education and healthcare services, creating jobs and supporting local businesses.

Despite these challenges, Barrick Gold has continued to be a profitable company, with strong financial performance over the years. The profitability was partly due to the rising price of gold, driven higher by economic uncertainty and geopolitical tensions. While the price of gold can be volatile, many analysts believe it will continue to be a haven for investors in times of economic uncertainty.

Investing in Barrick Gold can be a way for investors to gain exposure to the gold mining industry, which has historically been a haven for investors during economic uncertainty. However, it is essential to remember that investing in mining companies like Barrick Gold can be risky, as the price of gold can be volatile, and mining operations can be affected by various factors, including environmental regulations, labor disputes and geopolitical tensions.

One potential risk for investors in Barrick Gold is the company's reliance on a few critical mines for most of its production. While the company has a number of mines in operation, a significant portion of its production comes from just a few mines, including the Cortez mine in Nevada and the Pueblo Viejo mine in the Dominican Republic. Any disruptions to these mines, such as labor strikes or environmental regulations, could significantly impact the company's financial performance.

Another risk for investors in Barrick Gold is the potential for political instability in regions where the company operates. Many of the company's mines are in countries with less stable political environments, such as the Democratic Republic of Congo and Argentina. Any political upheaval in these regions could disrupt the company's operations and negatively impact its financial performance.

GOLD Price History

GOLD Stock News Headlines

Barrick Gold (GOLD) Stock Moves -0.07%: What You Should Know
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Is It Time for Gold Stocks to Shine?
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Copper as lifeline and as investment
Barrick Gold (NYSE: GOLD) Looking to End Expanded Flat
Barrick Gold: You Can't Win If You Have No Patience
See More Headlines
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GOLD Company Calendar

Last Earnings
8/08/2023
Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Today
10/03/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
Employees
23,000
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$24.12
High Stock Price Forecast
$43.25
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+69.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$432 million
Pretax Margin
15.26%

Debt

Sales & Book Value

Annual Sales
$10.78 billion
Cash Flow
$1.40 per share
Book Value
$17.83 per share

Miscellaneous

Outstanding Shares
1,755,468,000
Free Float
1,744,349,000
Market Cap
$24.98 billion
Optionable
Optionable
Beta
0.38

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Key Executives

  • Mr. John Lawson Thornton (Age 64)
    Exec. Chairman & Member of International Advisory Board
  • Ms. Catherine P. Raw CFA (Age 36)
    Exec. VP & CFO
  • Mr. Mark F. Hill B.Eng (Age 53)
    Chief Investment Officer
  • Mr. Kevin J. Thomson (Age 61)
    Sr. Exec. VP of Strategic Matters
  • Mr. Greg A.P. Walker (Age 57)
    Sr. VP of Operational & Technical













GOLD Stock - Frequently Asked Questions

Should I buy or sell Barrick Gold stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GOLD shares.
View GOLD analyst ratings
or view top-rated stocks.

What is Barrick Gold's stock price forecast for 2023?

10 brokerages have issued 1 year price targets for Barrick Gold's shares. Their GOLD share price forecasts range from $19.00 to $43.25. On average, they anticipate the company's share price to reach $24.12 in the next twelve months. This suggests a possible upside of 69.5% from the stock's current price.
View analysts price targets for GOLD
or view top-rated stocks among Wall Street analysts.

How have GOLD shares performed in 2023?

Barrick Gold's stock was trading at $0.90 at the start of the year. Since then, GOLD shares have increased by 1,481.1% and is now trading at $14.23.
View the best growth stocks for 2023 here
.

Are investors shorting Barrick Gold?

Barrick Gold saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 35,750,000 shares, an increase of 43.1% from the August 15th total of 24,980,000 shares. Based on an average daily volume of 13,250,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.1% of the shares of the company are sold short.
View Barrick Gold's Short Interest
.

When is Barrick Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our GOLD earnings forecast
.

How were Barrick Gold's earnings last quarter?

Barrick Gold Corp (NYSE:GOLD) posted its quarterly earnings data on Tuesday, August, 8th. The gold and copper producer reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The gold and copper producer had revenue of $2.83 billion for the quarter, compared to analysts' expectations of $3.40 billion. Barrick Gold had a net margin of 1.06% and a trailing twelve-month return on equity of 3.46%. During the same period in the previous year, the company earned $0.24 earnings per share.

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

Barrick Gold declared a quarterly dividend on Tuesday, August 8th. Investors of record on Thursday, August 31st will be given a dividend of $0.10 per share on Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for GOLD
.

What ETFs hold Barrick Gold's stock?
Is Barrick Gold a good dividend stock?

Barrick Gold (NYSE:GOLD) pays an annual dividend of $0.41 per share and currently has a dividend yield of 2.82%.
Read our dividend analysis for GOLD.

What is Mark Bristow's approval rating as Barrick Gold's CEO?

22 employees have rated Barrick Gold Chief Executive Officer Mark Bristow on Glassdoor.com. Mark Bristow has an approval rating of 79% among the company's employees.

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 NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), AT&T (T), Tesla (TSLA), Micron Technology (MU), Newmont (NEM), Cisco Systems (CSCO), Intel (INTC) and Walt Disney (DIS).

What is Barrick Gold's stock symbol?

Barrick Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "GOLD."

How do I buy shares of Barrick Gold?

Shares of GOLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Barrick Gold's stock price today?

One share of GOLD stock can currently be purchased for approximately $14.23.

How much money does Barrick Gold make?

Barrick Gold (NYSE:GOLD) has a market capitalization of $24.98 billion and generates $10.78 billion in revenue each year. The gold and copper producer earns $432 million in net income (profit) each year or ($0.04) on an earnings per share basis.

How many employees does Barrick Gold have?

The company employs 23,000 workers across the globe.

How can I contact Barrick Gold?

Barrick Gold's mailing address is 161 BAY STREET BROOKFIELD PLACE TD CANADA TRUST TOWER SUITE 3700, Toronto A6, M5J2S1. The official website for the company is www.barrick.com. The gold and copper producer can be reached via phone at 800-720-7415, via email at investor@barrick.com, or via fax at 514-985-8843.

This page (NYSE:GOLD) was last updated on 10/3/2023 by MarketBeat.com Staff

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