S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
NYSE:GOLD

Barrick Gold (GOLD) Stock Price, News & Analysis

$17.10
+0.12 (+0.71%)
(As of 04/19/2024 08:50 PM ET)
Today's Range
$16.82
$17.24
50-Day Range
$14.06
$18.04
52-Week Range
$13.76
$20.75
Volume
25.61 million shs
Average Volume
22.72 million shs
Market Capitalization
$30.02 billion
P/E Ratio
23.75
Dividend Yield
2.34%
Price Target
$21.60

Barrick Gold MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
26.3% Upside
$21.60 Price Target
Short Interest
Healthy
0.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.13
Upright™ Environmental Score
News Sentiment
0.28mentions of Barrick Gold in the last 14 days
Based on 47 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
38.89%
From $0.90 to $1.25 Per Share

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.

4.97 out of 5 stars

Basic Materials Sector

1st out of 173 stocks

Gold & Silver Ores Industry

1st out of 37 stocks

GOLD stock logo

About Barrick Gold Stock (NYSE:GOLD)

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 Stock Price History

GOLD Stock News Headlines

Gold Rush: Exploring 5 Sector Giants Amidst Soaring Prices
Gold has reached new all-time highs, defying expectations amidst a robust U.S. economy and soaring stock markets. Its rally seems unstoppable, with gold trading at around $2,300 per ounce, marking an 11% increase year-to-date and a staggering 16% gain over the past 12 months.
Gold Rush: Exploring 5 Sector Giants Amidst Soaring Prices (GOLD)
Gold has surged to new all-time highs, defying expectations amidst a robust U.S. economy and soaring stock market trading near all highs
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
3 Blue-Chip Stocks to Buy as High Inflation Persists
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Barrick Gold: Significant Margin Recovery On Deck
Barrick Gold On Track to Achieve 2024 Targets
Barrick Gold Preliminary Q1 Gold Production Down Sequentially
Barrick On Track to Achieve 2024 Targets
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
4/22/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
Employees
24,600
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$21.60
High Stock Price Target
$26.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+26.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
24.69%

Debt

Sales & Book Value

Annual Sales
$11.40 billion
Cash Flow
$2.00 per share
Book Value
$18.23 per share

Miscellaneous

Outstanding Shares
1,755,640,000
Free Float
1,744,575,000
Market Cap
$30.02 billion
Optionable
Optionable
Beta
0.58

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

Pros

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

  • Barrick Gold Corp reported earnings per share that exceeded analyst estimates, indicating strong financial performance.
  • The company has a diversified portfolio with assets in multiple countries, reducing geopolitical risk.
  • Barrick Gold Corp operates the world's largest gold mining complex, Nevada Gold Mines, providing significant production scale.
  • The stock price of Barrick Gold Corp has shown resilience, with a 1-year high of $20.75, indicating potential for capital appreciation.
  • Barrick Gold Corp focuses on high-margin, long-life assets, which can lead to sustainable profitability.

Cons

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

  • The stock of Barrick Gold Corp has experienced a decline of 1.8%, indicating potential volatility in share price.
  • The company's price-to-earnings ratio of 21.56 may suggest the stock is currently overvalued compared to industry peers.
  • Barrick Gold Corp's debt-to-equity ratio of 0.15 may raise concerns about the company's leverage and financial stability.
  • Market conditions for gold and copper prices can be volatile, impacting Barrick Gold Corp's revenue and profitability.
  • Institutional investors and hedge funds own a significant portion of Barrick Gold Corp's stock, potentially limiting individual investor influence.
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.

GOLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Barrick Gold stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 1 sell rating, 3 hold ratings and 10 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 target for 2024?

14 brokerages have issued twelve-month price targets for Barrick Gold's shares. Their GOLD share price targets range from $18.00 to $26.00. On average, they expect the company's share price to reach $21.60 in the next twelve months. This suggests a possible upside of 26.3% 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 2024?

Barrick Gold's stock was trading at $18.09 at the beginning of 2024. Since then, GOLD stock has decreased by 5.5% and is now trading at $17.10.
View the best growth stocks for 2024 here
.

Are investors shorting Barrick Gold?

Barrick Gold saw a decrease in short interest in March. As of March 31st, there was short interest totaling 12,479,900 shares, a decrease of 5.2% from the March 15th total of 13,170,000 shares. Based on an average trading volume of 21,663,400 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company's shares are short sold.
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 Wednesday, May 1st 2024.
View our GOLD earnings forecast
.

How can I listen to Barrick Gold's earnings call?

Barrick Gold will be holding an earnings conference call on Wednesday, May 1st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 604-674-8052 with passcode "0799#".

How were Barrick Gold's earnings last quarter?

Barrick Gold Corp (NYSE:GOLD) released its earnings results on Wednesday, February, 14th. The gold and copper producer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The gold and copper producer had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.13 billion. Barrick Gold had a trailing twelve-month return on equity of 4.64% and a net margin of 11.16%. During the same quarter in the previous year, the firm earned $0.13 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 Wednesday, February 14th. Investors of record on Thursday, February 29th will be paid a dividend of $0.074 per share on Friday, March 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, February 28th.
Read our dividend analysis for GOLD
.

Is Barrick Gold a good dividend stock?

Barrick Gold (NYSE:GOLD) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.36%. The dividend payout ratio is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOLD will have a dividend payout ratio of 32.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GOLD.

What ETFs hold Barrick Gold's stock?

ETFs with the largest weight of Barrick Gold (NYSE:GOLD) stock in their portfolio include SPDR S&P North American Natural Resources ETF (NANR).iShares North American Natural Resources ETF (IGE).

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).

Who are Barrick Gold's major shareholders?

Barrick Gold's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.28%), Perpetual Ltd (0.26%), Addenda Capital Inc. (0.13%), Financial Sense Advisors Inc. (0.05%), Allspring Global Investments Holdings LLC (0.05%) and Foundation Resource Management Inc. (0.04%). Insiders that own company stock include Garnet L Dawson, Herb Dhaliwal and Paulo Valle Pereira Neto.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GOLD) was last updated on 4/22/2024 by MarketBeat.com Staff

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