NYSE:GOLD

Barrick Gold (GOLD) Stock Forecast, Price & News

$16.99

-0.10 (-0.59%)

(As of 05/26/2023 07:00 PM ET)

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Today's Range: $16.88
▼
$17.42
50-Day Range: $0.90
▼
$20.43
52-Week Range: $13.01
▼
$21.17

Volume: 11.08 million shs
Average Volume: 17.72 million shs
Market Capitalization: $29.82 billion

P/E Ratio: 283.17
Dividend Yield: 2.35%
Price Target: $22.43

Barrick Gold MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 32.5% Upside
$22.52 Price Target
Short Interest: Healthy
1.34% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -6.13
Upright™ Environmental Score
News Sentiment: 0.57
Based on 7 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.

2.19 out of 5 stars

Basic Materials Sector

93rd out of 164 stocks

Gold & Silver Ores Industry

13th out of 31 stocks

3.4

Analyst's Opinion

Consensus Rating
Barrick Gold has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.52, Barrick Gold has a forecasted upside of 32.5% from its current price of $16.99.
Amount of Analyst Coverage
Barrick Gold has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.34% of the float of Barrick Gold has been sold short.
Short Interest Ratio / Days to Cover
Barrick Gold has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Barrick Gold has recently increased by 80.26%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Barrick Gold pays a meaningful dividend of 2.29%, 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 666.67%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Barrick Gold will have a dividend payout ratio of 36.36% next year. This indicates that Barrick Gold will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Barrick Gold has received a -197.45% net impact score from Upright. The largest negative impact of Barrick Gold in category "GHG emissions" is driven by its "Gold" and "Copper" products. See details.
Environmental Sustainability
The Environmental Impact score for Barrick Gold is -6.13.

2.5

News and Social Media Coverage

News Sentiment
Barrick Gold has a news sentiment score of 0.57. 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 higher news sentiment than the 0.31 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Barrick Gold this week, compared to 12 articles on an average week.
Search Interest
118 people have searched for GOLD on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.
MarketBeat Follows
Only 33 people have added Barrick Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

0.8

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 0.63% of the stock of Barrick Gold is held by insiders.
Percentage Held by Institutions
56.82% of the stock of Barrick Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Barrick Gold are expected to grow by 12.24% in the coming year, from $0.98 to $1.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Barrick Gold is 283.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 122.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of Barrick Gold is 283.17, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 81.17.
Price to Earnings Growth Ratio
Barrick Gold has a PEG Ratio of 9.80. 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 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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GOLD Stock News Headlines

May 28, 2023 | americanbankingnews.com

Barrick Gold Corp Announces Quarterly Dividend of $0.07 (NYSE:GOLD)

May 26, 2023 | forbes.com

Why Barrick Stock Is Underperforming Despite Strong Gold Prices

May 29, 2023 | Stocks To Trade (Ad)

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May 24, 2023 | finance.yahoo.com

GOLDMINING ANNOUNCES VOTING RESULTS AND WELCOMES ANNA TUDELA TO THE BOARD OF DIRECTORS

May 22, 2023 | bloomberg.com

All Eyes on Barrick as Gold Rival Newmont Pulls Ahead

May 21, 2023 | finance.yahoo.com

15 Stocks Warren Buffett Sold

May 20, 2023 | americanbankingnews.com

Barrick Gold (NYSE:GOLD) Stock Price Down 3.9%

May 19, 2023 | msn.com

Looking At Barrick Gold's Recent Unusual Options Activity

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May 19, 2023 | finance.yahoo.com

Barrick Gold Corporation: Barrick Gold Earnings: As With Newmont, Sales and Margins Likely to Improve

May 17, 2023 | finance.yahoo.com

Barrick Gold Corporation's (TSE:ABX) Stock Is Going Strong: Have Financials A Role To Play?

May 16, 2023 | msn.com

Newmont and Newcrest agree to gold mining megamerger

May 16, 2023 | msn.com

FACTBOX-Newmont-Newcrest deal unlikely to shake up global gold miners hierarchy

May 15, 2023 | finance.yahoo.com

Midland Signs Definitive Agreement With Barrick for the Patris Gold Property

May 14, 2023 | msn.com

Australian gold miner Newcrest backs Newmont's $17.8 billion offer

May 12, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Materials Stocks: Icl (ICL), Barrick Gold (GOLD) and Gold Royalty (GROY)

May 12, 2023 | finance.yahoo.com

AngloGold Plans to Switch Primary Listing to NYSE, UK Domicile

May 11, 2023 | msn.com

Can the Rally in Canadian Gold Stocks Last?

May 10, 2023 | marketwatch.com

Barrick Gold Corp. stock falls Wednesday, still outperforms market

May 10, 2023 | finance.yahoo.com

10 Best Gold Royalty and Small-Cap Gold Stocks To Buy

May 10, 2023 | americanbankingnews.com

Cormark Comments on Barrick Gold Corp's FY2023 Earnings (NYSE:GOLD)

May 9, 2023 | msn.com

Barrick Gold Shines: How to Capitalize on the Precious Metals Market

May 9, 2023 | proactiveinvestors.com

Barrick Gold shows glint of promise as gold production expected to ramp up in the back half of 2023

May 8, 2023 | marketwatch.com

Barrick Gold Corp. stock falls Monday, underperforms market

May 8, 2023 | msn.com

TSX Gains; Barrick Not Interested in Teck Assets; Enbrige Appoints New CFO

May 8, 2023 | americanbankingnews.com

Brokerages Set Barrick Gold Corp (NYSE:GOLD) Price Target at $24.20

May 7, 2023 | americanbankingnews.com

GoldMining (CVE:GOLD) PT Lowered to C$4.70 at Laurentian

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GOLD Company Calendar

Ex-Dividend for 3/15 Dividend: 2/27/2023
Dividend Payable: 3/15/2023
Last Earnings: 5/03/2023
Today: 5/29/2023
Ex-Dividend for 6/15 Dividend: 5/30/2023
Dividend Payable: 6/15/2023
Next Earnings (Estimated): 8/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:GOLD
CUSIP: N/A
CIK: 756894
Web: www.barrick.com
Phone: 800-720-7415
Fax: 514-985-8843
Employees: 23,000
Year Founded: 1983

Price Target and Rating

Average Stock Price Forecast: $22.52
High Stock Price Forecast: $32.00
Low Stock Price Forecast: $4.70
Forecasted Upside/Downside: +32.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.06
Trailing P/E Ratio: 283.17
Forward P/E Ratio: 17.34
P/E Growth: 9.8
Net Income: $432 million
Net Margins: 1.06%
Pretax Margin: 15.26%
Return on Equity: 3.46%
Return on Assets: 2.39%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 2.71
Quick Ratio: 2.14

Sales & Book Value

Annual Sales: $10.80 billion
Price / Sales: 2.76
Cash Flow: $1.68 per share
Price / Cash Flow: 10.13
Book Value: $17.83 per share
Price / Book: 0.95

Miscellaneous

Outstanding Shares: 1,755,408,000
Free Float: 1,744,349,000
Market Cap: $29.82 billion
Optionable: Optionable
Beta: 0.34

Social Links

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GOLD Stock - Frequently Asked Questions

Should I buy or sell Barrick Gold stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GOLD shares.
View GOLD analyst ratings or view top-rated stocks.
What is Barrick Gold's stock price forecast for 2023?: 8 brokers have issued 12 month price objectives for Barrick Gold's shares. Their GOLD share price forecasts range from $4.70 to $32.00. On average, they expect the company's share price to reach $22.52 in the next year. This suggests a possible upside of 32.5% 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 beginning of 2023. Since then, GOLD stock has increased by 1,787.8% and is now trading at $16.99.
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 May. As of May 15th, there was short interest totaling 23,290,000 shares, an increase of 80.3% from the April 30th total of 12,920,000 shares. Based on an average daily trading volume, of 17,370,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.3% of the shares of the stock 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 Monday, August 14th 2023.
View our GOLD earnings forecast.
How were Barrick Gold's earnings last quarter?: Barrick Gold Corp (NYSE:GOLD) issued its quarterly earnings results on Wednesday, May, 3rd. The gold and copper producer reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The gold and copper producer had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.57 billion. Barrick Gold had a net margin of 1.06% and a trailing twelve-month return on equity of 3.46%. Barrick Gold's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 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, May 3rd. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.074 per share on Thursday, June 15th. This represents a $0.30 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, May 30th.
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 Sprott Gold Miners ETF (SGDM), WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN), VanEck Gold Miners ETF (GDX), SPDR S&P North American Natural Resources ETF (NANR), Roundhill MEME ETF (MEME), Inverse Cramer Tracker ETF (SJIM), Fidelity International High Dividend ETF (FIDI) and Absolute Select Value ETF (ABEQ).

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 2.29%. The dividend payout ratio is 666.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GOLD will have a dividend payout ratio of 36.36% next year. This indicates that the company will be able to sustain or increase its dividend.
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."
Who are Barrick Gold's major shareholders?: Barrick Gold's stock is owned by a variety of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (4.38%), FMR LLC (2.54%), BlackRock Inc. (2.42%), Flossbach Von Storch AG (1.94%), FIL Ltd (1.34%) and Wellington Management Group LLP (1.29%). 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 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 $16.99.
How much money does Barrick Gold make?: Barrick Gold (NYSE:GOLD) has a market capitalization of $29.82 billion and generates $10.80 billion in revenue each year. The gold and copper producer earns $432 million in net income (profit) each year or $0.06 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 5/29/2023 by MarketBeat.com Staff

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