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Barrick Gold Stock Price, News & Analysis (NYSE:GOLD)

$17.42
-0.11 (-0.63%)
(As of 12/5/2023 ET)
Compare
Today's Range
$17.23
$17.52
50-Day Range
$14.19
$17.71
52-Week Range
$13.82
$20.75
Volume
16.18 million shs
Average Volume
16.22 million shs
Market Capitalization
$30.58 billion
P/E Ratio
580.67
Dividend Yield
2.30%
Price Target
$23.45

Barrick Gold MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
34.6% Upside
$23.45 Price Target
Short Interest
Healthy
1.55% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.13
Upright™ Environmental Score
News Sentiment
0.70mentions of Barrick Gold in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
38.27%
From $0.81 to $1.12 Per Share

Overall MarketRank

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

2.74 out of 5 stars

Basic Materials Sector

17th out of 176 stocks

Gold & Silver Ores Industry

3rd out of 29 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

Have investors struck gold with Newmont's 4.7% yield? (GOLD)
Newmont’s 4.7% forward dividend yield and depressed stock price have presented a shiny opportunity for income investors.
Barrick Named Tanzania’s Employer of the Year
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Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
President of Barrick Gold Dennis Bristow Buys 1.8% More Shares
Barrick Gold (NYSE:GOLD) Given New $18.00 Price Target at Citigroup
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Traders Buy High Volume of Barrick Gold Call Options (NYSE:GOLD)
Xali Gold Signs Agreement with Barrick in Peru
Barrick Gold Corp's Dividend Analysis
Barrick Gold Stock: 4 Reasons To Buy It Hand-Over-Fist
20 Most Valuable Mining Companies in the World
Barrick (GOLD) Buys Hercules' Warrants, Increases Stake
Barrick Gold Announces Additional Investment in Hercules Silver
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Last Earnings
11/02/2023
Ex-Dividend for 12/15 Dividend
11/29/2023
Today
12/05/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

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 Target
$23.45
High Stock Price Target
$43.25
Low Stock Price Target
$15.00
Potential Upside/Downside
+34.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$432 million
Pretax Margin
9.86%

Debt

Sales & Book Value

Annual Sales
$11.01 billion
Cash Flow
$1.86 per share
Book Value
$17.83 per share

Miscellaneous

Outstanding Shares
1,755,520,000
Free Float
1,744,463,000
Market Cap
$30.58 billion
Optionable
Optionable
Beta
0.49

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Barrick Gold was last updated on Sunday, December 3, 2023 at 4:56 PM.

Pros

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

  • The recent quarterly earnings report showed that Barrick Gold exceeded the consensus estimate for earnings per share, indicating strong financial performance.
  • Barrick Gold had a net margin of 0.52% and a return on equity of 3.88%, suggesting efficient use of resources and profitability.
  • The company announced a quarterly dividend, providing potential income for investors.
  • Barrick Gold's revenue for the quarter was up 13.3% on a year-over-year basis, indicating growth in the business.
  • The stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.18, suggesting positive sentiment and potential for price appreciation.

Cons

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

  • Some analysts have downgraded their rating on Barrick Gold, indicating potential concerns about the company's future performance.
  • The dividend payout ratio is currently 1,333.33%, which may raise questions about the sustainability of the dividend.
  • The stock's price-to-earnings ratio is 586.67, which is relatively high and may suggest an overvalued stock.
  • Barrick Gold's debt-to-equity ratio is 0.15, indicating a moderate level of debt that investors should consider.
  • The stock's 1-year low and high prices are $13.82 and $20.75 respectively, indicating potential volatility in the stock price.














GOLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Barrick Gold stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued twelve-month price objectives for Barrick Gold's stock. Their GOLD share price targets range from $15.00 to $43.25. On average, they expect the company's stock price to reach $23.45 in the next year. This suggests a possible upside of 34.6% 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 on January 1st, 2023. Since then, GOLD shares have increased by 1,835.6% and is now trading at $17.42.
View the best growth stocks for 2023 here
.

Are investors shorting Barrick Gold?

Barrick Gold saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 26,920,000 shares, a decline of 12.8% from the October 31st total of 30,870,000 shares. Based on an average trading volume of 15,790,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.6% of the shares of the stock 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 Wednesday, February 21st 2024.
View our GOLD earnings forecast
.

How were Barrick Gold's earnings last quarter?

Barrick Gold Corp (NYSE:GOLD) released its quarterly earnings results on Thursday, November, 2nd. The gold and copper producer reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The gold and copper producer had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.93 billion. Barrick Gold had a trailing twelve-month return on equity of 3.88% and a net margin of 0.52%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS.

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

Barrick Gold declared a quarterly dividend on Thursday, November 2nd. Investors of record on Thursday, November 30th will be given a dividend of $0.10 per share on Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, November 29th.
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 2.26%. The dividend payout ratio is 1,333.33%. 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 35.71% 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?
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 number of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (4.20%), Wellington Management Group LLP (3.62%), FMR LLC (2.47%), First Eagle Investment Management LLC (2.39%), Flossbach Von Storch AG (1.96%) and Invesco Ltd. (1.14%). 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.

This page (NYSE:GOLD) was last updated on 12/6/2023 by MarketBeat.com Staff

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