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NYSE:GOLD

Barrick Gold (GOLD) Stock Price, News & Analysis

$18.45
-0.12 (-0.65%)
(As of 07/24/2024 ET)
Today's Range
$18.45
$19.03
50-Day Range
$16.02
$19.25
52-Week Range
$13.76
$19.45
Volume
22.04 million shs
Average Volume
21.85 million shs
Market Capitalization
$32.34 billion
P/E Ratio
22.50
Dividend Yield
2.17%
Price Target
$22.20

Barrick Gold MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
20.3% Upside
$22.20 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.13
Upright™ Environmental Score
News Sentiment
0.63mentions of Barrick Gold in the last 14 days
Based on 41 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
31.90%
From $1.16 to $1.53 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.

3.50 out of 5 stars

Basic Materials Sector

85th out of 173 stocks

Gold & Silver Ores Industry

9th out of 39 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 (Industry) (^YH10150040)
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Barrick Gold (NYSE:GOLD) Stock Price Down 1.3%
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Barrick Gold (NYSE:GOLD) Reaches New 52-Week High at $19.45
3 Stocks to Buy Now: Q3 Edition
Barrick Gold Sees Unusually High Options Volume (NYSE:GOLD)
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Ex-Dividend for 6/17 Dividend
5/31/2024
Dividend Payable
6/17/2024
Today
7/25/2024
Next Earnings (Confirmed)
8/12/2024
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
$22.20
High Stock Price Target
$27.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+20.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
13 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
26.09%

Debt

Sales & Book Value

Annual Sales
$11.40 billion
Cash Flow
$2.01 per share
Book Value
$18.23 per share

Miscellaneous

Outstanding Shares
1,752,730,000
Free Float
1,741,692,000
Market Cap
$32.34 billion
Optionable
Optionable
Beta
0.51

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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

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's stock price has been showing resilience, trading at a level that indicates stability and potential growth.
  • The company has a strong track record of increasing dividends, providing investors with a reliable income stream.
  • Barrick Gold's positive earnings results have consistently exceeded analysts' expectations, indicating strong financial performance.
  • The company's focus on gold and copper production positions it well to benefit from the current market conditions and demand for these commodities.
  • Barrick Gold's moderate debt-to-equity ratio of 0.15 suggests a healthy financial structure and prudent management of liabilities.

Cons

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

  • Despite positive aspects, Barrick Gold's stock performance may be subject to volatility due to fluctuations in commodity prices and market conditions.
  • The company's beta of 0.59 indicates that its stock price movements are less volatile than the market average, potentially limiting potential returns for investors seeking higher risk-reward opportunities.
  • Barrick Gold's P/E ratio of 20.04 suggests that the stock may be relatively overvalued compared to industry peers, potentially limiting upside potential.
  • Investors should consider the cyclical nature of the mining industry, which can impact Barrick Gold's financial performance and stock price during economic downturns.
  • While Barrick Gold has a history of dividend increases, changes in commodity prices or operational challenges could impact the sustainability of future dividend growth.
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 Friday, July 5, 2024. Please send any questions or comments about these Barrick Gold pros and cons to contact@marketbeat.com.

GOLD Stock Analysis - Frequently Asked Questions

How have GOLD shares performed this year?

Barrick Gold's stock was trading at $18.09 at the beginning of the year. Since then, GOLD shares have increased by 2.0% and is now trading at $18.45.
View the best growth stocks for 2024 here
.

How were Barrick Gold's earnings last quarter?

Barrick Gold Corp (NYSE:GOLD) released its quarterly earnings data on Wednesday, May, 1st. The gold and copper producer reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. The business's revenue for the quarter was up 3.9% compared to the same quarter last year.

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.

Who are Barrick Gold's major shareholders?

Top institutional investors of Barrick Gold include Ninety One UK Ltd (0.98%), Addenda Capital Inc. (0.14%), Raymond James & Associates (0.10%) and IMC Chicago LLC. Insiders that own company stock include Paulo Valle Pereira Neto, Garnet L Dawson and Herb Dhaliwal.
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.

What other stocks do shareholders of Barrick Gold own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Barrick Gold investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), AT&T (T), Tesla (TSLA), Micron Technology (MU) and Newmont (NEM).

This page (NYSE:GOLD) was last updated on 7/25/2024 by MarketBeat.com Staff

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