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NYSE:GOLD

Barrick Gold (GOLD) Stock Price, News & Analysis

$17.44
+0.42 (+2.47%)
(As of 05/28/2024 ET)
Today's Range
$17.06
$17.47
50-Day Range
$15.51
$18.04
52-Week Range
$13.76
$18.95
Volume
21.42 million shs
Average Volume
22.17 million shs
Market Capitalization
$30.62 billion
P/E Ratio
21.27
Dividend Yield
2.29%
Price Target
$21.60

Barrick Gold MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
23.9% Upside
$21.60 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.13
Upright™ Environmental Score
News Sentiment
0.80mentions of Barrick Gold in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.33%
From $1.02 to $1.36 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.

3.67 out of 5 stars

Basic Materials Sector

27th out of 169 stocks

Gold & Silver Ores Industry

5th out of 36 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

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Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Last Earnings
5/01/2024
Today
5/28/2024
Ex-Dividend for 6/17 Dividend
5/31/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
8/13/2024
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
+23.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
26.09%

Debt

Sales & Book Value

Annual Sales
$11.40 billion
Cash Flow
$2.05 per share
Book Value
$18.23 per share

Miscellaneous

Outstanding Shares
1,755,640,000
Free Float
1,744,575,000
Market Cap
$30.62 billion
Optionable
Optionable
Beta
0.59

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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 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 year. There are currently 1 sell rating, 3 hold ratings and 10 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 research analysts have issued 1-year target prices for Barrick Gold's shares. Their GOLD share price targets range from $18.00 to $26.00. On average, they anticipate the company's stock price to reach $21.60 in the next twelve months. This suggests a possible upside of 23.9% 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 start of the year. Since then, GOLD shares have decreased by 3.6% and is now trading at $17.44.
View the best growth stocks for 2024 here
.

When is Barrick Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our GOLD earnings forecast
.

How were Barrick Gold's earnings last quarter?

Barrick Gold Corp (NYSE:GOLD) posted its quarterly earnings data on Wednesday, May, 1st. The gold and copper producer reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. The gold and copper producer had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Barrick Gold had a net margin of 12.58% and a trailing twelve-month return on equity of 4.88%. Barrick Gold's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS.

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

Barrick Gold declared a quarterly dividend on Wednesday, May 1st. Shareholders of record on Friday, May 31st will be given a dividend of $0.10 per share on Monday, June 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from the stock's previous quarterly dividend of $0.07.
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 2.35%. The dividend payout ratio is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOLD will have a dividend payout ratio of 29.41% 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) and VanEck Africa Index ETF (AFK).SPDR S&P Global Natural Resources ETF (GNR).

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 institutional and retail investors. Top institutional investors include Van ECK Associates Corp (4.41%), Vanguard Group Inc. (3.69%), First Eagle Investment Management LLC (3.35%), Capital World Investors (1.38%), EdgePoint Investment Group Inc. (1.03%) and Capital International Investors (0.98%). 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 5/29/2024 by MarketBeat.com Staff

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