Barrick Gold (GOLD) Stock Forecast, Price & News

8 Wall Street 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 analysts is that investors should "buy" GOLD shares.
View GOLD analyst ratings or view top-rated stocks.

8 equities research analysts have issued 1-year price objectives for Barrick Gold's stock. Their GOLD share price forecasts range from $4.70 to $32.00. On average, they anticipate the company's share price to reach $22.52 in the next twelve months. This suggests a possible upside of 34.3% from the stock's current price.
View analysts price targets for GOLD or view top-rated stocks among Wall Street analysts.

Barrick Gold's stock was trading at $0.90 on January 1st, 2023. Since then, GOLD shares have increased by 1,763.3% and is now trading at $16.77.
View the best growth stocks for 2023 here.

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 volume of 17,370,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.3% of the company's shares are sold short.
View Barrick Gold's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our GOLD earnings forecast.

Barrick Gold Corp (NYSE:GOLD) released its quarterly earnings results on Wednesday, May, 3rd. The gold and copper producer reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The gold and copper producer had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.57 billion. Barrick Gold had a net margin of 1.06% and a trailing twelve-month return on equity of 3.46%. The firm's revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS.

Barrick Gold announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.074 per share on Thursday, June 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for GOLD.

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).

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.

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.

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).

Barrick Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "GOLD."

Barrick Gold's stock is owned by a number of institutional and retail 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.

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.
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One share of GOLD stock can currently be purchased for approximately $16.77.

Barrick Gold (NYSE:GOLD) has a market capitalization of $29.44 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.

The company employs 23,000 workers across the globe.

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.