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Barrick Gold (GOLD) Stock Forecast & Price Target

Barrick Gold logo
$19.05
-0.27 (-1.40%)
(As of 11/1/2024 ET)

Barrick Gold - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
3
Buy
7

Based on 10 Wall Street analysts who have issued ratings for Barrick Gold in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 3 have given a hold rating, and 7 have given a buy rating for GOLD.

Consensus Price Target

$23.50
23.36% Upside
According to the 10 analysts' twelve-month price targets for Barrick Gold, the average price target is $23.50. The highest price target for GOLD is $27.00, while the lowest price target for GOLD is $18.00. The average price target represents a forecasted upside of 23.36% from the current price of $19.05.
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GOLD Analyst Ratings Over Time

TypeCurrent Forecast
11/3/23 to 11/2/24
1 Month Ago
10/4/23 to 10/3/24
3 Months Ago
8/5/23 to 8/4/24
1 Year Ago
11/3/22 to 11/3/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
10 Buy rating(s)
Hold
3 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$23.50$23.60$22.20$22.25
Forecasted Upside23.36% Upside18.95% Upside23.95% Upside35.10% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

GOLD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GOLD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Barrick Gold Stock vs. The Competition

TypeBarrick GoldBasic Materials CompaniesS&P 500
Consensus Rating Score
2.70
2.75
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside23.36% Upside109.09% Upside10.59% Upside
News Sentiment Rating
Neutral News

See Recent GOLD News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/30/2024UBS Group
4 of 5 stars
D. Major
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DowngradeBuy ➝ Neutral$23.00 ➝ $22.00+8.48%
9/26/2024Raymond James
4 of 5 stars
 Lower TargetOutperform$26.50 ➝ $26.00+22.70%
9/13/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetBuy$23.00 ➝ $24.00+15.00%
9/10/2024Royal Bank of Canada
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 Boost TargetOutperform$21.00 ➝ $22.00+13.52%
8/29/2024Argus
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D. Coleman
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UpgradeHold ➝ Buy$24.00+20.36%
8/19/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$23.00 ➝ $25.00+23.58%
7/10/2024CIBC
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 Boost TargetOutperformer ➝ Outperformer$23.00 ➝ $27.00+51.77%
4/17/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$27.00 ➝ $26.00+55.69%
4/8/2024National Bank Financial
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M. Parkin
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Reiterated RatingSector Perform Overweight
2/16/2024TD Securities
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 Lower TargetBuy$22.00 ➝ $21.00+42.86%
1/8/2024Sanford C. Bernstein
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 DowngradeOutperform ➝ Market Perform
11/28/2023Citigroup
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 Lower TargetNeutral$20.00 ➝ $18.00+3.93%
10/4/2023Veritas Investment Research
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 DowngradeBuy ➝ Reduce
8/17/2023CSFB
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 Lower TargetOutperform$22.00 ➝ $20.00+28.62%
8/9/2023Cormark
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 UpgradeMarket Perform ➝ Buy
5/4/2023Laurentian
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 Lower TargetC$5.00 ➝ C$4.70
4/21/2023The Goldman Sachs Group
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 Boost TargetNeutral$19.00 ➝ $22.00+15.36%
4/21/2023Barclays
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 Boost TargetOverweight$26.00 ➝ $28.00+45.83%
4/20/2023Stifel Nicolaus
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 Boost TargetC$29.00 ➝ C$30.00
3/7/2023Fundamental Research
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 Set TargetBuy$19.02+20.99%
2/13/2023BNP Paribas
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 DowngradeOutperform ➝ Neutral$19.00+5.97%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:09 AM ET.


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

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 Tuesday, October 22, 2024. Please send any questions or comments about these Barrick Gold pros and cons to contact@marketbeat.com.

Barrick Gold
Bull Case

green Wall Street bull icon

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

  • Barrick Gold Corp has received multiple buy ratings from analysts, indicating positive sentiment towards the company's future performance.
  • The company has shown consistent revenue growth, with a recent increase in earnings per share, reflecting strong financial health.
  • With a dividend yield of 1.99%, Barrick Gold Corp offers investors a steady income stream through dividends.
  • Barrick Gold Corp's stock price has been trending upwards, reaching $20.09 on the latest trading day, potentially signaling positive momentum.
  • The company has a solid quick ratio of 2.31 and a current ratio of 3.01, indicating strong liquidity positions.

Barrick Gold
Bear Case

red Wall Street bear icon

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

  • There is a moderate level of debt with a debt-to-equity ratio of 0.15, which may pose some risk in case of economic downturns or financial challenges.

GOLD Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Barrick Gold is $23.50, with a high forecast of $27.00 and a low forecast of $18.00.

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GOLD shares.

According to analysts, Barrick Gold's stock has a predicted upside of 23.36% based on their 12-month stock forecasts.

Over the previous 90 days, Barrick Gold's stock had 1 upgrade and 1 downgrade by analysts.

Barrick Gold has been rated by research analysts at Argus, Jefferies Financial Group, Raymond James, Royal Bank of Canada, Scotiabank, and UBS Group in the past 90 days.

Analysts like Barrick Gold less than other "basic materials" companies. The consensus rating score for Barrick Gold is 2.70 while the average consensus rating score for "basic materials" companies is 2.74. Learn more on how GOLD compares to other companies.


This page (NYSE:GOLD) was last updated on 11/2/2024 by MarketBeat.com Staff
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