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Barrick Gold (GOLD) Stock Forecast & Price Target

$18.45
-0.12 (-0.65%)
(As of 07/24/2024 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

Based on 14 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 14 analysts, 1 has given a sell rating, 3 have given a hold rating, and 10 have given a buy rating for GOLD.

Consensus Price Target

$22.20
20.33% Upside
High Forecast$27.00
Average Forecast$22.20
Low Forecast$18.00

According to the 14 analysts' twelve-month price targets for Barrick Gold, the average price target is $22.20. 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 20.33% from the current price of $18.45.

TypeCurrent Forecast
7/26/23 to 7/25/24
1 Month Ago
6/26/23 to 6/25/24
3 Months Ago
4/27/23 to 4/26/24
1 Year Ago
7/26/22 to 7/26/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
10 Buy rating(s)
6 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$22.20$21.60$21.60$22.63
Forecasted Upside20.33% Upside41.34% Upside41.34% Upside34.50% Upside
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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
2.64
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside20.33% Upside243.72% Upside10.61% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$22.00 ➝ $23.00+26.03%
7/10/2024CIBC
3 of 5 stars
 Boost TargetOutperformer ➝ Outperformer$23.00 ➝ $27.00+51.77%
4/17/2024BMO Capital Markets
3 of 5 stars
 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
3/4/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$18.00+17.88%
2/26/2024Argus
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 Reiterated RatingBuy ➝ Hold
2/20/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$24.00 ➝ $23.00+56.25%
2/16/2024TD Securities
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 Lower TargetBuy$22.00 ➝ $21.00+42.86%
2/15/2024Raymond James
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 Lower TargetOutperform$24.00 ➝ $23.00+57.43%
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%
10/6/2023UBS Group
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 Lower TargetBuy ➝ Buy$25.00 ➝ $23.00+56.89%
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 Thursday at 03:00 AM ET.

GOLD Forecast - Frequently Asked Questions

What is Barrick Gold's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Barrick Gold is $22.20, with a high forecast of $27.00 and a low forecast of $18.00.

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 is 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.

Does Barrick Gold's stock price have much upside?

According to analysts, Barrick Gold's stock has a predicted upside of 40.37% based on their 12-month stock forecasts.

What analysts cover Barrick Gold?

Barrick Gold has been rated by research analysts at CIBC, and Jefferies Financial Group in the past 90 days.

Do Wall Street analysts like Barrick Gold more than its competitors?

Analysts like Barrick Gold more than other "basic materials" companies. The consensus rating score for Barrick Gold is 2.64 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how GOLD compares to other companies.


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

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