Should I buy or sell Barrick Gold stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ABX shares. View ABX analyst ratings or view top-rated stocks .

What is Barrick Gold's stock price target for 2024?

6 Wall Street research analysts have issued 12-month target prices for Barrick Gold's shares. Their ABX share price targets range from C$25.00 to C$34.50. On average, they predict the company's share price to reach C$28.44 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price. View analysts price targets for ABX or view top-rated stocks among Wall Street analysts .

How have ABX shares performed in 2023?

Barrick Gold's stock was trading at C$23.21 on January 1st, 2023. Since then, ABX stock has increased by 3.1% and is now trading at C$23.94. View the best growth stocks for 2023 here .

When is Barrick Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024. View our ABX earnings forecast .

How were Barrick Gold's earnings last quarter?

Barrick Gold Co. (TSE:ABX) released its earnings results on Thursday, November, 2nd. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The basic materials company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.06 billion. Barrick Gold had a trailing twelve-month return on equity of 1.69% and a net margin of 0.52%.

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

Barrick Gold declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Thursday, November 30th will be given a dividend of 0.139 per share on Friday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from the stock's previous quarterly dividend of C$0.13. Read our dividend analysis for ABX .

Is Barrick Gold a good dividend stock?

Barrick Gold (TSE:ABX) pays an annual dividend of C$0.54 per share and currently has a dividend yield of 2.47%. The dividend payout ratio is 1,350.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for ABX .

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 Barrick Gold (GOLD) , NVIDIA (NVDA) , Bank of Nova Scotia (BNS) , AT&T (T) , Enbridge (ENB) , Suncor Energy (SU) , Toronto-Dominion Bank (TD) , Canadian Natural Resources (CNQ) , Royal Bank of Canada (RY) and AbbVie (ABBV) .

How do I buy shares of Barrick Gold?

Shares of ABX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Barrick Gold Stock Price, News & Analysis (TSE:ABX)

C$23.94

+0.10 (+0.42%)

(As of 12/1/2023 ET)

Compare

Today's Range: C$23.65
▼
C$24.00
50-Day Range: C$19.43
▼
C$23.94
52-Week Range: C$19.04
▼
C$28.19

Volume: 5.24 million shs
Average Volume: 3.92 million shs
Market Capitalization: C$42.13 billion

P/E Ratio: 598.50
Dividend Yield: 2.26%
Price Target: C$28.44

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Barrick Gold MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 18.8% Upside
C$28.44 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.56
Based on 4 Articles This Week
Insider Trading: Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.72 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Barrick Gold has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$28.44, Barrick Gold has a forecasted upside of 18.8% from its current price of C$23.94.
Amount of Analyst Coverage
Barrick Gold has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ABX.

0.8

Dividend Strength

Dividend Yield
Barrick Gold pays a meaningful dividend of 2.47%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Barrick Gold does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Barrick Gold is 1,350.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ABX.

3.6

News and Social Media Coverage

News Sentiment
Barrick Gold has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.32 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Barrick Gold this week, compared to 3 articles on an average week.
Search Interest
6 people have searched for ABX on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
5 people have added Barrick Gold to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Barrick Gold insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought C$2,011,181.00 in company stock and sold C$2,156,250.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.
Percentage Held by Insiders
Only 0.63% of the stock of Barrick Gold is held by insiders.
Percentage Held by Institutions
62.96% of the stock of Barrick Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Barrick Gold is 598.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 117.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Barrick Gold is 598.50, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 91.11.
Price to Earnings Growth Ratio
Barrick Gold has a PEG Ratio of 1.18. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Barrick Gold has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Barrick Gold Stock (TSE:ABX)

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

ABX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ABX Stock News Headlines

November 27, 2023 | americanbankingnews.com

Barrick Gold Co. (TSE:ABX) Receives C$28.44 Average PT from Brokerages

November 26, 2023 | americanbankingnews.com

Grant Bill Beringer Buys 15,267 Shares of Barrick Gold Co. (TSE:ABX) Stock

December 1, 2023 | DTI Trader (Ad)

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November 26, 2023 | americanbankingnews.com

Dennis Mark Bristow Purchases 108,880 Shares of Barrick Gold Co. (TSE:ABX) Stock

November 22, 2023 | americanbankingnews.com

Barrick Gold (TSE:ABX) Share Price Crosses Above 200 Day Moving Average of $22.24

November 16, 2023 | proactiveinvestors.com

Japan Gold kicks off second round of drilling at Barrick Alliance Mizobe project

November 6, 2023 | ca.finance.yahoo.com

Barrick Gold increases stake in Hercules Silver with $23.4M investment

November 4, 2023 | theglobeandmail.com

Barrick CEO Bristow reaffirms vow to improve safety record amid rise in work fatalities

December 1, 2023 | DTI Trader (Ad)

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November 3, 2023 | msn.com

Barrick Gold (TSE:ABX) Sinks Slightly After Earnings

October 31, 2023 | baystreet.ca

These Three Top Catalysts Could Send Gold Prices to Higher Highs

October 31, 2023 | finance.yahoo.com

Barrick (GOLD) to Report Q3 Earnings: What's in the Cards?

October 30, 2023 | finance.yahoo.com

Earnings Preview: Sandstorm Gold (SAND) Q3 Earnings Expected to Decline

October 27, 2023 | msn.com

2 Top Precious Metals Stocks to Buy on the TSX Today

October 23, 2023 | fool.ca

1 Gold Stock Poised to Shine for Investors in 2024

October 19, 2023 | finance.yahoo.com

20 Countries with the Largest Gold Reserves in 2023

October 13, 2023 | juniorminingnetwork.com

Barrick Gold: Special Mining Lease Signals Porgera Restart

October 13, 2023 | finance.yahoo.com

Barrick (GOLD) Reports Strong Preliminary Q3 Sales & Production

October 12, 2023 | finance.yahoo.com

Gold Price Today Continues To Rebound, Yet Still Might Go Negative In 2023; These Factors May Weigh Further

October 12, 2023 | msn.com

Barrick preliminary Q3 sales total 1.03M ounces of gold and 101M pounds of copper

October 11, 2023 | finance.yahoo.com

Barrick (GOLD) to Explore New Discoveries in the Loulo Region

October 7, 2023 | finance.yahoo.com

As Loulo-Gounkoto Sustains a Strong Performance, Barrick Hunts for New Discoveries in the Region

October 5, 2023 | finanznachrichten.de

Barrick Gold Corporation: Kibali Drives Sustainable Value Creation Through Partnerships

October 5, 2023 | finance.yahoo.com

Kibali Drives Sustainable Value Creation Through Partnerships

October 4, 2023 | finanznachrichten.de

Barrick Gold Corporation: Barrick Strengthens Zambia Partnership, Invests in Major Expansion of Lumwana Mine

October 1, 2023 | msn.com

‘Exciting times ahead’: Belararox goes all in on monster Argentina gold-copper hunt

September 29, 2023 | juniorminingnetwork.com

Twiga Partnership Shows the Transformative Impact of Mining, Says Barrick Gold

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/30/2023
Dividend Payable: 9/15/2023
Last Earnings: 11/02/2023
Ex-Dividend for 12/15 Dividend: 11/29/2023
Today: 12/01/2023
Dividend Payable: 12/15/2023
Next Earnings (Estimated): 2/21/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Gold
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:ABX
CUSIP: N/A
CIK: N/A
Web: www.barrick.com
Phone: +1-416-3077470
Fax: N/A
Employees: 17,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$28.44
High Stock Price Target: C$34.50
Low Stock Price Target: C$25.00
Potential Upside/Downside: +19.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.04
Trailing P/E Ratio: 595.00
Forward P/E Ratio: 16.72
P/E Growth: 1.18
Net Income: C$58 million
Net Margins: 0.52%
Pretax Margin: N/A
Return on Equity: 1.69%
Return on Assets: 4.04%

Debt

Debt-to-Equity Ratio: 15.06
Current Ratio: 3.07
Quick Ratio: 2.62

Sales & Book Value

Annual Sales: C$11.11 billion
Price / Sales: 3.77
Cash Flow: C$3.29 per share
Price / Cash Flow: 7.23
Book Value: C$13.11 per share
Price / Book: 1.82

Miscellaneous

Outstanding Shares: 1,760,000,000
Free Float: N/A
Market Cap: C$41.89 billion
Optionable: Not Optionable
Beta: 0.28

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Key Executives

Mr. John Lawson Thornton (Age 69)
Non-Independent Executive Chairman & Member of International Advisory Board
Comp: $3.82M
Dr. Dennis Mark Bristow (Age 64)
President, CEO, Member of International Advisory Board & Director
Comp: $8.29M
Mr. Graham Patrick Shuttleworth (Age 54)
Senior EVP & CFO
Comp: $4.03M
Mr. Kevin J. Thomson (Age 66)
Senior Executive Vice President of Strategic Matters
Comp: $3.77M
Mr. Mark F. Hill B.Eng (Age 58)
Chief Operating Officer of Latin America & Asia Pacific
Comp: $3.23M
Ms. Christine Keener (Age 47)
Chief Operating Officer of North America
Comp: $4.56M
Ms. Lois V. Wark (Age 67)
Group Corporate Communications & Investor Relations Executive
Ms. Poupak Bahamin (Age 52)
General Counsel
Mr. Darian Kevin Rich (Age 62)
Human Resources Executive
Mike Estes
Chief Financial Officer of Barrick Nevada

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Barrick Gold was last updated on Tuesday, November 28, 2023 at 9:39 AM.

Pros

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

Recent developments in ABx Group Limited's exploration, development, and production of bauxite resources in Australia.
Barrick Gold Corporation's engagement in the exploration, mine development, production, and sale of gold and copper properties.
Ownership interests in various projects located throughout the Americas, Asia, and Africa.
Opportunities for growth and profitability in the gold and copper markets.
Positive trends in the company's financial performance and stock price.

Cons

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

Potential risks associated with the exploration and production of bauxite resources.
Volatility in the gold and copper markets.
Uncertainties in global economic conditions that may impact demand for gold and copper.
Regulatory and environmental challenges in operating mining projects.
Competition from other gold and copper producers.

ABX Stock Analysis - Frequently Asked Questions

Should I buy or sell Barrick Gold stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ABX shares.
View ABX analyst ratings or view top-rated stocks.
What is Barrick Gold's stock price target for 2024?: 6 Wall Street research analysts have issued 12-month target prices for Barrick Gold's shares. Their ABX share price targets range from C$25.00 to C$34.50. On average, they predict the company's share price to reach C$28.44 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
View analysts price targets for ABX or view top-rated stocks among Wall Street analysts.
How have ABX shares performed in 2023?: Barrick Gold's stock was trading at C$23.21 on January 1st, 2023. Since then, ABX stock has increased by 3.1% and is now trading at C$23.94.
View the best growth stocks for 2023 here.
When is Barrick Gold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our ABX earnings forecast.
How were Barrick Gold's earnings last quarter?: Barrick Gold Co. (TSE:ABX) released its earnings results on Thursday, November, 2nd. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The basic materials company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.06 billion. Barrick Gold had a trailing twelve-month return on equity of 1.69% and a net margin of 0.52%.

How often does Barrick Gold pay dividends? What is the dividend yield for Barrick Gold?: Barrick Gold declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Thursday, November 30th will be given a dividend of 0.139 per share on Friday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from the stock's previous quarterly dividend of C$0.13.
Read our dividend analysis for ABX.
Is Barrick Gold a good dividend stock?: Barrick Gold (TSE:ABX) pays an annual dividend of C$0.54 per share and currently has a dividend yield of 2.47%. The dividend payout ratio is 1,350.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for ABX.
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 Barrick Gold (GOLD), NVIDIA (NVDA), Bank of Nova Scotia (BNS), AT&T (T), Enbridge (ENB), Suncor Energy (SU), Toronto-Dominion Bank (TD), Canadian Natural Resources (CNQ), Royal Bank of Canada (RY) and AbbVie (ABBV).
How do I buy shares of Barrick Gold?: Shares of ABX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ABX) was last updated on 12/1/2023 by MarketBeat.com Staff

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Barrick Gold Stock Price, News & Analysis (TSE:ABX)

Barrick Gold MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Barrick Gold Stock (TSE:ABX)

ABX Stock Price History

ABX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

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

Pros

Cons

ABX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™