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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

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
0.56mentions of Barrick Gold in the last 14 days
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


ABX stock logo

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

ABX Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
20 Countries with the Largest Gold Reserves in 2023
Barrick Gold: Special Mining Lease Signals Porgera Restart
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

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
N/A
CIK
N/A
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

Net Income
C$58 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$11.11 billion
Cash Flow
C$3.29 per share
Book Value
C$13.11 per share

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

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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