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TSE:ABX

Barrick Gold (ABX) Stock Price, News & Analysis

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Free ABX Stock Alerts
C$23.48
+0.10 (+0.43%)
(As of 03:15 PM ET)
Compare
Today's Range
C$23.15
▼
C$23.69
50-Day Range
C$19.04
▼
C$24.67
52-Week Range
C$18.65
▼
C$28.19
Volume
1.76 million shs
Average Volume
3.44 million shs
Market Capitalization
C$41.32 billion
P/E Ratio
23.72
Dividend Yield
2.30%
Price Target
C$28.40
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades

Barrick Gold MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
20.9% Upside
C$28.40 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.05mentions of Barrick Gold in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.59 out of 5 stars

See Top Rated MarketRank™ Stocks Here
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 in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines 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 in the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.

ABX Stock Price History

ABX Stock News Headlines

April 18, 2024 | msn.com
Saudi Arabia nears deal for stake in Barrick Gold's Reko Diq mine - Bloomberg
April 18, 2024 | americanbankingnews.com
Research Analysts Offer Predictions for Barrick Gold Co.'s Q1 2024 Earnings (TSE:ABX)
April 19, 2024 | DTI (Ad)
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April 18, 2024 | americanbankingnews.com
Cormark Comments on Barrick Gold Co.'s Q1 2024 Earnings (TSE:ABX)
April 17, 2024 | americanbankingnews.com
Barrick Gold (TSE:ABX) Given Buy Rating at TD Securities
April 16, 2024 | seekingalpha.com
Barrick Gold Stock: Is It A Buy On The Dip Ahead Of Earnings?
April 16, 2024 | msn.com
Barrick Gold (NYSE:GOLD) Faces a New Threat to Mali Gold Operations
April 16, 2024 | msn.com
Canadian miner Barrick reports lower preliminary gold, copper output for first quarter
April 19, 2024 | DTI (Ad)
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April 16, 2024 | seekingalpha.com
Barrick under pressure in Mali as regime eyes control of mining complex - report
April 14, 2024 | americanbankingnews.com
Barrick Gold (TSE:ABX) PT Raised to C$25.00 at Veritas Investment Research
April 9, 2024 | finance.yahoo.com
Notice of Release of Barrick’s First Quarter 2024 Results
April 9, 2024 | americanbankingnews.com
Barrick Gold (TSE:ABX) PT Raised to C$31.00
April 2, 2024 | msn.com
2 Low-Volatility Stocks to Play it Safe in April
March 29, 2024 | finanznachrichten.de
Barrick Gold Corporation: Strategy-Driven Barrick Builds on Value Foundation
March 28, 2024 | theglobeandmail.com
Barrick settles lawsuit with Tanzanian villagers who alleged security abuses
March 18, 2024 | finanznachrichten.de
Barrick Gold Corporation: Barrick Opens Academy at Closed Buzwagi Mine
March 17, 2024 | finance.yahoo.com
GOLD Mar 2024 14.500 call
March 16, 2024 | finance.yahoo.com
GOLD Mar 2024 18.000 put
March 16, 2024 | finance.yahoo.com
GOLD Mar 2024 12.000 call
March 15, 2024 | benzinga.com
A Closer Look at Barrick Gold's Options Market Dynamics
March 12, 2024 | finance.yahoo.com
GOLD Apr 2024 16.500 put
March 12, 2024 | finance.yahoo.com
GOLD Apr 2024 13.500 call
March 4, 2024 | finance.yahoo.com
GOLD Apr 2024 16.000 call
March 3, 2024 | finance.yahoo.com
GOLD Mar 2024 30.000 put
March 3, 2024 | finance.yahoo.com
How to Invest in a Bull Market
March 3, 2024 | finance.yahoo.com
GOLD Sep 2024 29.000 call
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Today
4/19/2024
Next Earnings (Confirmed)
5/01/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Sector
Basic Materials
Industry
Gold
Sub-Industry
N/A
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$28.40
High Stock Price Target
C$32.00
Low Stock Price Target
C$24.00
Potential Upside/Downside
+21.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$0.99
Trailing P/E Ratio
23.71
Forward P/E Ratio
19.61
P/E Growth
1.94
Net Income
C$1.27 billion
Net Margins
11.16%
Pretax Margin
N/A
Return on Equity
6.17%
Return on Assets
3.36%

Debt

Debt-to-Equity Ratio
16.32
Current Ratio
3.16
Quick Ratio
2.62

Sales & Book Value

Annual Sales
C$11.40 billion
Price / Sales
3.62
Cash Flow
C$3.25 per share
Price / Cash Flow
7.23
Book Value
C$13.30 per share
Price / Book
1.76

Miscellaneous

Outstanding Shares
1,760,000,000
Free Float
N/A
Market Cap
C$41.31 billion
Optionable
Not Optionable
Beta
0.46
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Key Executives

  • Dr. Dennis Mark Bristow (Age 65)
    President, CEO, Member of International Advisory Board & Director
    Comp: $8.15M
  • Mr. Graham Patrick Shuttleworth (Age 55)
    Senior EVP & CFO
    Comp: $3.96M
  • Mr. Kevin J. Thomson (Age 67)
    Senior Executive Vice President of Strategic Matters
    Comp: $3.71M
  • Mr. Mark F. Hill B.Eng (Age 59)
    Chief Operating Officer of Latin America & Asia Pacific
    Comp: $3.18M
  • Ms. Christine Keener (Age 48)
    Chief Operating Officer of North America
    Comp: $4.48M
  • Ms. Lois V. Wark (Age 68)
    Group Corporate Communications & Investor Relations Executive
  • Ms. Poupak Bahamin (Age 53)
    General Counsel
  • Mr. Darian Kevin Rich (Age 63)
    Human Resources Executive
  • Mike Estes
    Chief Financial Officer of Barrick Nevada
  • Mr. Grant Beringer (Age 43)
    Group Sustainability Executive

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

Pros

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

  • Barrick Gold recently declared a quarterly dividend, indicating a commitment to rewarding shareholders with a $0.10 dividend per share.
  • The company has a diversified portfolio of gold and copper properties in various countries, providing exposure to different markets and commodities.
  • With ownership interests in producing gold mines across multiple countries, Barrick Gold has a geographically diversified revenue stream.
  • The current dividend yield of 1.65% offers investors a potential source of passive income.
  • Despite market fluctuations, Barrick Gold's dividend payout ratio of 55.10% suggests a stable dividend policy.

Cons

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

  • The mining industry is subject to commodity price volatility, which can impact Barrick Gold's profitability and stock performance.
  • Global economic conditions and geopolitical factors can influence the demand for precious metals, affecting Barrick Gold's revenue and earnings.
  • Environmental regulations and community relations in mining operations may pose challenges and additional costs for Barrick Gold.
  • Fluctuations in currency exchange rates can impact the company's financial results, especially in regions where it operates mines.
  • Investors should consider the cyclical nature of the mining industry, which can lead to periods of underperformance for Barrick Gold's stock.
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 Wednesday, April 10, 2024. Please send any questions or comments about these Barrick Gold pros and cons to contact@marketbeat.com.

ABX Stock Analysis - Frequently Asked Questions

Should I buy or sell Barrick Gold stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research 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?

8 brokers have issued 1-year price objectives for Barrick Gold's shares. Their ABX share price targets range from C$24.00 to C$32.00. On average, they predict the company's stock price to reach C$28.40 in the next year. This suggests a possible upside of 20.9% 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 2024?

Barrick Gold's stock was trading at C$23.94 on January 1st, 2024. Since then, ABX stock has decreased by 1.9% and is now trading at C$23.49.
View the best growth stocks for 2024 here.

When is Barrick Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ABX earnings forecast.

How were Barrick Gold's earnings last quarter?

Barrick Gold Co. (TSE:ABX) released its quarterly earnings results on Wednesday, February, 14th. The basic materials company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. The basic materials company earned $4.16 billion during the quarter, compared to analysts' expectations of $4.28 billion. Barrick Gold had a net margin of 11.16% and a trailing twelve-month return on equity of 6.17%.

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

Barrick Gold declared a quarterly dividend on Wednesday, February 14th. Shareholders of record on Thursday, February 29th will be given a dividend of 0.10 per share on Friday, March 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Wednesday, February 28th.
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 2.20%. The dividend payout ratio is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%.
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 4/19/2024 by MarketBeat.com Staff

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