Barrick Gold Corporation (GOLD)
NYSE: GOLD · IEX Real-Time Price · USD
16.62
+0.06 (0.36%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Barrick Gold Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Barrick Gold stock have an average target of 21.67, with a low estimate of 15 and a high estimate of 26. The average target predicts an increase of 30.39% from the current stock price of 16.62.
Analyst Consensus: Buy
* Price targets were last updated on Apr 17, 2024.
Analyst Ratings
The average analyst rating for Barrick Gold stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 3 | 4 | 5 | 5 | 5 | 4 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 8 | 9 | 9 | 9 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $27 → $26 | Buy | Maintains | $27 → $26 | +56.44% | Apr 17, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $18 | Buy | Reiterates | $18 | +8.30% | Mar 4, 2024 |
| Argus Research | Argus Research | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Feb 26, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $24 → $23 | Buy | Maintains | $24 → $23 | +38.39% | Feb 20, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $26 → $24 | Buy | Maintains | $26 → $24 | +44.40% | Feb 15, 2024 |
Financial Forecast
Revenue This Year
13.00B
from 11.40B
Increased by 14.03%
Revenue Next Year
14.44B
from 13.00B
Increased by 11.11%
EPS This Year
1.10
from 0.72
Increased by 53.09%
EPS Next Year
1.39
from 1.10
Increased by 26.00%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.2B | 17.0B | 17.3B | 16.7B | 11.5B |
| Avg | 13.0B | 14.4B | 14.5B | 15.4B | 11.1B |
| Low | 10.6B | 12.2B | 11.9B | 14.6B | 10.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.5% | 30.8% | 19.8% | 15.3% | -25.3% |
| Avg | 14.0% | 11.1% | 0.4% | 6.3% | -28.1% |
| Low | -7.3% | -6.2% | -17.4% | 0.8% | -30.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.52 | 2.05 | 1.93 | 2.31 | 1.27 |
| Avg | 1.10 | 1.39 | 1.31 | 1.60 | 1.13 |
| Low | 0.82 | 0.99 | 0.65 | 1.03 | 1.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 111.5% | 85.8% | 39.1% | 76.1% | -20.4% |
| Avg | 53.1% | 26.0% | -5.6% | 21.7% | -29.4% |
| Low | 14.3% | -10.2% | -53.4% | -21.5% | -37.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.