Barrick Gold (GOLD) Stock Forecast, Price Target & Predictions
GOLD Stock Forecast
Barrick Gold stock forecast is as follows: an average price target of $25.81 (represents a 23.85% upside from GOLD’s last price of $20.84) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
GOLD Price Target
The average price target for Barrick Gold (GOLD) is $25.81 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $31.00 to $20.00. This represents a potential 23.85% upside from GOLD's last price of $20.84.
GOLD Analyst Ratings
According to 8 Wall Street analysts, Barrick Gold's rating consensus is 'Buy'. The analyst rating breakdown for GOLD stock is 0 'Strong Buy' (0.00%), 5 'Buy' (62.50%), 3 'Hold' (37.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Barrick Gold Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 12, 2024 | Tanya Jakusconek | Scotiabank | $25.00 | $20.56 | 21.57% | 19.96% |
| Jul 12, 2024 | Matthew Murphy | Jefferies | $23.00 | $18.13 | 26.86% | 10.36% |
| Jul 10, 2024 | Anita Soni | CIBC | $27.00 | $17.70 | 52.50% | 29.56% |
| Apr 17, 2024 | Jackie Przybylowski | BMO Capital | $26.00 | $16.48 | 57.77% | 24.76% |
| Nov 22, 2022 | - | RBC Capital | $20.00 | $15.35 | 30.29% | -4.03% |
| May 02, 2022 | Matthew Murphy | Barclays | $28.00 | $22.00 | 27.30% | 34.36% |
| Mar 16, 2022 | Christopher LaFemina | Jefferies | $24.00 | $23.61 | 1.65% | 15.16% |
| Feb 18, 2022 | Michael Jalonen | Bank of America Securities | $31.00 | $23.14 | 33.97% | 48.75% |
| Nov 16, 2021 | Jackie Przybylowski | BMO Capital | $29.00 | $20.26 | 43.14% | 39.16% |
| Nov 09, 2021 | Greg Barnes | TD Securities | $26.00 | $19.30 | 34.72% | 24.76% |
The latest Barrick Gold stock forecast, released on Sep 12, 2024 by Tanya Jakusconek from Scotiabank, set a price target of $25.00, which represents a 21.57% increase from the stock price at the time of the forecast ($20.56), and a 19.96% increase from GOLD last price ($20.84).
Barrick Gold Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 4 |
| Avg Price Target | $25.00 | $25.00 | $25.25 |
| Last Closing Price | $20.84 | $20.84 | $20.84 |
| Upside/Downside | 19.96% | 19.96% | 21.16% |
In the current month, the average price target of Barrick Gold stock is $25.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 19.96% increase as opposed to Barrick Gold's last price of $20.84. This month's average price target is down 0.00% compared to last quarter, and down -0.99% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| Aug 19, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Jul 12, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 10, 2024 | CIBC | Outperform | Outperform | Hold |
| Apr 19, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| Apr 17, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Apr 05, 2024 | National Bank | Outperform | Outperform | Hold |
| Jan 17, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Sep 13, 2023 | BMO Capital | Outperform | Outperform | Hold |
| Apr 21, 2023 | Barclays | Overweight | Overweight | Hold |
Barrick Gold's last stock rating was published by Scotiabank on Sep 12, 2024. The company gave GOLD a "Sector Outperform" rating, the same as its previous rate.
Barrick Gold Financial Forecast
Barrick Gold Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.64B | $2.77B | $2.53B | $2.86B | $2.85B | $3.31B | $2.83B | $2.89B | $2.96B | $3.28B | $3.54B |
| Avg Forecast | $3.51B | $3.51B | $3.52B | $3.53B | $4.46B | $4.61B | $4.61B | $4.61B | $4.21B | $4.11B | $4.04B | $3.87B | $4.26B | $3.66B | $3.12B | $2.79B | $3.13B | $2.94B | $2.93B | $2.58B | $2.68B | $2.48B | $2.87B | $2.78B | $3.20B | $2.83B | $2.92B | $2.94B | $3.25B | $3.34B |
| High Forecast | $3.75B | $3.75B | $3.76B | $3.77B | $4.75B | $4.91B | $4.91B | $4.91B | $4.49B | $4.38B | $4.30B | $4.12B | $4.54B | $3.90B | $3.33B | $2.97B | $3.33B | $3.05B | $3.13B | $2.75B | $2.86B | $2.64B | $2.87B | $2.81B | $3.24B | $2.86B | $2.96B | $2.98B | $3.29B | $3.38B |
| Low Forecast | $3.37B | $3.37B | $3.38B | $3.39B | $4.27B | $4.42B | $4.42B | $4.42B | $4.04B | $3.94B | $3.87B | $3.71B | $4.09B | $3.51B | $3.00B | $2.67B | $3.00B | $2.88B | $2.81B | $2.48B | $2.57B | $2.38B | $2.87B | $2.74B | $3.16B | $2.79B | $2.89B | $2.90B | $3.21B | $3.30B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 7 | 7 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.04% | 1.02% | 1.00% | 1.03% | 1.04% | 1.00% | 0.99% | 1.00% | 1.01% | 1.06% |
Barrick Gold's average Quarter revenue forecast for Jun 23 based on 2 analysts is $2.93B, with a low forecast of $2.81B, and a high forecast of $3.13B. GOLD's average Quarter revenue forecast represents a 10.92% increase compared to the company's last Quarter revenue of $2.64B (Mar 23).
Barrick Gold EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 7 | 7 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.13B | $1.13B | $1.17B | $1.55B | $1.53B | $1.73B | $1.30B | $1.33B | $1.50B | $1.71B | $1.82B |
| Avg Forecast | $1.96B | $1.96B | $1.96B | $1.97B | $2.48B | $2.57B | $2.57B | $2.57B | $2.34B | $2.29B | $2.25B | $2.15B | $2.37B | $2.04B | $1.74B | $1.43B | $1.74B | $1.64B | $1.63B | $1.30B | $1.49B | $1.37B | $1.60B | $1.18B | $1.40B | $1.24B | $1.18B | $1.39B | $1.49B | $1.31B |
| High Forecast | $2.09B | $2.09B | $2.09B | $2.10B | $2.65B | $2.74B | $2.74B | $2.74B | $2.50B | $2.44B | $2.40B | $2.30B | $2.53B | $2.17B | $1.86B | $1.71B | $1.86B | $1.70B | $1.74B | $1.55B | $1.59B | $1.64B | $1.60B | $1.41B | $1.68B | $1.49B | $1.42B | $1.67B | $1.79B | $1.57B |
| Low Forecast | $1.88B | $1.88B | $1.88B | $1.89B | $2.38B | $2.46B | $2.46B | $2.46B | $2.25B | $2.20B | $2.16B | $2.07B | $2.28B | $1.96B | $1.67B | $1.14B | $1.67B | $1.60B | $1.57B | $1.04B | $1.43B | $1.09B | $1.60B | $942.33M | $1.12B | $993.25M | $944.77M | $1.11B | $1.19B | $1.05B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.76% | 0.86% | 0.97% | 1.30% | 1.24% | 1.05% | 1.13% | 1.08% | 1.15% | 1.39% |
2 analysts predict GOLD's average Quarter EBITDA for Jun 23 to be $1.63B, with a high of $1.74B and a low of $1.57B. This is 44.55% upper than Barrick Gold's previous annual EBITDA (Mar 23) of $1.13B.
Barrick Gold Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 7 | 7 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $269.00M | $-816.00M | $410.00M | $717.00M | $706.00M | $1.15B | $347.00M | $411.00M | $538.00M | $685.00M | $882.00M |
| Avg Forecast | $685.89M | $685.19M | $685.01M | $683.08M | $810.63M | $851.81M | $854.02M | $855.93M | $731.47M | $708.35M | $729.18M | $701.10M | $743.40M | $610.76M | $472.87M | $485.81M | $359.51M | $340.36M | $305.88M | $441.65M | $195.61M | $365.10M | $395.93M | $401.50M | $605.00M | $331.91M | $363.58M | $498.15M | $596.61M | $633.94M |
| High Forecast | $745.05M | $744.30M | $744.10M | $742.00M | $880.55M | $925.29M | $927.68M | $929.76M | $794.56M | $769.44M | $792.08M | $761.58M | $807.53M | $706.19M | $513.65M | $582.98M | $462.23M | $448.67M | $332.26M | $529.98M | $212.48M | $438.13M | $395.93M | $481.80M | $726.00M | $398.30M | $436.29M | $597.78M | $715.94M | $760.73M |
| Low Forecast | $649.81M | $649.14M | $648.98M | $647.14M | $767.99M | $807.00M | $809.09M | $810.90M | $692.98M | $671.09M | $690.82M | $664.21M | $704.30M | $438.98M | $448.00M | $388.65M | $256.79M | $278.48M | $289.79M | $353.32M | $185.33M | $292.08M | $395.93M | $321.20M | $484.00M | $265.53M | $290.86M | $398.52M | $477.29M | $507.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.61% | -4.17% | 1.12% | 1.81% | 1.76% | 1.90% | 1.05% | 1.13% | 1.08% | 1.15% | 1.39% |
Barrick Gold's average Quarter net income forecast for Jun 23 is $305.88M, with a range of $289.79M to $332.26M. GOLD's average Quarter net income forecast represents a 13.71% increase compared to the company's last Quarter net income of $269.00M (Mar 23).
Barrick Gold SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 7 | 7 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.00M | $49.00M | $26.00M | $30.00M | $54.00M | $39.00M | $27.00M | $47.00M | $38.00M | $24.00M | $50.00M |
| Avg Forecast | $74.70M | $74.71M | $74.90M | $75.10M | $94.70M | $97.95M | $97.95M | $97.95M | $89.41M | $87.35M | $85.81M | $82.18M | $90.55M | $77.73M | $66.41M | $59.90M | $66.44M | $62.55M | $62.31M | $54.45M | $56.94M | $28.41M | $60.98M | $49.50M | $32.50M | $25.83M | $41.58M | $35.19M | $20.90M | $35.94M |
| High Forecast | $79.66M | $79.66M | $79.87M | $80.08M | $100.98M | $104.45M | $104.45M | $104.45M | $95.34M | $93.15M | $91.50M | $87.64M | $96.56M | $82.89M | $70.82M | $71.87M | $70.85M | $64.80M | $66.45M | $65.34M | $60.72M | $34.09M | $60.98M | $59.40M | $39.00M | $30.99M | $49.89M | $42.22M | $25.08M | $43.13M |
| Low Forecast | $71.68M | $71.68M | $71.87M | $72.06M | $90.86M | $93.98M | $93.98M | $93.98M | $85.79M | $83.82M | $82.33M | $78.86M | $86.88M | $74.58M | $63.73M | $47.92M | $63.75M | $61.18M | $59.79M | $43.56M | $54.64M | $22.73M | $60.98M | $39.60M | $26.00M | $20.66M | $33.26M | $28.15M | $16.72M | $28.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 0.86% | 0.92% | 0.49% | 1.09% | 1.20% | 1.05% | 1.13% | 1.08% | 1.15% | 1.39% |
Barrick Gold's average Quarter SG&A projection for Jun 23 is $62.31M, based on 2 Wall Street analysts, with a range of $59.79M to $66.45M. The forecast indicates a 59.77% rise compared to GOLD last annual SG&A of $39.00M (Mar 23).
Barrick Gold EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 7 | 7 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.15 | $-0.46 | $0.23 | $0.40 | $0.40 | $0.65 | $0.20 | $0.23 | $0.30 | $0.39 | $0.50 |
| Avg Forecast | $0.39 | $0.39 | $0.39 | $0.39 | $0.46 | $0.49 | $0.49 | $0.49 | $0.42 | $0.40 | $0.42 | $0.40 | $0.42 | $0.35 | $0.27 | $0.16 | $0.20 | $0.19 | $0.17 | $0.12 | $0.11 | $0.11 | $0.23 | $0.24 | $0.30 | $0.23 | $0.27 | $0.27 | $0.31 | $0.32 |
| High Forecast | $0.42 | $0.42 | $0.42 | $0.42 | $0.50 | $0.53 | $0.53 | $0.53 | $0.45 | $0.44 | $0.45 | $0.43 | $0.46 | $0.40 | $0.29 | $0.17 | $0.26 | $0.26 | $0.19 | $0.13 | $0.12 | $0.12 | $0.23 | $0.25 | $0.31 | $0.23 | $0.27 | $0.27 | $0.32 | $0.33 |
| Low Forecast | $0.37 | $0.37 | $0.37 | $0.37 | $0.44 | $0.46 | $0.46 | $0.46 | $0.39 | $0.38 | $0.39 | $0.38 | $0.40 | $0.25 | $0.26 | $0.15 | $0.15 | $0.16 | $0.17 | $0.11 | $0.11 | $0.11 | $0.23 | $0.24 | $0.30 | $0.22 | $0.26 | $0.26 | $0.31 | $0.32 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | -4.13% | 2.06% | 1.77% | 1.66% | 2.16% | 0.88% | 0.86% | 1.12% | 1.23% | 1.55% |
According to 2 Wall Street analysts, Barrick Gold's projected average Quarter EPS for Jun 23 is $0.17, with a low estimate of $0.17 and a high estimate of $0.19. This represents a 16.19% increase compared to GOLD previous annual EPS of $0.15 (Mar 23).
Barrick Gold Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FNV | Franco-Nevada | $125.13 | $157.31 | 25.72% | Buy |
| GOLD | Barrick Gold | $20.84 | $25.81 | 23.85% | Buy |
| PAAS | Pan American Silver | $21.20 | $25.00 | 17.92% | Buy |
| NEM | Newmont | $53.71 | $62.09 | 15.60% | Buy |
| GFI | Gold Fields | $14.21 | $16.00 | 12.60% | Hold |
| SAND | Sandstorm Gold | $6.22 | $7.00 | 12.54% | Buy |
| RGLD | Royal Gold | $143.19 | $149.75 | 4.58% | Buy |
| AEM | Agnico Eagle Mines | $83.17 | $76.26 | -8.31% | Buy |
| KGC | Kinross Gold | $9.84 | $8.99 | -8.64% | Buy |
| WPM | Wheaton Precious Metals | $62.56 | $54.28 | -13.24% | Buy |
| IAG | IAMGOLD | $5.42 | $4.02 | -25.83% | Hold |
GOLD Forecast FAQ
Is Barrick Gold a good buy?
Yes, according to 8 Wall Street analysts, Barrick Gold (GOLD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 62.50% of GOLD's total ratings.
What is GOLD's price target?
Barrick Gold (GOLD) average price target is $25.81 with a range of $20 to $31, implying a 23.85% from its last price of $20.84. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Barrick Gold stock go up soon?
According to Wall Street analysts' prediction for GOLD stock, the company can go up by 23.85% (from the last price of $20.84 to the average price target of $25.81), up by 48.75% based on the highest stock price target, and down by -4.03% based on the lowest stock price target.
Can Barrick Gold stock reach $30?
GOLD's highest twelve months analyst stock price target of $31 supports the claim that Barrick Gold can reach $30 in the near future.
What is Barrick Gold's current price target trend?
1 Wall Street analyst forecast a $25 price target for Barrick Gold (GOLD) this month, up 19.96% from its last price of $20.84. Compared to the last 3 and 12 months, the average price target increased by 19.96% and increased by 21.16%, respectively.
What are Barrick Gold's analysts' financial forecasts?
Barrick Gold's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $18.28B (high $19.49B, low $17.54B), average EBITDA is $10.18B (high $10.86B, low $9.77B), average net income is $3.37B (high $3.66B, low $3.19B), average SG&A $388.54M (high $414.32M, low $372.81M), and average EPS is $1.92 (high $2.09, low $1.82). GOLD's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $14.09B (high $15.02B, low $13.52B), average EBITDA is $7.85B (high $8.37B, low $7.53B), average net income is $2.74B (high $2.98B, low $2.6B), average SG&A $299.41M (high $319.27M, low $287.29M), and average EPS is $1.56 (high $1.7, low $1.48).
Did the GOLD's actual financial results beat the analysts' financial forecasts?
Based on Barrick Gold's last annual report (Dec 2022), the company's revenue was $11.01B, beating the average analysts forecast of $10.81B by 1.92%. Apple's EBITDA was $5.38B, missing the average prediction of $5.63B by -4.51%. The company's net income was $1.02B, missing the average estimation of $1.36B by -25.12%. Apple's SG&A was $159M, missing the average forecast of $195.84M by -18.81%. Lastly, the company's EPS was $0.57, missing the average prediction of $0.69 by -17.38%. In terms of the last quarterly report (Mar 2023), Barrick Gold's revenue was $2.64B, beating the average analysts' forecast of $2.58B by 2.39%. The company's EBITDA was $1.13B, missing the average prediction of $1.3B by -12.79%. Barrick Gold's net income was $269M, missing the average estimation of $441.65M by -39.09%. The company's SG&A was $39M, missing the average forecast of $54.45M by -28.37%. Lastly, the company's EPS was $0.15, beating the average prediction of $0.117 by 28.47%