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Barrick Gold (GOLD) Stock Forecast, Price Target & Predictions

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GOLD Stock Forecast

Barrick Gold stock forecast is as follows: an average price target of $24.25 (represents a 56.86% upside from GOLD’s last price of $15.46) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

GOLD Price Target

The average price target for Barrick Gold (GOLD) is $24.25 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $22.00. This represents a potential 56.86% upside from GOLD's last price of $15.46.

GOLD Analyst Ratings

Buy

According to 9 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' (55.56%), 4 'Hold' (44.44%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Barrick Gold Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Daniel MajorUBS$22.00$20.288.48%42.30%
Sep 12, 2024Tanya JakusconekScotiabank$25.00$20.5621.57%61.71%
Jul 12, 2024Matthew MurphyJefferies$23.00$18.1326.86%48.77%
Jul 10, 2024Anita SoniCIBC$27.00$17.7052.50%74.64%
Apr 17, 2024Jackie PrzybylowskiBMO Capital$26.00$16.4857.77%68.18%
Nov 22, 2022RBC Capital$20.00$15.3530.29%29.37%
May 02, 2022Matthew MurphyBarclays$28.00$22.0027.30%81.11%
Mar 16, 2022Christopher LaFeminaJefferies$24.00$23.611.65%55.24%
Feb 18, 2022Michael JalonenBank of America Securities$31.00$23.1433.97%100.52%
Nov 16, 2021Jackie PrzybylowskiBMO Capital$29.00$20.2643.14%87.58%
Nov 09, 2021Greg BarnesTD Securities$26.00$19.3034.72%68.18%
Apr 27, 2021Michael GlickJ.P. Morgan$26.26$20.8525.95%69.86%

The latest Barrick Gold stock forecast, released on Oct 30, 2024 by Daniel Major from UBS, set a price target of $22.00, which represents a 8.48% increase from the stock price at the time of the forecast ($20.28), and a 42.30% increase from GOLD last price ($15.46).

Barrick Gold Price Target by Period

1M3M12M
# Anlaysts-15
Avg Price Target-$22.00$24.60
Last Closing Price$15.46$15.46$15.46
Upside/Downside-100.00%42.30%59.12%

In the current month, the average price target of Barrick Gold stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Barrick Gold's last price of $15.46. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024UBSNeutralDowngrade
Oct 04, 2024JefferiesBuyBuyHold
Sep 12, 2024ScotiabankSector OutperformSector OutperformHold
Aug 19, 2024ScotiabankOutperformOutperformHold
Jul 12, 2024JefferiesBuyBuyHold
Jul 10, 2024CIBCOutperformOutperformHold
Apr 19, 2024National BankSector PerformSector PerformHold
Apr 17, 2024BMO CapitalOutperformOutperformHold
Apr 05, 2024National BankOutperformOutperformHold
Jan 17, 2024BMO CapitalOutperformOutperformHold
Sep 13, 2023BMO CapitalOutperformOutperformHold
Apr 21, 2023BarclaysOverweightOverweightHold
Nov 22, 2022RBC CapitalOutperformOutperformHold
Sep 12, 2022Goldman SachsNeutralInitialise
May 02, 2022BMO CapitalBuyBuyHold
May 02, 2022BernsteinMarket PerformHoldDowngrade
Apr 25, 2022BernsteinMarket PerformDowngrade
Mar 16, 2022JefferiesHoldHoldHold

Barrick Gold's last stock rating was published by UBS on Oct 30, 2024. The company Downgrade its GOLD rating from "null" to "Neutral".

Barrick Gold Financial Forecast

Barrick Gold Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$3.35B$3.35B$3.36B$3.37B$4.15B$4.15B$4.29B$4.29B$4.35B$4.27B$3.92B$3.75B$4.14B$3.48B$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$3.54B$3.55B$3.55B$3.56B$4.39B$4.39B$4.53B$4.53B$4.60B$4.51B$4.15B$4.09B$4.25B$3.68B$3.30B$2.95B$3.31B$3.05B$3.10B$2.73B$2.83B$2.48B$2.87B$2.78B$3.20B$2.83B$2.92B$2.94B$3.25B$3.34B
Low Forecast$3.18B$3.18B$3.19B$3.20B$3.94B$3.94B$4.07B$4.07B$4.13B$4.05B$3.72B$3.49B$4.01B$3.30B$2.97B$2.65B$2.97B$2.88B$2.78B$2.45B$2.54B$2.48B$2.87B$2.78B$3.20B$2.83B$2.92B$2.94B$3.25B$3.34B
# Analysts2222111111134111142211112222215
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 $2.78B, and a high forecast of $3.10B. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts2222111111134111142211112222215
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$1.80B$1.80B$1.81B$1.81B$2.23B$2.23B$2.30B$2.30B$2.34B$2.29B$2.11B$2.02B$2.23B$1.87B$1.68B$1.43B$1.68B$1.58B$1.58B$1.30B$1.54B$1.38B$1.60B$1.18B$1.78B$1.58B$1.63B$1.39B$1.81B$1.86B
High Forecast$1.91B$1.91B$1.91B$1.92B$2.36B$2.36B$2.44B$2.44B$2.47B$2.43B$2.23B$2.20B$2.28B$1.98B$1.78B$1.71B$1.78B$1.64B$1.67B$1.55B$1.84B$1.38B$1.60B$1.41B$1.78B$1.58B$1.63B$1.67B$1.81B$1.86B
Low Forecast$1.71B$1.71B$1.72B$1.72B$2.12B$2.12B$2.19B$2.19B$2.22B$2.18B$2.00B$1.88B$2.15B$1.78B$1.60B$1.14B$1.60B$1.55B$1.50B$1.04B$1.23B$1.38B$1.60B$942.33M$1.78B$1.58B$1.63B$1.11B$1.81B$1.86B
Surprise %-------------------0.87%0.73%0.85%0.97%1.30%0.97%0.82%0.82%1.08%0.95%0.98%

2 analysts predict GOLD's average Quarter EBITDA for Jun 23 to be $1.58B, with a high of $1.67B and a low of $1.50B. This is 39.47% upper than Barrick Gold's previous annual EBITDA (Mar 23) of $1.13B.

Barrick Gold Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts2222111111134111142211112222215
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$862.98M$860.55M$851.96M$842.15M$853.15M$840.47M$876.37M$867.77M$786.67M$775.19M$725.43M$700.47M$781.97M$557.96M$472.06M$485.81M$358.90M$339.78M$305.36M$441.65M$665.50M$195.65M$395.70M$401.50M$527.10M$397.53M$471.59M$498.15M$551.30M$566.76M
High Forecast$927.60M$924.97M$915.75M$905.21M$917.03M$903.38M$941.98M$932.73M$845.55M$833.22M$779.75M$752.90M$900.97M$581.12M$474.62M$582.98M$461.44M$447.90M$328.22M$529.98M$798.60M$195.65M$395.70M$481.80M$527.10M$397.53M$471.59M$597.78M$551.30M$566.76M
Low Forecast$806.50M$804.22M$796.20M$787.02M$797.30M$785.46M$819.01M$810.97M$735.17M$724.45M$677.95M$654.62M$662.97M$534.80M$469.50M$388.65M$256.35M$278.01M$285.37M$353.32M$532.40M$195.65M$395.70M$321.20M$527.10M$397.53M$471.59M$398.52M$551.30M$566.76M
Surprise %-------------------0.61%-1.23%2.10%1.81%1.76%2.19%0.87%0.87%1.08%1.24%1.56%

Barrick Gold's average Quarter net income forecast for Jun 23 is $305.36M, with a range of $285.37M to $328.22M. GOLD's average Quarter net income forecast represents a 13.52% increase compared to the company's last Quarter net income of $269.00M (Mar 23).

Barrick Gold SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts2222111111134111142211112222215
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$50.01M$50.01M$50.14M$50.27M$61.91M$61.91M$63.93M$63.93M$64.89M$63.65M$58.50M$55.97M$61.77M$51.89M$46.62M$59.90M$46.64M$43.90M$43.74M$54.45M$35.75M$52.70M$60.98M$49.50M$67.96M$60.13M$62.10M$35.19M$69.01M$70.93M
High Forecast$52.89M$52.89M$53.03M$53.17M$65.48M$65.48M$67.61M$67.61M$68.62M$67.32M$61.87M$61.09M$63.34M$54.88M$49.30M$71.87M$49.32M$45.49M$46.26M$65.34M$42.90M$52.70M$60.98M$59.40M$67.96M$60.13M$62.10M$42.22M$69.01M$70.93M
Low Forecast$47.49M$47.49M$47.61M$47.74M$58.80M$58.80M$60.71M$60.71M$61.62M$60.45M$55.55M$52.07M$59.79M$49.28M$44.27M$47.92M$44.29M$42.95M$41.54M$43.56M$28.60M$52.70M$60.98M$39.60M$67.96M$60.13M$62.10M$28.15M$69.01M$70.93M
Surprise %-------------------0.72%1.37%0.49%0.49%1.09%0.57%0.45%0.76%1.08%0.35%0.70%

Barrick Gold's average Quarter SG&A projection for Jun 23 is $43.74M, based on 2 Wall Street analysts, with a range of $41.54M to $46.26M. The forecast indicates a 12.15% rise compared to GOLD last annual SG&A of $39.00M (Mar 23).

Barrick Gold EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts2222111111134111142211112222215
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$0.49$0.49$0.49$0.48$0.49$0.48$0.50$0.50$0.45$0.44$0.41$0.40$0.45$0.32$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$0.53$0.53$0.52$0.52$0.52$0.52$0.54$0.53$0.48$0.48$0.45$0.43$0.51$0.33$0.27$0.16$0.26$0.26$0.19$0.13$0.12$0.11$0.23$0.24$0.30$0.23$0.27$0.27$0.31$0.32
Low Forecast$0.46$0.46$0.45$0.45$0.46$0.45$0.47$0.46$0.42$0.41$0.39$0.37$0.38$0.31$0.27$0.16$0.15$0.16$0.16$0.11$0.10$0.11$0.23$0.24$0.30$0.23$0.27$0.27$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 $0.16 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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
GOLDBarrick Gold$16.24$24.2549.32%Buy
NEMNewmont$39.80$57.8645.38%Buy
SANDSandstorm Gold$5.61$7.5033.69%Buy
WPMWheaton Precious Metals$59.76$73.5022.99%Buy
IAGIAMGOLD$5.31$6.4020.53%Hold
KGCKinross Gold$9.57$11.5020.17%Buy
RGLDRoyal Gold$144.27$169.4017.42%Buy
FNVFranco-Nevada$119.08$139.0016.73%Buy
GFIGold Fields$13.90$16.0015.11%Hold
PAASPan American Silver$22.00$23.004.55%Buy
AEMAgnico Eagle Mines$81.73$79.80-2.36%Buy

GOLD Forecast FAQ

Is Barrick Gold a good buy?

Yes, according to 9 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 55.56% of GOLD's total ratings.

What is GOLD's price target?

Barrick Gold (GOLD) average price target is $24.25 with a range of $22 to $27, implying a 56.86% from its last price of $15.46. The data is based on 9 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 56.86% (from the last price of $15.46 to the average price target of $24.25), up by 74.64% based on the highest stock price target, and up by 42.30% based on the lowest stock price target.

Can Barrick Gold stock reach $20?

GOLD's average twelve months analyst stock price target of $24.25 supports the claim that Barrick Gold can reach $20 in the near future.

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 $16.87B (high $17.84B, low $16.02B), average EBITDA is $9.07B (high $9.59B, low $8.61B), average net income is $3.44B (high $3.7B, low $3.21B), average SG&A $251.69M (high $266.18M, low $239.02M), and average EPS is $1.96 (high $2.11, low $1.83). GOLD's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $13.43B (high $14.21B, low $12.76B), average EBITDA is $7.22B (high $7.64B, low $6.86B), average net income is $3.42B (high $3.67B, low $3.19B), average SG&A $200.44M (high $211.98M, low $190.34M), and average EPS is $1.95 (high $2.1, low $1.82).

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 $5.69B by -5.50%. The company's net income was $1.02B, missing the average estimation of $1.66B by -38.67%. Apple's SG&A was $159M, missing the average forecast of $198.93M by -20.07%. 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%