Barrick Gold Corporation (ABX) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com (2024)

Disclaimer: The TipRanks Smart Score performance is based on backtested results. Backtested performance is not an indicator of future actual results. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations and warranties are made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from backtested performance. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Please note all regulatory considerations regarding the presentation of fees must be taken into account. No cash balance or cash flow is included in the calculation.

Barrick Gold Corporation (ABX) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com (2024)

FAQs

Barrick Gold Corporation (ABX) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com? ›

Based on 9 Wall Street analysts offering 12 month price targets for Barrick Gold in the last 3 months. The average price target is $24.72 with a high forecast of $27.97 and a low forecast of $20.97. The average price target represents a 23.23% change from the last price of $20.06.

What is the forecast for Barrick Gold Corporation? ›

Based on the stock forecast from 15 analysts, the average target price for Barrick Gold over the next 12 months is CAD 29.69, suggesting an upside potential from the current stock price of CAD 27.85. This translates to a potential gain of approximately 6.6% if the stock reaches the analyst target.

Is ABX a buy or sell? ›

Barrick Gold Corporation's analyst rating consensus is a Strong Buy. This is based on the ratings of 9 Wall Streets Analysts.

What is the price target for ABX? ›

Stock Price Target ABX
High$27.67
Median$22.95
Low$18.00
Average$23.03
Current Price$26.85

What is Barrick stock target? ›

Stock Price Targets
High$27.92
Median$23.16
Low$18.00
Average$23.24
Current Price$20.58

What is the outlook for Barrick Gold in 2024? ›

The Toronto, Canada-based company reaffirmed its annual gold production outlook of 3.9 million ounces to 4.3 million ounces. This compares to analysts expectations of 4 million ounces of gold in 2024.

Is Barrick Gold a hold or sell? ›

Barrick Gold stock has received a consensus rating of buy. The average rating score is and is based on 13 buy ratings, 4 hold ratings, and 0 sell ratings.

Is Barrick Gold a good long-term investment? ›

Valuation metrics show that Barrick Gold Corporation may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of GOLD, demonstrate its potential to outperform the market. It currently has a Growth Score of B.

How often does ABX pay dividends? ›

There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.0. Our premium tools have predicted Barrick Gold Corp. with 82% accuracy. Sign up for Barrick Gold Corp.

What is ABX dividend growth rate? ›

Stability and Growth of Payments
DateDividend Per Share (annual)Avg. Yield (%)
12/30/2026US$0.5952.10%
12/30/2025US$0.5531.95%
12/30/2024US$0.5461.93%
08/29/2024US$0.4002.01%
42 more rows

What is the stock price prediction for Barrick Gold in 2025? ›

On average, Wall Street analysts predict that Barrick Gold's share price could reach $25.00 by Aug 29, 2025. The average Barrick Gold stock price prediction forecasts a potential upside of 27.55% from the current GOLD share price of $19.60.

Does Barrick Gold pay dividends? ›

How much is Barrick Gold Corporation's dividend? GOLD pays a dividend of $0.1 per share. GOLD's annual dividend yield is 1.95%.

What is the target price model? ›

What is a target pricing strategy? The target pricing method determines pricing based on a target profit margin. It is based on the costs of producing and delivering your product or service and what customers will pay for it. You first decide how much profit you need to make then set the price based on that.

How high will Barrick Gold go? ›

Average Price Target

Based on 9 Wall Street analysts offering 12 month price targets for Barrick Gold in the last 3 months. The average price target is $24.71 with a high forecast of $27.96 and a low forecast of $20.97. The average price target represents a 20.42% change from the last price of $20.52.

At what price did Buffett buy Barrick Gold? ›

Given Buffett's aversion to gold, market watchers were understandably surprised when Berkshire Hathaway invested in Barrick Gold (TSX:ABX,NYSE:GOLD) in Q2 2020, paying around US$560 million for about 21 million shares of the major gold miner.

What is happening with Barrick Gold stock? ›

Barrick Gold (GOLD) reachead $20.84 at the closing of the latest trading day, reflecting a +1.26% change compared to its last close.

Does Warren Buffett own Barrick Gold stock? ›

Warren Buffett bought an approximate stake of US$565 million in Barrick Gold (TSX:ABX)(NYSE:ABX) in Q2 2020. As the Berkshire Hathaway's 13F filing revealed this Tuesday, he had exited the gold position altogether by the end of 2020. US$565 million is a lot of money to most people.

What is the gold prediction for 2024? ›

Gold prices are expected to climb to $2,500/oz by the end of 2024, according to J.P. Morgan Research estimates.

Is Barrick Gold a good dividend stock? ›

During the past 12 months, Barrick Gold's average Dividends Per Share Growth Rate was -27.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 32.30% per year.

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