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.
FAQs
Barrick Gold Corporation (GOLD) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com? ›
The average price target for Barrick Gold Corporation is $24.71. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $27.95 ,the lowest forecast is $20.96. The average price target represents 18.57% Increase from the current price of $20.84.
What is the Barrick Gold forecast for 2024? ›Barrick expects gold production to range between 3.9 million ounces and 4.3 million ounces this year, compared with 4.05 million ounces in 2023. The company expects its Porgera gold mine in Papua New Guinea to produce 50,000 to 70,000 ounces during the year.
Is Barrick 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 Barrick stock target? ›| High | $27.92 |
|---|---|
| Median | $23.16 |
| Low | $18.00 |
| Average | $23.24 |
| Current Price | $20.58 |
The price of gold might approach $3,000 in 2025 and exceed $3,000 in 2026. Eventually, gold could approach $5,000 by 2030. Our gold price prediction for the coming years is directionally bullish.
How high will Barrick Gold go? ›The average price target for Barrick Gold Corporation is $24.61. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $28.04 ,the lowest forecast is $21.03. The average price target represents 29.53% Increase from the current price of $19.
How much will an ounce of gold be worth in 2024? ›ING anticipates continued strength in gold prices and expects them to average $2,031 per ounce in 2024, with a fourth-quarter average of $2,100 per ounce.
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.
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.
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.
Who owns the most Barrick Gold stock? ›
Who owns the most shares of Barrick Gold Corporation (GOLD)? VanEck owns the most shares of Barrick Gold Corporation (GOLD).
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 Barrick Gold have a lot of debt? ›Barrick Gold long term debt for 2021 was $5.135B, a 0% decline from 2020.
What is Barrick Gold stock price forecast for 2024? ›Our forecast trading range for gold in 2024 is $2,200-$1,700, and our average forecast for the year is now $2,000.
How much will an ounce of gold be worth in 2030? ›| Time Frame | Gold Price Forecast |
|---|---|
| 2021 | US$ 1,700 |
| 2022 | US$ 1,600 |
| 2023 | US$ 1,550 |
| 2035 | US$ 1,600 |
| Date | 22 Carat | 24 Carat |
|---|---|---|
| 2024-09-10 | ₹66,046 (303) | ₹72,050 (330) |
| 2024-09-09 | ₹65,743 (119) | ₹71,720 (130) |
| 2024-09-08 | ₹65,624 (9) | ₹71,590 (10) |
| 2024-09-07 | ₹65,615 (0) | ₹71,580 (0) |
| Moving Averages: | Sell | Sell: (11) |
| Technical Indicators: | Strong Sell | Sell: (11) |
| Ticker | Company | Performance (Year) |
|---|---|---|
| CDE | Coeur Mining Inc | 146.59% |
| NGD | New Gold Inc | 136.79% |
| HMY | Harmony Gold Mining Co Ltd ADR | 131.89% |
| IAG | Iamgold Corp. | 100.00% |