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TSE:ABX

Barrick Gold (ABX) Stock Price, News & Analysis

C$22.56
+0.57 (+2.59%)
(As of 02:03 PM ET)
Today's Range
C$22.05
C$22.59
50-Day Range
C$19.04
C$21.57
52-Week Range
C$18.65
C$28.19
Volume
1.92 million shs
Average Volume
3.18 million shs
Market Capitalization
C$39.71 billion
P/E Ratio
23.02
Dividend Yield
2.39%
Price Target
C$28.81

Barrick Gold MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
29.4% Upside
C$28.81 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Barrick Gold in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

ABX stock logo

About Barrick Gold Stock (TSE:ABX)

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located in the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.

ABX Stock Price History

ABX Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Today
3/28/2024
Next Earnings (Estimated)
5/01/2024

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
17,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$28.81
High Stock Price Target
C$34.50
Low Stock Price Target
C$24.00
Potential Upside/Downside
+31.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
C$1.27 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$11.40 billion
Cash Flow
C$3.04 per share
Book Value
C$13.30 per share

Miscellaneous

Outstanding Shares
1,760,000,000
Free Float
N/A
Market Cap
C$38.70 billion
Optionable
Not Optionable
Beta
0.41
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Key Executives

  • Dr. Dennis Mark Bristow (Age 65)
    President, CEO, Member of International Advisory Board & Director
    Comp: $8.08M
  • Mr. Graham Patrick Shuttleworth (Age 55)
    Senior EVP & CFO
    Comp: $3.93M
  • Mr. Kevin J. Thomson (Age 67)
    Senior Executive Vice President of Strategic Matters
    Comp: $3.68M
  • Mr. Mark F. Hill B.Eng (Age 59)
    Chief Operating Officer of Latin America & Asia Pacific
    Comp: $3.15M
  • Ms. Christine Keener (Age 48)
    Chief Operating Officer of North America
    Comp: $4.45M
  • Ms. Lois V. Wark (Age 68)
    Group Corporate Communications & Investor Relations Executive
  • Ms. Poupak Bahamin (Age 53)
    General Counsel
  • Mr. Darian Kevin Rich (Age 63)
    Human Resources Executive
  • Mike Estes
    Chief Financial Officer of Barrick Nevada
  • Mr. Grant Beringer (Age 43)
    Group Sustainability Executive

Should I Buy Barrick Gold Stock? ABX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Barrick Gold was last updated on Wednesday, March 27, 2024 at 10:56 PM.

Pros

Here are some ways that investors could benefit from investing in Barrick Gold Co.:

  • Barrick Gold recently disclosed a quarterly dividend of $0.10 per share, representing a 1.87% yield, which can provide investors with a steady income stream.
  • The company has ownership interests in producing gold and copper mines in various countries, diversifying its revenue sources and potentially reducing risk.
  • Insider transactions, such as Senior Officer Christine Elizabeth Keener buying 30,833 shares of the firm's stock, can indicate confidence in the company's future performance.
  • Barrick Gold's dividend payout ratio of 55.10% suggests that the company is returning a significant portion of its earnings to shareholders.
  • The company's exploration, mine development, and production activities in gold, copper, silver, and energy materials provide exposure to multiple commodities, allowing investors to benefit from price movements in these markets.

Cons

Investors should be bearish about investing in Barrick Gold Co. for these reasons:

  • The recent insider transactions, such as Senior Officer Joel James Holliday selling 3,000 shares of the business's stock, may raise concerns about insider sentiment towards the company.
  • Market volatility in the gold and copper industries can impact Barrick Gold's financial performance and stock price, leading to potential investment risks.
  • External factors like geopolitical instability in countries where Barrick Gold operates its mines can disrupt operations and affect the company's profitability.
  • Fluctuations in commodity prices, especially gold and copper, can directly influence Barrick Gold's revenue and profitability, exposing investors to market price risks.
  • Investors should consider the company's exposure to environmental and regulatory risks associated with mining operations, which could impact its operational costs and reputation.

ABX Stock Analysis - Frequently Asked Questions

Should I buy or sell Barrick Gold stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Barrick Gold in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ABX shares.
View ABX analyst ratings
or view top-rated stocks.

What is Barrick Gold's stock price target for 2024?

9 analysts have issued 1-year target prices for Barrick Gold's shares. Their ABX share price targets range from C$24.00 to C$34.50. On average, they expect the company's share price to reach C$28.81 in the next year. This suggests a possible upside of 29.4% from the stock's current price.
View analysts price targets for ABX
or view top-rated stocks among Wall Street analysts.

How have ABX shares performed in 2024?

Barrick Gold's stock was trading at C$23.94 on January 1st, 2024. Since then, ABX shares have decreased by 7.0% and is now trading at C$22.26.
View the best growth stocks for 2024 here
.

When is Barrick Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ABX earnings forecast
.

How were Barrick Gold's earnings last quarter?

Barrick Gold Co. (TSE:ABX) announced its quarterly earnings data on Wednesday, February, 14th. The basic materials company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.09. The basic materials company earned $4.16 billion during the quarter, compared to the consensus estimate of $4.28 billion. Barrick Gold had a net margin of 11.16% and a trailing twelve-month return on equity of 6.17%.

How often does Barrick Gold pay dividends? What is the dividend yield for Barrick Gold?

Barrick Gold declared a quarterly dividend on Wednesday, February 14th. Investors of record on Thursday, February 29th will be given a dividend of 0.10 per share on Friday, March 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, February 28th.
Read our dividend analysis for ABX
.

Is Barrick Gold a good dividend stock?

Barrick Gold (TSE:ABX) pays an annual dividend of C$0.54 per share and currently has a dividend yield of 2.56%. The dividend payout ratio is 55.10%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ABX.

What other stocks do shareholders of Barrick Gold own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Barrick Gold investors own include Barrick Gold (GOLD), NVIDIA (NVDA), Bank of Nova Scotia (BNS), AT&T (T), Enbridge (ENB), Suncor Energy (SU), Toronto-Dominion Bank (TD), Canadian Natural Resources (CNQ), Royal Bank of Canada (RY) and AbbVie (ABBV).

How do I buy shares of Barrick Gold?

Shares of ABX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ABX) was last updated on 3/28/2024 by MarketBeat.com Staff

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