Barrick Gold is one of the largest gold mining companies in the world, with a market capitalization of over $50 billion.
The company has a long history of producing gold, with operations in over 13 countries.
Barrick Gold has a strong financial position, with a debt-to-equity ratio of around 0.2, indicating that it has a manageable level of debt.
Its cash flow has been steadily increasing over the years, reaching $2.5 billion in 2020.
The company's focus on cost-cutting measures has helped to improve its profitability, with a net income margin of around 15% in 2020.
Barrick Gold's gold production has been steadily increasing, reaching 5.4 million ounces in 2020.
The company's reserves are also significant, with proven and probable reserves of around 100 million ounces.
Financial Information
Barrick Gold's financial information is a crucial aspect to consider when evaluating its stock. The company's revenue is estimated to reach 21,744 CAD in 2025, 21,917 CAD in 2026, and 23,855 CAD in 2028.
Barrick Gold's dividend per share is expected to be 0.58 CAD in 2025, increasing to 0.61 CAD in 2026 and 1.03 CAD in 2027. The dividend yield in 2025 is estimated to be 2.58%.
The company's earnings per share (EPS) is projected to be 2.47 CAD in 2025, 2.58 CAD in 2026, and 2.49 CAD in 2027. The price-to-earnings (P/E) ratio is estimated to be 9.03 in 2025, decreasing to 8.63 in 2026 and 8.94 in 2027.
Barrick Gold's net profit is expected to be 4,497 CAD in 2025, increasing to 4,322 CAD in 2026 and 4,399 CAD in 2027. The net profit adjusted is also expected to be 4,497 CAD in 2025 and 2026.
Here's a summary of Barrick Gold's financial estimates:
Barrick Gold's cash flow from operations is expected to be 8,777 CAD in 2025, increasing to 9,067 CAD in 2026 and 9,281 CAD in 2027. The free cash flow is estimated to be 1,164 CAD in 2025, increasing to 1,651 CAD in 2026 and 2,154 CAD in 2027.
Stock Details
Barrick Gold has a market capitalization of over $50 billion, making it one of the largest gold mining companies in the world.
Barrick Gold's stock price has been relatively stable over the past few years, with a five-year average annual return of around 10%.
A Top Pick?
Barrick Gold has been recommended as a Top Pick by several stock experts.
The analyst opinions on Barrick Gold are varied, with some maintaining a Buy rating and others downgrading to Hold.
BMO Capital Markets has consistently maintained a Buy rating for Barrick Gold, with a price target of $30 on multiple occasions.
On the other hand, Argus Research Company downgraded Barrick Gold to a Hold rating on February 26, 2024.
Some analysts, like Jefferies & Company Inc. and CIBC World Markets Inc., have maintained a Buy rating for Barrick Gold, but with different price targets.
Here's a summary of the analyst opinions:
While analyst opinions are just one factor to consider, they can provide valuable insights into a stock's potential.
Past Events
Barrick Gold has a history of releasing its earnings reports on a quarterly basis, with the most recent ones being in Q3 2024, Q2 2024, and Q1 2024.
These reports have shown varying levels of profitability, with the lowest being a loss of 0.570 CAD in Q4 2022, and the highest being 0.517 CAD in Q4 2021.
Here's a list of some of the key events from Barrick Gold's past:
The company also holds Annual General Meetings, which are usually scheduled in May.
Calendar
Barrick Gold has a history of paying consistent dividends, with the highest dividend paid in 2012 at 0.81 CAD.
The company's dividend yield has varied over the years, ranging from 0.55% in 2016 to 2.58% in 2022.
Barrick Gold's dividend payment schedule has remained relatively consistent, with the company paying out dividends in CAD since 2008.
Here's a breakdown of Barrick Gold's dividend payments from 2008 to 2023:
Barrick Gold has also announced its earnings release dates for 2025, which include:
- Q4 2024 Earnings Release: 02/12/2025
- Q1 2025 Earnings Release: 04/30/2025
- Q2 2025 Earnings Release: 08/18/2025
- Q3 2025 Earnings Release: 11/06/2025
Stock Performance
Barrick Gold's stock price has seen some fluctuations over the years. On 2025-01-02, it closed at $23.01, while on 2019-08-07, it closed at $17.57.
The stock has been underperforming compared to the gold price, with a 9% decline despite a 13% increase in gold prices this year. However, the company is getting its costs under control, which is a positive sign.
Shares have been weak, but the CEO is still optimistic about the company's prospects. In fact, the CEO is a key reason why Barrick Gold is considered a good stock to buy, despite the challenges it's facing.
Here are some key price levels to monitor: $18.15, $20.20, and $25.
Flag Breakout
Barrick Gold shares have been on a roll, surging more than 9% on Monday after posting better-than-expected second-quarter results. This was driven by buoyant gold prices and robust production, with the company reporting gold production of 948,000 ounces, easily surpassing estimates of 905,800 ounces.
The share price has broken out from a flag, a chart pattern that indicates a continuation of the current move higher. This means investors can expect further upside in Barrick Gold shares.
A flag pattern is a technical indicator that signals a potential breakout. In Barrick Gold's case, the price has broken out from the flag and closed above the respected 200-week moving average in Monday's trading session.
Here are the key price levels to monitor for Barrick Gold shares:
- $18.15
- $20.20
- $25
These levels are important chart levels that investors should keep an eye on as the share price continues its upward momentum.
Key Price Levels
Barrick Gold shares have a crucial chart level at $18.15, a horizontal line that connects multiple peaks and troughs dating back to September 2021, which may flip from providing prior resistance to offering future support during retracements.
A close above this level could fuel a rally up to $20.20, an area on the chart that may generate selling pressure from a trendline linking comparable price action between March 2021 and May 2023.
The $20.20 level is also near a multi-year downtrend line joining the prominent August 2020 and April swing highs, which could run into overhead resistance.
A more bullish move may see the shares climb to $25, where sellers could materialize to book profits in the gold miner near the May 2021 swing high, which also closely aligns with several trading levels around the April peak.
Here are the key price levels to monitor:
Frequently Asked Questions
What is the prediction for Barrick Gold?
According to 17 analyst forecasts, Barrick Gold is predicted to reach an average price of $22.53, representing a 43.69% increase from its last closing price. This prediction ranges from $17.00 to $28.00, indicating a potential significant growth in the company's stock value.
Does Barrick Gold have a lot of debt?
Barrick Gold's debt is relatively stable at around $4.67 billion, but its net debt is manageable at about $445 million due to a significant cash reserve of $4.23 billion. This balance suggests Barrick Gold has a solid financial foundation despite its substantial debt.
Sources
- https://markets.businessinsider.com/stocks/gold-stock
- https://www.investopedia.com/watch-these-barrick-gold-price-levels-as-stock-regains-luster-after-earnings-beat-8694332
- https://stockchase.com/company/view/9/ABX-T
- https://stockchase.com/company/view/2210/ABX-N
- https://www.forbes.com/sites/greatspeculations/2024/09/17/will-barrick-gold-stock-shine-like-the-metal/
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