Analyst Price Target is $23.75
▲ +26.84% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Barrick Gold in the last 3 months. The average price target is $23.75, with a high forecast of $38.00 and a low forecast of $17.00. The average price target represents a 26.84% upside from the last price of $18.73.
Current Consensus is
Moderate Buy
The current consensus among 12 contributing investment analysts is to moderate buy stock in Barrick Gold. This Moderate Buy consensus rating has held steady for over two years.
Barrick Gold Corporation is a sector-leading gold and copper producer. Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick. Nevada Gold Mines is the world's largest gold mining complex. Barrick owns and operates six Tier One gold mines: Cortez, Carlin and Turquoise Ridge in Nevada, Loulo-Gounkoto in Mali, Kibali in the Democratic Republic of Congo and Pueblo Viejo in the Dominican Republic.
It has gold and copper mines and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia. Barrick's diversified portfolio spans the world's most prolific gold districts and is focused on high-margin, long life assets.
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