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GOLD

Barrick Gold Corporation

https://www.barrick.com

Industry

Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, 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 throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

Open

16.87

Mkt cap

29B

Volume

19M

High

16.91

P/E Ratio

18.10

52-wk high

21.35

Low

16.59

Div yield

0.02

52-wk low

13.76

Barrick Gold's stock has fallen 12% from its 52-week high, presenting a potential buying opportunity. The company has a strong project pipeline, solid financials, and benefits from rising gold prices, indicating a healthy growth trajectory.

Portfolio Pulse from

November 06, 2024 | 1:30 pm

Gold Royalty Corp. reported its third quarter 2024 results, highlighting record revenue for the first nine months of 2024.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Barrick Gold is rated as a 'Buy' due to its undervaluation and strong fundamentals, including low net-debt and robust cash flow, which support potential dividend growth and share repurchase.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

UBS analyst Daniel Major has downgraded Barrick Gold from Buy to Neutral and lowered the price target from $23 to $22.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:47 am

Mali's government has threatened not to renew Barrick Gold's Loulo mine permit due to disputes over economic benefit sharing. The government demands $512 million in back taxes and dividends, of which Barrick has paid $85 million. Barrick aims to negotiate a fair settlement.

Portfolio Pulse from Stjepan Kalinic

October 28, 2024 | 12:16 pm

Recent options trading activity on Barrick Gold (NYSE:GOLD) shows a mix of bullish and bearish sentiment among large investors. Benzinga's options scanner detected 14 unusual trades, with a split of 50% bullish and 42% bearish sentiment. The trades suggest a targeted price range of $10.0 to $25.0 for Barrick Gold over the last three months. The stock is currently trading at $19.99, down 1.62%, with an average analyst target price of $23.0.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 4:04 pm

Barrick Gold is in negotiations with the Mali government following claims of a commitment breach. The discussions focus on a settlement framework that includes increased state benefits from the Loulo-Gounkoto complex, after Barrick made an $85 million payment.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:13 pm

Shares of gold and silver companies are experiencing an uptick due to increased demand for precious metals, driven by macroeconomic uncertainty related to the Middle East conflict and the upcoming US presidential election.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 5:00 pm

Precious metals stocks are experiencing a rise in share prices due to increased gold and silver prices. This surge is driven by macroeconomic uncertainties linked to the Middle East conflict and the upcoming US presidential election.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:33 pm

President Biden's upcoming visit to Angola highlights strategic motives, focusing on infrastructure development and critical mineral supply chains. The Lobito Corridor project, connecting Angola to the DRC and Zambia, is central to U.S. interests in countering China's influence and facilitating mineral exports crucial for EV and renewable energy technologies.

Portfolio Pulse from Stjepan Kalinic

October 19, 2024 | 9:33 pm

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