Barrick Gold Corporation (NYSE: GOLD) is a leading international gold mining company headquartered in Toronto, Canada. It operates mines and projects in 13 countries across North America, South America, Africa, and the Asia-Pacific region. Barrick is known for its focus on responsible mining practices and sustainable development.
Key Takeaways:
- Barrick Gold Corporation’s stock price is projected to grow steadily over the next several decades.
- Our forecast predicts a significant increase from $18.36 in July 2024 to $2200 by 2050.
- Factors such as gold prices, production levels, and global economic conditions will play crucial roles in GOLD’s performance.
- Investors should consider both short-term fluctuations and long-term growth potential when evaluating GOLD stock.
Overview of Barrick Gold Corporation
Barrick Gold Corporation has a rich history dating back to 1983 when it was founded by Peter Munk. Over the decades, it has grown to become one of the world’s largest gold mining companies, with operations spanning multiple continents. The company’s focus on operational efficiency, strategic acquisitions, and exploration has positioned it as a leader in the industry.
Key points on Barrick Gold Corporation’s recent activities:
- $23.4M investment in Hercules Silver (15.02% stake)
- Acquired Tanzanian licenses near existing mines
- Nevada Gold Mines joint venture with Newmont (61.5% Barrick-owned)
- $1B share buyback program announced
These actions show Barrick’s focus on growth, portfolio optimization, and shareholder value.
Barrick Gold Company Profile
| Country | Canada |
| Ticker Symbol | GOLD |
| Exchange | New York Stock Exchange (NYSE) |
| Founded | 1983 |
| IPO Date | 1985 |
| Industry | Gold and Copper Mining |
| Sector | Basic Materials |
| Employees | 21,300 |
| CEO | Mark Bristow |
| Market Cap (July 16, 2024) | $32.65 billion |
| Website | barrick |
Barrick Gold Corporation (GOLD) Balance Sheet Analysis
Barrick Gold Corporation (NYSE: GOLD) demonstrated a robust financial position in its 2023 balance sheet. Total assets stood at $45.8 billion, showing a marginal decrease from $46.0 billion in 2022. The company’s liabilities reduced to $13.8 billion from $14.7 billion, indicating improved debt management.
The mining giant’s equity position strengthened, rising to $32.0 billion from $31.3 billion in 2022. Net tangible assets also saw growth, reaching $19.7 billion, up from $19.1 billion the previous year, underlining the company’s solid asset base.
Barrick’s total debt remained relatively stable at $5.2 billion. However, net debt increased to $1.0 billion from $0.7 billion in 2022, suggesting a slight decrease in liquid assets. Working capital experienced a minor reduction, settling at $5.1 billion compared to $5.3 billion in 2022.
Overall, Barrick Gold’s 2023 balance sheet reflects a strong financial foundation. With a substantial equity position, manageable debt levels, and significant tangible assets, the company maintains its status as a leading player in the global gold mining industry, well-positioned for future growth and market challenges.
Balance Sheet Data Source: finance.yahoo
Barrick Gold Corporation Stock Price History
Barrick Gold Corporation (NYSE: GOLD) had its IPO in the year 1985. Barrick Gold (GOLD) has undergone four stock splits since its inception. The splits occurred in 1985 (1:5), 1987 (2:1), 1990 (2:1), and 1993 (2:1). The most recent split was on March 2, 1993. One share purchased before December 13, 1985, would now be equivalent to 1.6 shares due to these cumulative splits.1
As of July 15, 2024, GOLD stock price stands at $18.36.
Barrick Gold Stock Price Forecast 2024
We anticipate modest growth for the remainder of the year, driven by steady gold prices and operational improvements.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $17.50 | $19.25 | $21.00 |
Our forecast suggests a potential growth of 4.85% from the current price to the average price for 2024.
In 2024, Barrick Gold Corporation is expected to benefit from increased global economic uncertainty, driving demand for safe-haven assets like gold. The company’s focus on cost reduction and operational efficiency should contribute to improved profit margins. However, potential regulatory changes in key mining regions could pose challenges, requiring careful navigation by management.
Barrick Gold Stock Price Forecast 2025
In 2025, we expect GOLD to continue its upward trend, benefiting from increased gold demand and improved production efficiency.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $20.00 | $22.50 | $25.00 |
This represents a projected growth of 16.88% from the 2024 average price to the 2025 average price.
The year 2025 could see Barrick Gold capitalizing on its investments in digital transformation and automation. These technological advancements are likely to boost productivity and reduce operational costs. Additionally, growing environmental concerns may lead to stricter mining regulations, potentially benefiting established players like Barrick who have the resources to comply with higher standards.
Barrick Gold Stock Price Forecast 2026
The year 2026 could see GOLD further solidifying its market position, with the stock price reflecting the company’s strong fundamentals.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $24.00 | $27.00 | $30.00 |
We forecast a growth of 20% from the 2025 average price to the 2026 average price.
In 2026, Barrick Gold is expected to reap the benefits of its exploration investments, potentially announcing new gold reserves. The company’s commitment to sustainable mining practices may also attract environmentally conscious investors. However, potential geopolitical tensions in key mining regions could introduce volatility, requiring astute risk management from Barrick’s leadership team.
Barrick Gold Stock Price Forecast 2027
As we move into 2027, GOLD’s stock price is expected to continue its ascent, driven by strategic expansions and favorable market conditions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $29.00 | $32.50 | $36.00 |
This indicates a projected growth of 20.37% from the 2026 average price to the 2027 average price.
2027 might see Barrick Gold leveraging its strong cash position for strategic acquisitions, potentially expanding its global footprint. The company’s ongoing efforts in community engagement and social responsibility could enhance its reputation, attracting socially responsible investors. However, fluctuations in energy prices could impact operational costs, requiring careful management of the company’s cost structure.
Barrick Gold Stock Price Forecast 2028
In 2028, we anticipate GOLD to maintain its growth momentum, potentially benefiting from increased global economic uncertainty driving gold prices higher.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $35.00 | $39.00 | $43.00 |
Our forecast suggests a growth of 20% from the 2027 average price to the 2028 average price.
The year 2028 could see Barrick Gold benefiting from increased institutional investment in gold as a hedge against economic uncertainty. The company’s ongoing efforts in developing cleaner gold extraction methods may also pay off, potentially leading to premium pricing for its “green gold”. However, emerging technologies in gold recycling could pose a challenge, requiring Barrick to adapt its long-term strategies.
Barrick Gold Stock Price Forecast 2029
As we approach the end of the decade, GOLD’s stock price is expected to reflect the company’s continued operational excellence and strategic positioning.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $42.00 | $47.00 | $52.00 |
This represents a projected growth of 20.51% from the 2028 average price to the 2029 average price.
In 2029, Barrick Gold may see increased demand from the technology sector as new applications for gold in electronics emerge. The company’s investments in AI and machine learning for exploration could lead to significant new discoveries. However, potential changes in global monetary policies could affect gold prices, requiring Barrick to maintain flexibility in its production strategies.
Barrick Gold Stock Price Forecast 2030
Entering the 2030s, we expect GOLD to maintain its upward trend, potentially reaching new highs as the company leverages technological advancements in gold mining.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $50.00 | $56.50 | $63.00 |
We forecast a growth of 20.21% from the 2029 average price to the 2030 average price.
2030 could be a landmark year for Barrick Gold as it potentially achieves its long-term sustainability goals. This achievement may attract a new wave of environmentally conscious investors. The company’s investments in blockchain technology for supply chain transparency could also pay off, potentially commanding premium prices for its ethically sourced gold. However, increased competition from synthetic gold alternatives may pose new challenges.
Related: Vulcan Materials Company (VMC) Stock Forecast & Price Prediction
Barrick Gold Stock Price Forecast 2031
In 2031, GOLD’s stock price is anticipated to continue its climb, reflecting the company’s strong market position and operational efficiency.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $60.00 | $68.00 | $76.00 |
This indicates a projected growth of 20.35% from the 2030 average price to the 2031 average price.
By 2031, Barrick Gold might be at the forefront of space mining research, potentially positioning itself for future extraterrestrial resource extraction. The company’s continued investment in local communities could result in smoother operations and expanded social license to operate. However, evolving global tax regulations for multinational corporations could impact profitability, requiring careful financial planning.
Barrick Gold Stock Price Forecast 2032
As we move further into the decade, GOLD’s stock price is expected to benefit from increasing global demand for gold and the company’s strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $72.00 | $82.00 | $92.00 |
Our forecast suggests a growth of 20.59% from the 2031 average price to the 2032 average price.
In 2032, Barrick Gold could see increased demand from the healthcare sector as new medical applications for gold nanoparticles are developed. The company’s long-term investments in renewable energy for its operations may significantly reduce costs. However, potential breakthroughs in artificial gold synthesis could pose a threat, requiring Barrick to emphasize the unique properties of natural gold.
Barrick Gold Stock Price Forecast 2033
In 2033, we anticipate GOLD to continue its strong performance, with the stock price reflecting the company’s ability to navigate changing market conditions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $86.00 | $98.50 | $111.00 |
This represents a projected growth of 20.12% from the 2032 average price to the 2033 average price.
2033 might see Barrick Gold benefiting from increased gold demand in emerging markets as wealth distribution shifts globally. The company’s investments in quantum computing for complex geological modeling could lead to significant new discoveries. However, stricter global regulations on water usage in mining operations could pose challenges, requiring innovative solutions from Barrick’s research and development team.
Barrick Gold Stock Price Forecast 2034
As we approach the mid-2030s, GOLD’s stock price is expected to maintain its upward momentum, driven by the company’s strong fundamentals and market position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $103.00 | $118.00 | $133.00 |
We forecast a growth of 19.80% from the 2033 average price to the 2034 average price.
In 2034, Barrick Gold could be leveraging advanced biotechnology for gold extraction, potentially revolutionizing the industry with more environmentally friendly methods. The company’s long-term partnerships with technology firms might result in new gold-based products. However, potential breakthroughs in fusion energy could affect global economic dynamics and gold demand, requiring Barrick to diversify its portfolio.
Barrick Gold Stock Price Forecast 2035
In 2035, GOLD’s stock price is anticipated to continue its ascent, potentially benefiting from increased global economic uncertainty and demand for safe-haven assets.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $124.00 | $142.00 | $160.00 |
This indicates a projected growth of 20.34% from the 2034 average price to the 2035 average price.
By 2035, Barrick Gold might be involved in pioneering efforts to extract gold from electronic waste, tapping into urban mining. The company’s investments in artificial intelligence for predictive maintenance could significantly reduce downtime and boost productivity. However, potential breakthroughs in creating large-scale quantum computers could impact encryption methods based on gold, requiring Barrick to adapt its market strategy.
Barrick Gold Stock Price Forecast 2036
As we move into the latter half of the 2030s, we expect GOLD to maintain its growth trend, reflecting the company’s ability to adapt to changing market dynamics.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $149.00 | $170.50 | $192.00 |
Our forecast suggests a growth of 20.07% from the 2035 average price to the 2036 average price.
In 2036, Barrick Gold could be at the forefront of developing new gold-based materials for advanced technology applications. The company’s long-term investments in employee education and training might result in a highly skilled workforce, driving innovation. However, potential breakthroughs in asteroid mining by competitor companies could introduce new market dynamics, requiring Barrick to reassess its long-term strategies.
Barrick Gold Stock Price Forecast 2037
In 2037, GOLD’s stock price is anticipated to continue its upward trend, driven by the company’s strategic initiatives and operational efficiency.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $179.00 | $205.00 | $231.00 |
This represents a projected growth of 20.23% from the 2036 average price to the 2037 average price.
2037 might see Barrick Gold benefiting from increased gold demand in the rapidly growing field of quantum technology. The company’s investments in advanced robotics for deep mining could open up new resource areas. However, potential shifts in global monetary policies, such as the adoption of digital currencies by major economies, could impact gold’s status, requiring Barrick to emphasize gold’s industrial applications.
Barrick Gold Stock Price Forecast 2038
As we approach the end of the 2030s, we expect GOLD to maintain its strong performance, with the stock price reflecting the company’s market leadership.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $215.00 | $246.00 | $277.00 |
We forecast a growth of 20% from the 2037 average price to the 2038 average price.
By 2038, Barrick Gold could be leveraging advanced nanotechnology for more efficient gold extraction and refining processes. The company’s long-term investments in sustainable community development around its mining sites might result in strong local support and smoother operations. However, potential breakthroughs in creating artificial elements with properties similar to gold could pose new market challenges.
Barrick Gold Stock Price Forecast 2039
In 2039, GOLD’s stock price is anticipated to continue its climb, potentially benefiting from increased global demand for gold and the company’s strong market position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $258.00 | $295.00 | $332.00 |
This indicates a projected growth of 19.92% from the 2038 average price to the 2039 average price.
In 2039, Barrick Gold might be pioneering in the field of biomining, using engineered microorganisms for gold extraction. The company’s investments in fusion power for its operations could significantly reduce energy costs. However, potential breakthroughs in room-temperature superconductors could affect gold demand in certain industries, requiring Barrick to explore new market opportunities.
Barrick Gold Stock Price Forecast 2040
As we enter the 2040s, we expect GOLD to maintain its upward momentum, reflecting the company’s ability to navigate changing market conditions and capitalize on new opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $310.00 | $354.00 | $398.00 |
Our forecast suggests a growth of 20% from the 2039 average price to the 2040 average price.
By 2040, Barrick Gold could be at the forefront of developing gold-based quantum materials for advanced computing applications. The company’s long-term investments in AI-driven exploration might lead to significant new discoveries in previously overlooked areas. However, potential breakthroughs in large-scale transmutation of elements could introduce new competitors, requiring Barrick to emphasize its established brand and reliability.
Barrick Gold Stock Price Forecast 2050
Looking ahead to 2050, we anticipate GOLD’s stock price to reach significant heights, reflecting decades of growth, strategic positioning, and market leadership.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $1900.00 | $2200.00 | $2500.00 |
This represents a substantial increase from the 2040 average price, with a compound annual growth rate (CAGR) of approximately 20.05% over the decade.
In 2050, Barrick Gold might be involved in pioneering space mining operations, potentially extracting gold from asteroids. The company’s investments in molecular-level recycling technologies could open up new sources of gold from electronic waste. However, potential breakthroughs in creating stable elements with properties superior to gold could pose significant market challenges, requiring Barrick to continually innovate and adapt its business model.
Conclusion
Our analysis suggests that Barrick Gold Corporation (NYSE: GOLD) has the potential for significant long-term growth. We project the stock to reach an average price of $2200 by 2050. This remarkable growth is based on several factors, including the company’s strong market position, operational efficiency, and the anticipated increase in global demand for gold.
FAQs
1. What is the future of GOLD share price?
Our forecast suggests a positive long-term outlook for Barrick Gold Corporation (NYSE: GOLD) share price. We project steady growth from $18.36 in July 2024 to an average price of $2200 by 2050. This represents a significant increase over time, driven by factors such as operational efficiency, technological advancements, and anticipated growth in gold demand.
2. What is the GOLD share prediction for 2030?
For 2030, we predict GOLD’s share price to range between $50.00 (low) and $63.00 (high), with an average price of $56.50. This represents a substantial increase from the 2024 price, reflecting our expectation of the company’s continued growth and market strength over this period.
3. What is the GOLD 10 year outlook?
Our 10-year outlook for GOLD (from 2024 to 2034) is positive. We project the stock to grow from an average price of $19.25 in 2024 to $118.00 in 2034. This represents a compound annual growth rate (CAGR) of approximately 19.89% over this period. We anticipate this growth to be driven by factors such as increased gold demand, operational improvements, and strategic initiatives by the company.
4. Is GOLD a buy, hold, or sell?
we believe that GOLD (Barrick Gold Corporation) could be considered a “buy” or “hold” for investors with a long-term investment horizon. Our forecast suggests significant long-term growth for GOLD, with the stock price projected to increase from $18.36 in July 2024 to an average of $2200 by 2050. This represents substantial potential for capital appreciation.
5. Who are the major competitors of GOLD?
Some of the major competitors of Barrick Gold Corporation typically include:
- Newmont Corporation (NYSE: NEM)
- AngloGold Ashanti Limited (NYSE: AU)
- Kinross Gold Corporation (NYSE: KGC)
- Newcrest Mining Limited (ASX: NCM)
- Gold Fields Limited (NYSE: GFI)
- Agnico Eagle Mines Limited (NYSE: AEM)
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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