Barrick GoldGOLD
About: Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2024, the firm produced nearly 3.9 million attributable ounces of gold and about 430 million pounds of copper. At year-end 2024, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.
Employees: 26,800
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
17% more call options, than puts
Call options by funds: $1.01B | Put options by funds: $866M
15% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 94
0% more funds holding
Funds holding: 713 [Q3] → 716 (+3) [Q4]
0.51% less ownership
Funds ownership: 56.44% [Q3] → 55.94% (-0.51%) [Q4]
7% less repeat investments, than reductions
Existing positions increased: 227 | Existing positions reduced: 244
18% less funds holding in top 10
Funds holding in top 10: 22 [Q3] → 18 (-4) [Q4]
23% less capital invested
Capital invested by funds: $19.8B [Q3] → $15.2B (-$4.6B) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Scotiabank Tanya Jakusconek 92% 1-year accuracy 24 / 26 met price target | 9%upside $22 | Sector Perform Maintained | 14 Apr 2025 |
UBS Daniel Major 87% 1-year accuracy 13 / 15 met price target | 24%upside $25 | Buy Maintained | 11 Apr 2025 |
RBC Capital Josh Wolfson 100% 1-year accuracy 10 / 10 met price target | 14%upside $23 | Outperform Maintained | 4 Apr 2025 |
Raymond James Brian MacArthur 72% 1-year accuracy 13 / 18 met price target | 17%upside $24 | Outperform Maintained | 31 Mar 2025 |
B of A Securities Michael Jalonen 50% 1-year accuracy 1 / 2 met price target | 11%downside $18 | Neutral Downgraded | 27 Jan 2025 |
Financial journalist opinion
Based on 38 articles about GOLD published over the past 30 days
