Canadian Dollar Outlook: The Canadian dollar showed a 5% gain in 2025 despite negative sentiment, with trade negotiations, particularly the USMCA, expected to dominate the narrative in 2026.
US Supreme Court Impact: The upcoming US Supreme Court decision on presidential tariff powers could significantly influence market confidence, with potential outcomes ranging from restored faith in US governance to increased political instability.
Canadian Consumer Resilience: Despite challenges in the housing market, Canadian consumers continued to spend in 2025, supported by a new government favorable to commodities and a stabilizing investment landscape.
Gold vs USD Dynamics: The US dollar was the worst-performing major currency in 2025, and unless US political stability improves, gold is likely to remain a strong hedge against uncertainty.
Wall Street analysts forecast GOLD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOLD is 24.76 USD with a low forecast of 21.76 USD and a high forecast of 31.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
Wall Street analysts forecast GOLD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOLD is 24.76 USD with a low forecast of 21.76 USD and a high forecast of 31.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 40.090
Low
21.76
Averages
24.76
High
31.20
Current: 40.090
Low
21.76
Averages
24.76
High
31.20
Stifel
Ralph Profiti
Buy
maintain
$46 -> $65
Al Analysis
2025-10-20
Reason
Stifel
Ralph Profiti
Price Target
$46 -> $65
Al Analysis
2025-10-20
maintain
Buy
Reason
Stifel analyst Ralph Profiti raised the firm's price target on Barrick Gold to C$65 from C$46 and keeps a Buy rating on the shares.
National Bank
Sector Perform
downgrade
$37 -> $36
2025-07-16
Reason
National Bank
Price Target
$37 -> $36
2025-07-16
downgrade
Sector Perform
Reason
National Bank lowered the firm's price target on Barrick Gold to C$36 from C$37 and keeps a Sector Perform rating on the shares.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for GOLD
Unlock Now
National Bank
maintain
$35 -> $37
2025-06-24
Reason
National Bank
Price Target
$35 -> $37
2025-06-24
maintain
Reason
National Bank raised the firm's price target on Barrick Gold to C$37 from C$35 and keeps a Sector Perform rating on the shares.
Scotiabank
Tanya Jakusconek
Hold
Maintains
$20 → $22
2025-04-14
Reason
Scotiabank
Tanya Jakusconek
Price Target
$20 → $22
2025-04-14
Maintains
Hold
Reason
About GOLD
Gold.com, Inc., formerly A-Mark Precious Metals, Inc., provides fully integrated alternative assets platform. It offers a range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients. Its flagship brands include JMBullion.com, Stack’s Bowers Galleries, GovMint.com, and Goldline. Its Direct-to-Consumer segment provides access to a multitude of products through its subsidiaries. Its Wholesale and Trading segment distributes and purchases precious metal products from sovereign and private mints through its subsidiaries. Its Logistics and Storage segment supports its Direct-to-Consumer brands as well as wholesale clients through precious metals receiving, storage, and delivery. It also provides collateralized lending across the bullion and numismatic markets. It unites retail brands with minting, logistics, trading, lending, and auction services for precious metals, rare coins and currency, and other collectibles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
