GOLD Similar Chart Price Prediction
The price of GOLD is predicted to go up -4.89%, based on the high correlation periods with HFWA. The similarity of these two price pattern on the periods is 98.64%.
GOLD
HFWA
Down: -4.89%Similarity: 98.64%
GOLD Revenue Forecast
GOLD EPS Forecast
GOLD FAQs
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GOLD VS S&P500
Barrick's portfolio of mines helps diversify mine-specific and geopolitical risk that all gold miners face.
Barrick has around two decades of gold reserves at year-end 2023 and also the opportunity to materially increase copper production in coming years.
Gold companies tend not to follow general economic cycles. They can also provide a hedge to inflation risk.
GOLD Analyst's Forecast
Tanya Jakusconek
Scotiabank
Buy → Hold
2025-01-21
Price Target
$23 → $19
Upside
+18.9%
Scotiabank downgraded Barrick Gold to Sector Perform from Outperform with a price target of $19, down from $23. Heading into reporting season for the gold and precious minerals group, the firm prefers to be positioned in the streamers versus the operators given the consensus cost outlook. For Barrick in particular, the firm adjusted its forecasts for the suspension of the Mali asset, driving its lowered price target and rating.
Brian MacArthur
Raymond James
Buy
2024-11-25
Price Target
$26 → $25
Upside
+41.4%
Tanya Jakusconek
Scotiabank
Buy
2024-11-25
Price Target
$24 → $23
Upside
+30.98%
