
B Stock Forecast & Price Target
B Analyst Ratings
Bulls say
Barrick Gold's positive outlook is reinforced by its substantial production metrics, delivering nearly 3.9 million attributable ounces of gold and approximately 195,000 metric tons of copper in 2024, alongside having about two decades of gold reserves. The company's operational efficiency is expected to improve with the implementation of Goldrush long hole mining methods, which utilize large stopes and forecast lower costs as production volumes increase. Additionally, the strategic development of projects like Fourmile will benefit from low capital intensity by leveraging existing infrastructure, providing further confidence in stable production from key assets for the next decade.
Bears say
Barrick Gold faces significant challenges related to its operations in regions with above-average geopolitical risk, including heightened concerns over employee and community safety. The complexities surrounding the Porgera asset in Papua New Guinea, including ongoing landowner negotiations and the ramp-up of operations following an updated mine license agreement, could further exacerbate operational uncertainties. Additionally, the company is exposed to general risks associated with fluctuations in commodity prices for gold and copper, as well as foreign exchange risks, which may negatively impact its overall financial stability.
This aggregate rating is based on analysts' research of Barrick Gold Corp and is not a guaranteed prediction by Public.com or investment advice.
B Analyst Forecast & Price Prediction
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