- Barrick Gold's Loulo-Gounkoto mine operations face prolonged halts amid tax disputes.
- Analysts anticipate a 27.74% increase in Barrick Gold's (GOLD, Financial) stock price over the next year.
- Barrick Gold maintains an "Outperform" rating with potential growth in its GF Value.
In the latest developments, subcontractors at Barrick Gold's (GOLD) Mali complex have begun reducing their workforce due to an unresolved two-year conflict with the government. The ongoing dispute, characterized by allegations of unpaid taxes, led to the cessation of operations at the Loulo-Gounkoto mine since January. Although a tentative agreement was reached in February, it still awaits official governmental sanction.
Wall Street Analysts' Projections
Wall Street analysts offer a cautiously optimistic outlook on Barrick Gold Corp (GOLD, Financial). According to the consensus among 14 analysts, the average one-year price target stands at $24.33, with estimates ranging from a high of $31.50 to a low of $21.00. This average forecast implies a potential upside of 27.74% from the current share price of $19.05. For further information on analysts' estimates, please view the Barrick Gold Corp (GOLD) Forecast page.
The average brokerage recommendation for Barrick Gold Corp (GOLD, Financial), derived from 16 brokerage firms, remains at 2.1, supporting an "Outperform" status. This rating falls on a scale where 1 denotes a Strong Buy and 5 indicates a Sell.
Furthermore, using GuruFocus metrics, the GF Value for Barrick Gold Corp (GOLD, Financial) is projected at $22.36 in one year, suggesting a potential upside of 17.38% from the current market price of $19.05. The GF Value reflects GuruFocus's estimation of the stock's fair trading value, based on its historical trading multiples, previous business growth, and future business performance forecasts. Detailed data is accessible on the Barrick Gold Corp (GOLD) Summary page.
