Barrick Gold Corp (ABX.TO) is seeing a significant increase in its stock value, which shows strong investor confidence.
Today, Barrick Gold's stock rose by 3.45%, closing at CA$58.82. This uptick comes as the company gears up to release its third-quarter results on November 9, 2026, and follows positive news about its North Mara mine in Tanzania.
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Barrick Gold Corp
ABX.TO
ABX.TO
Barrick Gold Corp
WealthAwesomeMarket cap
$93.58B
P/E
10.6x
Div. yield
1.16%
Div. / share
$0.65
52W high
$72.80
52W low
$41.75
1W change
-0.21%
Beta
1.14
Analyst Price Targets
Based on analyst covering ABX · as of Oct 9, 2026
Wall Street analysts forecast ABX stock price to rise 17.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$66.85
+17.6% Upside
Previously C$67.03 on Oct 8, 2026
Current Price
C$56.86
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ABX's historical volatility
30-Day Vol
33.7%
Annualized
90-Day Vol
45.3%
Annualized
Trend (90d)
+45.2%
Annualized drift
90d Mean
C$66.81
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$60.00 | C$53.42 – C$67.40 |
| 60 trading days | C$63.31 | C$53.72 – C$74.63 |
| 90 trading days | C$66.81 | C$54.63 – C$81.71 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors are reacting favorably to Barrick's strategic decisions and solid operational performance, indicating potential for ongoing growth.
Barrick's Market Cap Reaches CA$93.6 Billion
With a market cap of CA$93.6 billion, Barrick is a major player in the mining sector, highlighting its important role in the global gold market.
Bull case
The renewal of the North Mara mining licenses for another 15 years strengthens Barrick's long-term stability and commitment to the community. This could lead to sustained profitability as the company continues to invest in both the mine and the local area.
Bear case
Despite today's stock rise, fluctuations in gold prices or operational challenges could affect Barrick's future performance.
Positive Developments Fueling Growth
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Barrick's stock is climbing today mainly due to the recent renewal of the Special Mining Licenses for its North Mara Gold Mine in Tanzania. This renewal allows Barrick to keep investing in the mine and surrounding communities, which have benefited from significant local employment and economic growth since 2019. The company has contributed about $5.3 billion to Tanzania's economy, reinforcing its commitment to responsible mining practices.
Upcoming Earnings Report
Investors are also looking forward to Barrick's third-quarter results, which will be released on November 9, 2026. The management team will share insights into the company's performance and future outlook during a live webcast. This report is expected to further shape investor sentiment and stock performance.
Market Position and Financial Health
With a P/E ratio of 10.628 and a dividend yield of 1.16%, Barrick Gold Corp shows strong financial health and is appealing to investors. The company's focus on growth and community partnerships positions it well in the competitive mining industry.
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