Barrick gold stock forecast continues to find support in the

Barrick Gold stock forecast continues to find support in the broader commodities uptrend, with institutional buying trends reinforcing medium-term price projections above current levels. At stake for both sides is the opportunity to realize revenues worth at least $1 billion this year due to record high gold prices. Mali risks repelling potential investors, while Barrick shares have lagged those of its peers. Adding to that risk is Barrick’s dividend. While the company does offer a quarterly yield, income-seeking investors may be better suited to turning to a higher yield given current interest rates. Barrick Gold’s forward P/E ratio is around 17, with forecast earnings revisions trending upward after robust Q1 2024 results, supporting a medium-term bullish stance.