Institutional Investors Clash Over Barrick Gold’s Trajectory

Barrick Gold has reported robust quarterly figures and is benefiting from optimistic forecasts for the price of gold. However, a significant divergence is emerging among its largest shareholders, creating uncertainty around the stock’s near-term valuation, particularly given its exceptionally high level of institutional ownership.

A major factor underpinning the investment thesis is the outlook for the underlying commodity. Recent analysis from Goldman Sachs provided a notably bullish projection, anticipating gold could reach as high as $4,900 per troy ounce by December 2026. With Barrick’s production costs remaining relatively fixed, such a surge in the metal’s price would disproportionately expand the company’s profit margins. This macroeconomic backdrop helps explain why buyers Read more...