In This Article:
We recently compiled a list of the 13 Best Gold Dividend Stocks To Buy According To Analysts. In this article, we are going to take a look at where Barrick Gold Corporation (NYSE:GOLD) stands against the other gold dividend stocks.
Gold had a standout year in 2024, arguably its best run in over a decade. The surge was mainly driven by big investors and central banks buying up gold, even as everyday consumer demand slows down. Investors in Asia have been steadily adding to their gold holdings, and in the West, falling interest rates and a weaker US dollar have also made gold more attractive. But the real reason behind its strong performance? Rising market uncertainty and geopolitical tensions have made gold a go-to safe haven.
Adrian Ash, research director at BullionVault, joined CNBC on January 6, 2025 and discussed gold’s importance as a safe-haven asset during uncertain times:
“Investors are optimistic about gold and silver for 2025 because they are so pessimistic on geopolitics and government debt,”
JPMorgan analysts believe gold prices could rise further, especially if American policies become more unpredictable with higher tariffs, trade disputes, and economic instability. Both BullionVault and JPMorgan expect gold to hit $3,000 per ounce in 2025. Silver may also see gains due to robust demand in solar panels, electronics, and AI technology, though its growth depends on global industrial demand. Meanwhile, copper prices may cool after recent highs, and iron ore could face declines due to oversupply linked to Chinese policies and geopolitics.
On February 18, 2025, Goldman Sachs raised its gold price prediction for the end of 2025 to $3,100 per ounce, up from $2,890, mainly because central banks are consistently buying more gold. They believe this strong demand, combined with more investment in gold ETFs as interest rates decline, will push prices higher. If global trade tensions continue, gold could soar even higher, possibly reaching $3,300 per ounce as investors seek safety. However, if the Federal Reserve keeps interest rates steady instead of slashing them, gold might settle at around $3,060 per ounce. Despite this, Goldman is sticking with its “Go for Gold” strategy, saying gold is still a smart investment to protect against risks like economic slowdowns, trade disputes, and rising US debt concerns.
Our Methodology
For this article, we used the Finviz stock screener to filter out dividend paying gold stocks. We then checked the price target. Next, we manually searched for the average upside potential of each stock and selected 13 stocks with the highest values. The list below is ranked in ascending order of the upside potential as of February 25. We have also mentioned the hedge fund sentiment as of Q4 2024.