With over 21.06 million Barrick Gold Corp. (GOLD) shares trading Friday and a closing price of $18.16 on the day, the dollar volume was approximately $382.38 million. The shares have shown a positive half year performance of 9.60% and its price on 12/22/23 gained nearly 1.06%. Currently, there are 1.76B common shares owned by the public and among those 1.74B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 23 analysts who have offered their price forecasts for GOLD have a consensus price objective of $29.21. The analysts have set the share’s price value over the next 12 months at a high of $37.44 and a low of $21.10. The average price target is 14.74% above its recent price level and an upside to the estimated low will see the stock gain 13.93% over that period. But an upside of 51.5% will see the stock hit the forecast high price target while median target price for the stock is $30.00.
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Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 658,661 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 3,335,115 shares.
The top 3 mutual fund holders in Barrick Gold Corp. are VanEck Gold Miners ETF, American Funds Income Fund of Ame, and Vanguard Total International Stoc. VanEck Gold Miners ETF owns 65.97 million shares of the company’s stock, all valued at over $1.16 billion. Vanguard Total International Stoc bought 0.19 million shares to bring its total holdings to over 23.8 million shares at a value of $418.61 million. Vanguard Total International Stoc now owns shares totaling to 1.36% of the shares outstanding.
Shares of Barrick Gold Corp. (NYSE: GOLD) opened at $18.30, up $0.33 from a prior closing price of $17.97. However, the script later moved the day high at 18.55, up 1.06%. The company’s stock has a 5-day price change of 3.71% and 16.78% over the past three months. GOLD shares are trading 5.70% year to date (YTD), with the 12-month market performance up to 3.77% higher. It has a 12-month low price of $13.82 and touched a high of $20.75 over the same period. GOLD has an average intraday trading volume of 17.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.84%, 9.85%, and 6.57% respectively.
Institutional ownership of Barrick Gold Corp. (NYSE: GOLD) shares accounts for 65.02% of the company’s 1.76B shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $31.89B and a beta (3y monthly) value of 0.56. The stock’s trailing 12-month PE ratio is 534.12, while the earnings-per-share (ttm) stands at $0.03. The company has a PEG of 79.72 and a Quick Ratio of 2.28 with the debt-to-equity ratio at 0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.08% over the week and 2.34% over the month.
Analysts forecast that Barrick Gold Corp. (GOLD) will achieve an EPS of $0.25 for the current quarter, $0.25 for the next quarter and $1.08 for 2024. The lowest estimate earnings-per-share for the quarter is $0.19 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.13 a year ago. Earnings per share for the fiscal year are expected to increase by 9.38%, and 34.61% over the next financial year. EPS should grow at an annualized rate of 6.70% over the next five years, compared to -27.65% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 23 brokerage firm advisors rate Barrick Gold Corp. (GOLD) as a “Strong Buy” at a consensus score of 1.78. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 6 of the 23 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GOLD, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Neutral rating for the stock in a research note on February 13, 2023, with the firm’s price target at $19.
