Is Barrick Gold Corp. (NYSE: GOLD) Back In The Buying Zone?

Currently, there are 1.76B common shares owned by the public and among those 1.74B shares have been available to trade.

Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 654,634 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 335,115 shares.

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The company’s stock has a 5-day price change of -4.80% and -3.30% over the past three months. GOLD shares are trading -18.91% year to date (YTD), with the 12-month market performance down to -20.01% lower. 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 0.99 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.53%, -12.78%, and -12.21% respectively.

Institutional ownership of Barrick Gold Corp. (NYSE: GOLD) shares accounts for 65.79% of the company’s 1.76B shares outstanding.

It has a market capitalization of $25.75B and a beta (3y monthly) value of 0.58. The stock’s trailing 12-month PE ratio is 431.47, while the earnings-per-share (ttm) stands at $0.03. The company has a PEG of 64.40 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 1.44% over the week and 2.46% over the month.

Analysts forecast that Barrick Gold Corp. (GOLD) will achieve an EPS of $Micro Gold Futures,Apr-2024 for the current quarter, $2,034.90 for the next quarter and $Future for Type. The lowest estimate earnings-per-share for the quarter is $Shanghai Gold (USD) Futures,Apr while analysts give the company a high EPS estimate of $E-mini Gold Futures,Apr-2024. Comparatively, EPS for the current quarter was $Gold TAS Futures,Apr-2024 a year ago. Earnings per share for the fiscal year are expected to increase by 4.76%, and 35.69% 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.

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