Barrick Gold Corp. (GOLD) Testing Investors’ Patience Right Now

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

The company’s stock has a 5-day price change of -1.52% and -12.66% over the past three months. GOLD shares are trading -14.21% year to date (YTD), with the 12-month market performance down to -13.78% lower. It has a 12-month low price of $13.76 and touched a high of $20.75 over the same period. GOLD has an average intraday trading volume of 19.82 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 0.92%, 0.84%, and -4.25% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of Barrick Gold Corp. (NYSE: GOLD) shares accounts for 65.38% of the company’s 1.76B shares outstanding.

It has a market capitalization of $27.25B and a beta (3y monthly) value of 0.57. The stock’s trailing 12-month PE ratio is 21.42, while the earnings-per-share (ttm) stands at $0.72. The company has a PEG of 3.20 and a Quick Ratio of 2.40 with the debt-to-equity ratio at 0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.57% over the week and 2.09% over the month.

Analysts forecast that Barrick Gold Corp. (GOLD) will achieve an EPS of $0.19 for the current quarter, $0.2 for the next quarter and $1.09 for 2025. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.22. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to increase by 11.50%, and 19.18% over the next financial year.

Looking at the support for the GOLD, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on February 29, 2024, with the firm’s price target at $15-$21. Bernstein was of a view on January 08, 2024 that the stock is Mkt Perform, while Exane BNP Paribas gave the stock Neutral rating on February 13, 2023, issuing a price target of $19. Goldman on their part issued Neutral rating on September 12, 2022.

Most Popular

Related Posts