Why Should You Put Barrick Gold Corp (NYSE: GOLD) On Your Portfolio?

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 9.43% and -10.99% over the past three months. GOLD shares are trading 0.72% year to date (YTD), with the 12-month market performance up to 12.19% higher. It has a 12-month low price of $13.76 and touched a high of $21.35 over the same period. GOLD has an average intraday trading volume of 20.71 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 -0.34%, -6.43%, and 2.47% respectively.

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Institutional ownership of Barrick Gold Corp (NYSE: GOLD) shares accounts for 62.41% of the company’s 1.76B shares outstanding.

It has a market capitalization of $44.80B and a beta (3y monthly) value of 0.54. The stock’s trailing 12-month PE ratio is 19.65, while the earnings-per-share (ttm) stands at $0.93. The company has a PEG of 0.60 and a Quick Ratio of 2.06 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 1.89% over the week and 2.41% over the month.

Earnings per share for the fiscal year are expected to increase by 52.30%, and 46.70% over the next financial year.

Looking at the support for the GOLD, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on October 30, 2024, with the firm’s price target at $23-$22. Bernstein on their part issued Mkt Perform rating on January 08, 2024.

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