Barrick Gold Corporation [NYSE: GOLD] gained 0.04% or 0.01 points to close at $22.37 with a heavy trading volume of 25349813 shares. The company report on January 28, 2021 that Tanzanian Assets Deliver on Production Guidance as Barrick Continues to Unlock Value.
All amounts expressed in US dollars.
The North Mara and Bulyanhulu gold mines both produced near the top end of their production guidance in 2020, their first full year under Barrick’s management. Including Buzwagi, the Tanzanian assets delivered a combined output of 462,472 ounces for the year1.
It opened the trading session at $22.90, the shares rose to $23.08 and dropped to $22.25, the range by which the price of stock traded the whole day. The daily chart for GOLD points out that the company has recorded -20.81% loss over the past six months. However, it is still -76.84% lower than its most recent low trading price.
If we look at the average trading volume of 20.08M shares, GOLD reached to a volume of 25349813 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Barrick Gold Corporation [GOLD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOLD shares is $32.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOLD stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
National Bank Financial have made an estimate for Barrick Gold Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 11, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $27 to $28. The new note on the price target was released on January 06, 2021, representing the official price target for Barrick Gold Corporation stock.
The Average True Range (ATR) for Barrick Gold Corporation is set at 0.66, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 3.25. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 2.67. Price to Free Cash Flow for GOLD in the course of the last twelve months was 17.83 with Quick ratio for the last quarter at 3.30.
Trading performance analysis for GOLD stock
Barrick Gold Corporation [GOLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.69. With this latest performance, GOLD shares dropped by -2.36% in over the last four-week period, additionally sinking by -20.81% over the last 6 months – not to mention a rise of 21.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GOLD stock in for the last two-week period is set at 39.23, with the RSI for the last a single of trading hit 35.54, and the three-weeks RSI is set at 40.95 for Barrick Gold Corporation [GOLD]. The present Moving Average for the last 50 days of trading for this stock 23.42, while it was recorded at 22.69 for the last single week of trading, and 26.25 for the last 200 days.
Barrick Gold Corporation [GOLD]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Barrick Gold Corporation [GOLD] shares currently have an operating margin of +22.35 and a Gross Margin at +24.36. Barrick Gold Corporation’s Net Margin is presently recorded at +40.94.
Return on Total Capital for GOLD is now 8.58, given the latest momentum, and Return on Invested Capital for the company is 19.90. Return on Equity for this stock inclined to 27.35, with Return on Assets sitting at 11.84. When it comes to the capital structure of this company, Barrick Gold Corporation [GOLD] has a Total Debt to Total Equity ratio set at 25.83. Additionally, GOLD Total Debt to Total Capital is recorded at 20.53, with Total Debt to Total Assets ending up at 12.47. Long-Term Debt to Equity for the company is recorded at 24.08, with the Long-Term Debt to Total Capital now at 19.14.
Receivables Turnover for the company is 17.71 with a Total Asset Turnover recorded at a value of 0.29.Barrick Gold Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 4.50.
Barrick Gold Corporation [GOLD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Barrick Gold Corporation posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GOLD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Barrick Gold Corporation go to 40.10%.
An analysis of insider ownership at Barrick Gold Corporation [GOLD]
There are presently around $24,317 million, or 72.10% of GOLD stock, in the hands of institutional investors. The top three institutional holders of GOLD stocks are: FMR LLC with ownership of 85,674,903, which is approximately -5.763% of the company’s market cap and around 0.10% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 79,695,659 shares of the stock with an approximate value of $1.78 billion in GOLD stocks shares; and FIL LTD, currently with $1.33 billion in GOLD stock with ownership of nearly -0.064% of the company’s market capitalization.
Positions in Barrick Gold Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 344 institutional holders increased their position in Barrick Gold Corporation [NYSE:GOLD] by around 74,436,840 shares. Additionally, 293 investors decreased positions by around 107,797,991 shares, while 91 investors held positions by with 904,797,121 shares. The mentioned changes placed institutional holdings at 1,087,031,952 shares, according to the latest SEC report filing. GOLD stock had 104 new institutional investments in for a total of 23,568,577 shares, while 68 institutional investors sold positions of 5,250,608 shares during the same period.