Saturday, April 10, 2021

Barrick Gold Corporation [GOLD] Stock trading around $20.16 per share: What’s Next?

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Barrick Gold Corporation [NYSE: GOLD] gained 0.80% on the last trading session, reaching $20.16 price per share at the time. The company report on March 26, 2021 that Donlin Gold Announces Assay Results From Remaining 30 Percent of the 2020 Drill Program, Consistent With Previously Reported Results of Higher Than Predicted Grade-Thickness.

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Donlin Gold LLC (“Donlin Gold”), owned 50/50 by Barrick Gold Corporation (“Barrick”) (TSX: ABX) (NYSE: GOLD) and NOVAGOLD RESOURCES INC. (“NOVAGOLD”) (TSX, NYSE American: NG), is pleased to share the last set of assay results from the successful 2020 85-hole, 23,361-meter drill program.

Barrick Gold Corporation represents 1.78 billion in outstanding shares, while the company has a total market value of $35.33 billion with the latest information. GOLD stock price has been found in the range of $19.56 to $20.20.

If compared to the average trading volume of 20.16M shares, GOLD reached a trading volume of 17291961 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 $31.31 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.

JP Morgan have made an estimate for Barrick Gold Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 10, 2021. The new note on the price target was released on January 11, 2021, representing the official price target for Barrick Gold Corporation stock. Previously, the target price had yet another raise from $27 to $28, while Barclays kept a Overweight rating on GOLD stock.

The Average True Range (ATR) for Barrick Gold Corporation is set at 0.59, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 2.81. The Price to Book ratio for the last quarter was 1.54, with the Price to Cash per share for the same quarter was set at 2.96. Price to Free Cash Flow for GOLD in the course of the last twelve months was 12.55 with Quick ratio for the last quarter at 2.80.

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 -2.23. With this latest performance, GOLD shares gained by 7.98% in over the last four-week period, additionally sinking by -27.22% over the last 6 months – not to mention a rise of 4.78% 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 45.55, with the RSI for the last a single of trading hit 46.52, and the three-weeks RSI is set at 44.37 for Barrick Gold Corporation [GOLD]. The present Moving Average for the last 50 days of trading for this stock 21.18, while it was recorded at 20.06 for the last single week of trading, and 25.24 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 +35.31 and a Gross Margin at +37.36. Barrick Gold Corporation’s Net Margin is presently recorded at +18.56.

Return on Total Capital for GOLD is now 12.24, given the latest momentum, and Return on Invested Capital for the company is 8.44. Return on Equity for this stock inclined to 10.38, with Return on Assets sitting at 5.11. When it comes to the capital structure of this company, Barrick Gold Corporation [GOLD] has a Total Debt to Total Equity ratio set at 22.09. Additionally, GOLD Total Debt to Total Capital is recorded at 18.09, with Total Debt to Total Assets ending up at 11.08. Long-Term Debt to Equity for the company is recorded at 22.00, with the Long-Term Debt to Total Capital now at 18.02.

Receivables Turnover for the company is 17.50 with a Total Asset Turnover recorded at a value of 0.28.Barrick Gold Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 3.70.

Barrick Gold Corporation [GOLD]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Barrick Gold Corporation posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. 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 24.20%.

An analysis of insider ownership at Barrick Gold Corporation [GOLD]

There are presently around $20,326 million, or 72.10% of GOLD stock, in the hands of institutional investors. The top three institutional holders of GOLD stocks are: VAN ECK ASSOCIATES CORP with ownership of 84,311,925, which is approximately 5.792% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 68,784,993 shares of the stock with an approximate value of $1.39 billion in GOLD stocks shares; and FLOSSBACH VON STORCH AG, currently with $1.08 billion in GOLD stock with ownership of nearly 14.536% of the company’s market capitalization.

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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 376 institutional holders increased their position in Barrick Gold Corporation [NYSE:GOLD] by around 77,950,193 shares. Additionally, 322 investors decreased positions by around 155,862,878 shares, while 99 investors held positions by with 774,416,228 shares. The mentioned changes placed institutional holdings at 1,008,229,299 shares, according to the latest SEC report filing. GOLD stock had 146 new institutional investments in for a total of 14,104,706 shares, while 90 institutional investors sold positions of 36,980,738 shares during the same period.

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