Barrick Gold Corporation [NYSE: GOLD] loss -2.02% or -0.48 points to close at $23.23 with a heavy trading volume of 10934047 shares. The company report on June 10, 2021 that Barrick Confirms Per Share Distribution Amount for the First $250 Million Return of Capital Tranche.
All amounts expressed in US dollars.
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) confirmed that the per share amount of the first $250 million tranche of a return of capital distribution totalling $750 million to be paid on June 15, 2021 will be $0.1405117, based on the number of issued and outstanding shares as of the May 28, 2021 record date.
It opened the trading session at $23.61, the shares rose to $23.66 and dropped to $23.22, the range by which the price of stock traded the whole day. The daily chart for GOLD points out that the company has recorded 0.01% gains over the past six months. However, it is still -25.36% lower than its most recent low trading price.
If we look at the average trading volume of 16.61M shares, GOLD reached to a volume of 10934047 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 $29.53 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 3.29. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 3.13. Price to Free Cash Flow for GOLD in the course of the last twelve months was 13.58 with Quick ratio for the last quarter at 3.00.
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 -0.98. With this latest performance, GOLD shares dropped by -0.71% in over the last four-week period, additionally plugging by 0.01% over the last 6 months – not to mention a drop of -3.90% 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 47.43, with the RSI for the last a single of trading hit 42.61, and the three-weeks RSI is set at 49.80 for Barrick Gold Corporation [GOLD]. The present Moving Average for the last 50 days of trading for this stock 22.86, while it was recorded at 23.30 for the last single week of trading, and 24.02 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 12.78, given the latest momentum, and Return on Invested Capital for the company is 8.81. Return on Equity for this stock inclined to 10.84, with Return on Assets sitting at 5.34. 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 18.27 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 3.00 and a Current Ratio set at 3.80.
Barrick Gold Corporation [GOLD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Barrick Gold Corporation posted 0.23/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.80%. 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 -6.20%.
An analysis of insider ownership at Barrick Gold Corporation [GOLD]
There are presently around $22,661 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 88,560,757, which is approximately 5.039% of the company’s market cap and around 0.10% of the total institutional ownership; FLOSSBACH VON STORCH AG, holding 56,602,627 shares of the stock with an approximate value of $1.31 billion in GOLD stocks shares; and FMR LLC, currently with $1.25 billion in GOLD stock with ownership of nearly -21.811% of the company’s market capitalization.
Positions in Barrick Gold Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 360 institutional holders increased their position in Barrick Gold Corporation [NYSE:GOLD] by around 77,818,324 shares. Additionally, 321 investors decreased positions by around 109,080,738 shares, while 110 investors held positions by with 788,623,112 shares. The mentioned changes placed institutional holdings at 975,522,174 shares, according to the latest SEC report filing. GOLD stock had 89 new institutional investments in for a total of 8,230,469 shares, while 107 institutional investors sold positions of 22,342,637 shares during the same period.