Barrick Gold Corporation [NYSE: GOLD] loss -2.40% or -0.48 points to close at $19.55 with a heavy trading volume of 28452147 shares. The company report on June 7, 2022 that Sale of Shares of Perpetua Resources Corp.
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Barrick Gold Corporation (“Barrick”) (NYSE:GOLD)(TSX:ABX) announced today that it has disposed of 5,382,587 common shares (“Shares”) of Perpetua Resources Corp. (“Perpetua Resources”) through the facilities of the Nasdaq, Cboe, Direct Edge and NYSE-ARCA (the “Disposition”). The Disposition resulted in gross cash proceeds in the aggregate amount of C$21,729,504 (C$4.04 per common share).
Immediately prior to the Disposition, Barrick had beneficial ownership of, or control and direction over, 5,382,587 Shares, representing approximately 8.5% of the issued and outstanding Shares. Following the Disposition, Barrick does not have beneficial ownership of, or control or direction over, any Shares.
It opened the trading session at $19.88, the shares rose to $19.91 and dropped to $19.32, the range by which the price of stock traded the whole day. The daily chart for GOLD points out that the company has recorded 6.52% gains over the past six months. However, it is still -13.73% lower than its most recent low trading price.
If we look at the average trading volume of 18.67M shares, GOLD reached to a volume of 28452147 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 $28.41 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.
Bernstein have made an estimate for Barrick Gold Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on April 25, 2022. The new note on the price target was released on October 15, 2021, representing the official price target for Barrick Gold Corporation stock.
The Average True Range (ATR) for Barrick Gold Corporation is set at 0.73, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 3.01. The Price to Book ratio for the last quarter was 1.44, with the Price to Cash per share for the same quarter was set at 3.22. Price to Free Cash Flow for GOLD in the course of the last twelve months was 38.87 with Quick ratio for the last quarter at 3.20.
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 -7.04. With this latest performance, GOLD shares dropped by -0.54% in over the last four-week period, additionally plugging by 6.52% over the last 6 months – not to mention a drop of -3.98% 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 39.26, with the RSI for the last a single of trading hit 38.64, and the three-weeks RSI is set at 39.62 for Barrick Gold Corporation [GOLD]. The present Moving Average for the last 50 days of trading for this stock 21.92, while it was recorded at 19.75 for the last single week of trading, and 20.61 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 +35.96 and a Gross Margin at +37.66. Barrick Gold Corporation’s Net Margin is presently recorded at +16.94.
Return on Equity for this stock inclined to 8.47, with Return on Assets sitting at 4.28.
Barrick Gold Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 4.00.
Barrick Gold Corporation [GOLD]: An earnings per share (EPS) analysis
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 -7.20%.
An analysis of insider ownership at Barrick Gold Corporation [GOLD]
There are presently around $20,009 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 80,569,163, which is approximately 49.177% of the company’s market cap and around 0.10% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 76,839,511 shares of the stock with an approximate value of $1.5 billion in GOLD stocks shares; and CAPITAL WORLD INVESTORS, currently with $1.41 billion in GOLD stock with ownership of nearly 12.317% 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 380 institutional holders increased their position in Barrick Gold Corporation [NYSE:GOLD] by around 147,611,184 shares. Additionally, 308 investors decreased positions by around 87,073,357 shares, while 150 investors held positions by with 788,784,244 shares. The mentioned changes placed institutional holdings at 1,023,468,785 shares, according to the latest SEC report filing. GOLD stock had 121 new institutional investments in for a total of 19,069,339 shares, while 94 institutional investors sold positions of 15,142,839 shares during the same period.