Barrick Gold Corporation [GOLD] is -16.77% lower this YTD. Is it still time to buy?


Barrick Gold Corporation [NYSE: GOLD] traded at a high on 07/29/22, posting a 0.70 gain after which it closed the day’ session at $15.74. The company report on July 28, 2022 that Donlin Gold Reports Excellent Initial 2022 Drill Program Results.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .


Yielding Encouraging Assays With More High-Grade Gold Intercepts Coupled With Important Grade Continuity.

The results of the trading session contributed to over 17478955 shares changing hands. Over the past one week, the price volatility of Barrick Gold Corporation stands at 3.29% while the volatility over the past one month is 3.56%.

The market cap for GOLD stock reached $27.44 billion, with 1.78 billion shares outstanding and 1.77 billion shares in the current float. Compared to the average trading volume of 20.28M shares, GOLD reached a trading volume of 17478955 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Barrick Gold Corporation [GOLD]?

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 0.59, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 2.31. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 3.38. Price to Free Cash Flow for GOLD in the course of the last twelve months was 29.86 with Quick ratio for the last quarter at 3.20.

How has GOLD stock performed recently?

Barrick Gold Corporation [GOLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.67. With this latest performance, GOLD shares dropped by -14.41% in over the last four-week period, additionally sinking by -15.48% over the last 6 months – not to mention a drop of -26.45% 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 36.13, with the RSI for the last a single of trading hit 41.56, and the three-weeks RSI is set at 34.63 for Barrick Gold Corporation [GOLD]. The present Moving Average for the last 50 days of trading for this stock 18.47, while it was recorded at 15.39 for the last single week of trading, and 20.36 for the last 200 days.

Barrick Gold Corporation [GOLD]: Deeper insight into the fundamentals

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.

Earnings analysis for Barrick Gold Corporation [GOLD]

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 -6.02%.

Insider trade positions for Barrick Gold Corporation [GOLD]

There are presently around $16,053 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 $1.21 billion in GOLD stocks shares; and CAPITAL WORLD INVESTORS, currently with $1.13 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 August and at the time of the August reporting period, where 373 institutional holders increased their position in Barrick Gold Corporation [NYSE:GOLD] by around 149,369,431 shares. Additionally, 310 investors decreased positions by around 83,662,360 shares, while 149 investors held positions by with 786,872,244 shares. The mentioned changes placed institutional holdings at 1,019,904,035 shares, according to the latest SEC report filing. GOLD stock had 117 new institutional investments in for a total of 21,751,486 shares, while 98 institutional investors sold positions of 14,482,660 shares during the same period.