Barrick Gold Corporation [GOLD] is -15.26% lower this YTD. Is it still time to buy?

Barrick Gold Corporation [NYSE: GOLD] gained 1.99% on the last trading session, reaching $15.92 price per share at the time. The company report on September 1, 2022 that Nevada Gold Mines Agrees to Sell Royalty Portfolio to Gold Royalty Corp. for Total Consideration of $27.5 Million.

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All amounts expressed in US dollars.

Nevada Gold Mines’ (“NGM” or the “Company”) today announced that it has entered into a definitive agreement to sell a portfolio of royalties (the “Portfolio”) to Gold Royalty Corp. (“Gold Royalty”) for $27.5 million.

Barrick Gold Corporation represents 1.78 billion in outstanding shares, while the company has a total market value of $27.55 billion with the latest information. GOLD stock price has been found in the range of $15.715 to $15.97.

If compared to the average trading volume of 21.91M shares, GOLD reached a trading volume of 20716857 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]:

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 0.49, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 2.33. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 3.34. Price to Free Cash Flow for GOLD in the course of the last twelve months was 30.18 with Quick ratio for the last quarter at 3.20.

Trading performance analysis for GOLD stock

Barrick Gold Corporation [GOLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.12. With this latest performance, GOLD shares dropped by -3.06% in over the last four-week period, additionally sinking by -34.26% over the last 6 months – not to mention a drop of -17.63% 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 52.91, with the RSI for the last a single of trading hit 58.18, and the three-weeks RSI is set at 48.03 for Barrick Gold Corporation [GOLD]. The present Moving Average for the last 50 days of trading for this stock 16.02, while it was recorded at 15.32 for the last single week of trading, and 19.81 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 $16,393 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 74,566,582, which is approximately -2.958% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 70,213,232 shares of the stock with an approximate value of $1.12 billion in GOLD stocks shares; and CAPITAL WORLD INVESTORS, currently with $930.35 million in GOLD stock with ownership of nearly -18.893% 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 365 institutional holders increased their position in Barrick Gold Corporation [NYSE:GOLD] by around 88,185,705 shares. Additionally, 314 investors decreased positions by around 78,405,695 shares, while 147 investors held positions by with 863,089,272 shares. The mentioned changes placed institutional holdings at 1,029,680,672 shares, according to the latest SEC report filing. GOLD stock had 87 new institutional investments in for a total of 11,010,374 shares, while 81 institutional investors sold positions of 9,267,502 shares during the same period.


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