Barrick Gold Corporation [GOLD] stock Initiated by Goldman analyst, price target now $18

Barrick Gold Corporation [NYSE: GOLD] closed the trading session at $14.20 on 11/04/22. The day’s price range saw the stock hit a low of $13.57, while the highest price level was $14.24. The company report on November 3, 2022 that Disciplined Strategy Execution Supports Sustained Value Creation at Barrick.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Third Quarter 2022 ResultsAll amounts expressed in US dollars.

The stocks have a year to date performance of -24.42 percent and weekly performance of -7.25 percent. The stock has been moved at -35.95 percent over the last six months. The stock has performed -12.07 percent around the most recent 30 days and changed -11.77 percent over the most recent 3-months.

If compared to the average trading volume of 22.43M shares, GOLD reached to a volume of 37849870 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $21.28 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.

Goldman have made an estimate for Barrick Gold Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 12, 2022. The new note on the price target was released on April 25, 2022, representing the official price target for Barrick Gold Corporation stock.

The Average True Range (ATR) for Barrick Gold Corporation is set at 0.62, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 2.10. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 3.30. Price to Free Cash Flow for GOLD in the course of the last twelve months was 27.28 with Quick ratio for the last quarter at 3.20.

GOLD stock trade performance evaluation

Barrick Gold Corporation [GOLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.25. With this latest performance, GOLD shares dropped by -12.07% in over the last four-week period, additionally sinking by -35.95% over the last 6 months – not to mention a drop of -22.85% 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 43.63, with the RSI for the last a single of trading hit 42.99, and the three-weeks RSI is set at 44.01 for Barrick Gold Corporation [GOLD]. The present Moving Average for the last 50 days of trading for this stock 15.08, while it was recorded at 14.36 for the last single week of trading, and 19.10 for the last 200 days.

Barrick Gold Corporation [GOLD]: An insightful look at the core 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 per share (EPS) analysis for Barrick Gold Corporation [GOLD] stock

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%.

Barrick Gold Corporation [GOLD]: Insider Ownership positions

There are presently around $14,741 million, or 64.60% 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 75,561,681, which is approximately 1.335% 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 $997.03 million in GOLD stocks shares; and CAPITAL WORLD INVESTORS, currently with $829.83 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 November and at the time of the November reporting period, where 380 institutional holders increased their position in Barrick Gold Corporation [NYSE:GOLD] by around 100,351,528 shares. Additionally, 297 investors decreased positions by around 81,637,683 shares, while 144 investors held positions by with 856,141,809 shares. The mentioned changes placed institutional holdings at 1,038,131,020 shares, according to the latest SEC report filing. GOLD stock had 89 new institutional investments in for a total of 24,140,109 shares, while 74 institutional investors sold positions of 9,151,613 shares during the same period.


Please enter your comment!
Please enter your name here