Barrick Gold Corp. [GOLD] Stock trading around $15.22 per share: What’s Next?

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Barrick Gold Corp. [NYSE: GOLD] traded at a low on 11/10/23, posting a -0.52 loss after which it closed the day’ session at $15.22. The company report on November 6, 2023 at 9:15 AM that Barrick Announces Investment in Hercules Silver.

Barrick currently owns 5,291,500 common shares of Hercules, representing approximately 2.73% of Hercules’ issued and outstanding common shares on a non-diluted basis. Following the Private Placement, Barrick will hold 26,556,870 common shares of Hercules and 6,804,918 warrants, representing approximately 12.33% of Hercules’ issued and outstanding common shares on a non-diluted basis, and 15.02% on a partially-diluted basis. Closing of the Private Placement will occur on or before November 8, 2023 or such other date as may be agreed by the Barrick and Hercules, subject in each case to customary closing conditions, including receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

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The results of the trading session contributed to over 12087450 shares changing hands. Over the past one week, the price volatility of Barrick Gold Corp. stands at 2.79% while the volatility over the past one month is 2.59%.

The market cap for GOLD stock reached $26.72 billion, with 1.76 billion shares outstanding and 1.74 billion shares in the current float. Compared to the average trading volume of 15.89M shares, GOLD reached a trading volume of 12087450 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOLD shares is $21.19 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 1.87. 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.

Exane BNP Paribas have made an estimate for Barrick Gold Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 13, 2023.

The Average True Range (ATR) for Barrick Gold Corp. is set at 0.42, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 2.41. 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 2.43. Price to Free Cash Flow for GOLD in the course of the last twelve months was 41.46 with Quick ratio for the last quarter at 2.28.

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How has GOLD stock performed recently?

Barrick Gold Corp. [GOLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.65. With this latest performance, GOLD shares gained by 0.53% in over the last four-week period, additionally sinking by -20.65% over the last 6 months – not to mention a drop of -0.53% 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 39.16, with the RSI for the last a single of trading hit 33.41, and the three-weeks RSI is set at 42.13 for Barrick Gold Corp. [GOLD]. The present Moving Average for the last 50 days of trading for this stock 15.74, while it was recorded at 15.55 for the last single week of trading, and 17.12 for the last 200 days.

Barrick Gold Corp. [GOLD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Barrick Gold Corp. [GOLD] shares currently have an operating margin of +27.55 and a Gross Margin at +28.23. Barrick Gold Corp.’s Net Margin is presently recorded at +3.91.

Return on Total Capital for GOLD is now 8.24, given the latest momentum, and Return on Invested Capital for the company is 1.52. Return on Equity for this stock inclined to 1.84, with Return on Assets sitting at 0.93. When it comes to the capital structure of this company, Barrick Gold Corp. [GOLD] has a Total Debt to Total Equity ratio set at 21.00. Additionally, GOLD Total Debt to Total Capital is recorded at 17.36, with Total Debt to Total Assets ending up at 10.40. Long-Term Debt to Equity for the company is recorded at 20.94, with the Long-Term Debt to Total Capital now at 17.31.

Reflecting on the efficiency of the workforce at the company, Barrick Gold Corp. [GOLD] managed to generate an average of $24,452 per employee. Receivables Turnover for the company is 11.91 with a Total Asset Turnover recorded at a value of 0.24.Barrick Gold Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.28 and a Current Ratio set at 3.07.

Earnings analysis for Barrick Gold Corp. [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 Corp. go to 6.70%.

Insider trade positions for Barrick Gold Corp. [GOLD]

The top three institutional holders of GOLD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in GOLD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in GOLD stock with ownership which is approximately 5.7994%.

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