Bernstein lifts Barrick Gold Corp. [GOLD] price estimate. Who else is bullish?

Barrick Gold Corp. [NYSE: GOLD] stock went on a downward path that fall over -0.38% on Friday, amounting to a one-week price decrease of less than -0.51%. The company report on January 27, 2024 at 4:00 AM that Barrick Continues to be a Major Value Creator for Mali.

All amounts expressed in US dollars.

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Over the last 12 months, GOLD stock dropped by -21.53%. The one-year Barrick Gold Corp. stock forecast points to a potential upside of 27.09. The average equity rating for GOLD stock is currently 1.83, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $27.26 billion, with 1.76 billion shares outstanding and 1.74 billion shares in the current float. Compared to the average trading volume of 17.15M shares, GOLD stock reached a trading volume of 15829114 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $21.30 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 1.83. 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 Corp. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 08, 2024.

The Average True Range (ATR) for Barrick Gold Corp. is set at 0.48, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 2.46. The Price to Book ratio for the last quarter was 1.18, 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 42.31 with Quick ratio for the last quarter at 2.28.

GOLD Stock Performance Analysis:

Barrick Gold Corp. [GOLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.51. With this latest performance, GOLD shares dropped by -14.53% in over the last four-week period, additionally sinking by -7.45% over the last 6 months – not to mention a drop of -21.53% 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 35.43, with the RSI for the last a single of trading hit 32.06, and the three-weeks RSI is set at 38.92 for Barrick Gold Corp. [GOLD]. The present Moving Average for the last 50 days of trading for this stock 16.93, while it was recorded at 15.65 for the last single week of trading, and 16.89 for the last 200 days.

Insight into Barrick Gold Corp. Fundamentals:

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.

GOLD Stock EPS

With the latest financial reports released by the company, Barrick Gold Corp. posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.30%. 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%.

Barrick Gold Corp. [GOLD] Institutonal Ownership Details

The top three institutional holders of GOLD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in GOLD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in GOLD stock with ownership which is approximately 5.8325%.