Barrick Gold Corp. [GOLD] is -18.52% lower this YTD. Is it still time to buy?

Barrick Gold Corp. [NYSE: GOLD] traded at a high on Friday, posting a 2.43 gain after which it closed the day’ session at $14.74. The company report on February 23, 2024 at 7:00 AM that Tanzanian Parliamentary Committee Lauds Barrick’s Work at North Mara.

Members of Parliament recently visited the mine along with the Deputy Minister of Minerals, Ministry officials, the Regional Commissioner, District Commissioner, ward councilors and village leaders. The delegation was shown the mine’s water treatment plant, tailings storage facility, the Nyabigena and Gokona open pits and a number of Barrick’s community development projects such as Matongo’s agribusiness initiative and secondary school.

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The results of the trading session contributed to over 20977402 shares changing hands. Over the past one week, the price volatility of Barrick Gold Corp. stands at 2.11% while the volatility over the past one month is 2.20%.

The market cap for GOLD stock reached $25.88 billion, with 1.76 billion shares outstanding and 1.74 billion shares in the current float. Compared to the average trading volume of 18.55M shares, GOLD reached a trading volume of 20977402 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 Corp. [GOLD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOLD shares is $20.16 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 new note on the price target was released on February 13, 2023, representing the official price target for Barrick Gold Corp. stock. Previously, the target price had yet another raise to $18, while Goldman analysts kept a Neutral rating on GOLD stock.

The Average True Range (ATR) for Barrick Gold Corp. is set at 0.41, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 2.27. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 2.36. Price to Free Cash Flow for GOLD in the course of the last twelve months was 28.42 with Quick ratio for the last quarter at 2.40.

How has GOLD stock performed recently?

Barrick Gold Corp. [GOLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.96. With this latest performance, GOLD shares dropped by -5.09% in over the last four-week period, additionally sinking by -8.50% over the last 6 months – not to mention a drop of -9.07% 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 41.93, with the RSI for the last a single of trading hit 45.78, and the three-weeks RSI is set at 41.23 for Barrick Gold Corp. [GOLD]. The present Moving Average for the last 50 days of trading for this stock 16.27, while it was recorded at 14.65 for the last single week of trading, and 16.46 for the last 200 days.

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

Barrick Gold Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 3.16.

Earnings analysis for Barrick Gold Corp. [GOLD]

With the latest financial reports released by the company, Barrick Gold Corp. posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.30%. 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%.

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 8.2815%. 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%.