Barrick Gold Corp [NYSE: GOLD] stock went on a downward path that fall over -1.40% on Friday, amounting to a one-week price decrease of less than -2.86%.
Over the last 12 months, GOLD stock rose by 18.84%. The one-year Barrick Gold Corp stock forecast points to a potential upside of 22.97. The average equity rating for GOLD stock is currently 1.82, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $45.97 billion, with 1.76 billion shares outstanding and 1.74 billion shares in the current float. Compared to the average trading volume of 20.06M shares, GOLD stock reached a trading volume of 17681765 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 $24.73 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 1.82. 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.
UBS have made an estimate for Barrick Gold Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 30, 2024. The new note on the price target was released on August 29, 2024, representing the official price target for Barrick Gold Corp stock. Previously, the target price had yet another raise from $15 to $21, while Jefferies kept a Buy rating on GOLD stock.
The Average True Range (ATR) for Barrick Gold Corp is set at 0.58, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 3.89. The Price to Book ratio for the last quarter was 1.41, with the Price to Cash per share for the same quarter was set at 1.67. Price to Free Cash Flow for GOLD in the course of the last twelve months was 40.63 with Quick ratio for the last quarter at 2.31.
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 -2.86. With this latest performance, GOLD shares dropped by -4.03% in over the last four-week period, additionally plugging by 15.74% over the last 6 months – not to mention a rise of 18.84% 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 38.81, with the RSI for the last a single of trading hit 33.42, and the three-weeks RSI is set at 42.65 for Barrick Gold Corp [GOLD]. The present Moving Average for the last 50 days of trading for this stock 20.12, while it was recorded at 19.74 for the last single week of trading, and 17.61 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 2.31 and a Current Ratio set at 3.01.
GOLD Stock EPS
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 32.86%.
Barrick Gold Corp [GOLD] Institutonal Ownership Details
There are presently around $62.15%, or 62.53%% 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 77.41 million shares, which is approximately 4.4086%. VANGUARD GROUP INC, holding 66.03 million shares of the stock with an approximate value of $$1.1 billion in GOLD stocks shares; and VANGUARD GROUP INC, currently with $$951.33 million in GOLD stock with ownership which is approximately 3.248%.
