Barrick Gold Corp [NYSE: GOLD] loss -0.46% or -0.08 points to close at $17.49 with a heavy trading volume of 10448685 shares.
The daily chart for GOLD points out that the company has recorded 2.34% gains over the past six months.
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If we look at the average trading volume of 21.09M shares, GOLD reached to a volume of 10448685 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $23.44 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.
CIBC have made an estimate for Barrick Gold Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 25, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $23 to $22. The new note on the price target was released on October 30, 2024, representing the official price target for Barrick Gold Corp stock. On February 29, 2024, analysts increased their price target for GOLD shares from 15 to 21.
The Average True Range (ATR) for Barrick Gold Corp is set at 0.49, with the Price to Sales ratio for GOLD stock in the period of the last 12 months amounting to 2.49. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 2.42. Price to Free Cash Flow for GOLD in the course of the last twelve months was 25.95 with Quick ratio for the last quarter at 2.06.
Trading performance analysis for GOLD stock
Barrick Gold Corp [GOLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.48. With this latest performance, GOLD shares dropped by -12.77% in over the last four-week period, additionally plugging by 2.34% over the last 6 months – not to mention a rise of 0.58% 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 39.05, with the RSI for the last a single of trading hit 39.47, and the three-weeks RSI is set at 40.04 for Barrick Gold Corp [GOLD]. The present Moving Average for the last 50 days of trading for this stock 19.25, while it was recorded at 17.70 for the last single week of trading, and 17.84 for the last 200 days.
Barrick Gold Corp [GOLD]: A deeper dive into fundamental analysis
Barrick Gold Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.06 and a Current Ratio set at 2.65.
Barrick Gold Corp [GOLD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Barrick Gold Corp posted 0.27/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. 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 28.68%.
An analysis of Institutional ownership at Barrick Gold Corp [GOLD]
There are presently around $61.88%, or 62.25%% 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%.
