Barrick Gold Corp. (NYSE:GOLD) shares, rose in value on Friday, April 05, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $17.57.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.39. The value of beta (5-year monthly) is 0.41 whereas the PE ratio is 24.25 over 12-month period. Referring to stock’s 52-week performance, its high was $20.75, and the low was $13.76. On the whole, GOLD has fluctuated by 11.84% over the past month.
With the market capitalization of Barrick Gold Corp. currently standing at about $30.85 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 2.28%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.19, which is expected to increase to $0.22 for fiscal year $0.94 and then to about $1.15 by fiscal year 2025. Data indicates that the EPS growth is expected to be 11.90% in 2025, while the next year’s EPS growth is forecast to be 22.30%.
Analysts have estimated the company’s revenue for the quarter at $2.82 billion, with a low estimate of $2.72 billion and a high estimate of $2.92 billion. According to the average forecast, sales growth in current quarter could jump up 6.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $12.27 billion, representing an increase of 7.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that GOLD’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 75% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.62, with the price of GOLD currently trading nearly 9.35% and 13.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.70, while the 7-day volatility ratio is showing 2.28% which for the 30-day chart, stands at 2.24%. Furthermore, Barrick Gold Corp. (GOLD)’s beta value is 0.58, and its average true range (ATR) is 0.40.
A comparison of Barrick Gold Corp. (GOLD) with its peers suggests the former has fared considerably weaker in the market. GOLD showed an intraday change of 1.04% in today’s session so far, and over the past year, it shrunk by -10.45%%.
Data on historical trading for Barrick Gold Corp. (NYSE:GOLD) indicates that the trading volumes over the past 10 days have averaged 25.65 million and over the past 3 months, they’ve averaged 21.22 million. According to company’s latest data on outstanding shares, there are 1.76 billion shares outstanding.
Nearly 0.75% of Barrick Gold Corp.’s shares belong to company insiders and institutional investors own 65.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.17 million shares as on Mar 15, 2024, resulting in a short ratio of 0.79. According to the data, the short interest in Barrick Gold Corp. (GOLD) stood at 0.75% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.61 million. The stock has fallen by -2.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOLD stock heading into the next quarter.
