Barrick Gold Corp. (NYSE:GOLD) price closed lower on Friday, April 12, dropping -1.00% below its previous close.
A look at the daily price movement shows that the last close reads $18.04. The company’s 5Y monthly beta was ticking 0.46 while its P/E ratio in the trailing 12-month period read 24.65. Taking into account the 52-week price action we note that the stock hit a 52-week high of $20.75 and 52-week low of $13.76. The stock added 11.76% on its value in the past month.
Barrick Gold Corp., which has a market valuation of $31.35 billion, is expected to release its quarterly earnings report May 01, 2024. The company stock has a Forward Dividend ratio of 0.40, while the dividend yield is 2.24%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GOLD a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.68. The overview shows that GOLD’s price is at present 7.68% off the SMA20 and 14.05% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 69.41, with weekly volatility standing at 3.62%. The indicator jumps to 2.76% when calculated based on the past 30 days. Barrick Gold Corp. (NYSE:GOLD)’s beta value is holding at 0.58, while the average true range (ATR) indicator is currently reading 0.51. An analysis of the Barrick Gold Corp. (NYSE:GOLD) stock in terms of its daily trading volume indicates that the 3-month average is 22.42 million.
Current records show that the company has 1.76B in outstanding shares. The insiders’ percentage holdings are 0.75% of outstanding shares while the percentage share held by institutions stands at 65.39%. But the -1.27% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
