Barrick Gold Corp. (NYSE:GOLD) traded at $17.09 at close of the session on Friday, April 26, made an upward move of 0.06% on its previous day’s price.
Looking at the stock we see that its previous close was $17.08 . The company has a trailing 12-month PE ratio of 23.59. In terms of its 52-week price range, GOLD has a high of $20.75 and a low of $13.76. The company’s stock has gained about 5.43% over that past 30 days.
Barrick Gold Corp. has a market cap of $30.00 billion. With its Forward Dividend at 0.40 and a yield of 2.34%, the company’s investors could be anxious for the GOLD stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.15, with the EPS growth for the year raised at $0.98 for 2024 and $1.3 for next year. These figures represent 16.70% and 32.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.75 billion, with a low of $2.7 billion and a high of $2.77 billion. The median projection represents growth squeezing down to 3.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $12.54 billion, or 10.00% up from figures reported last year.
On the other hand, looking at the outlook for the GOLD stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the GOLD stock currently stands at 3.52, and the current price level is -0.70% off its SMA20 and 6.58% from its 50-day simple moving average. The RSI (14) is pointing at 54.18 while the volatility over the past week is 2.85% and jumps to 3.03% over the past one month. The beta value is 0.59, while the average true range (ATR) is currently pointing at 0.55.
Coming back to Barrick Gold Corp. (NYSE:GOLD), we note that the average 3-month trading volume was 24.35 million. Current shares outstanding are 1.76 billion.
The insiders hold 0.75% of the company’s shares while institutions hold 65.53%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -5.53% down in year-to-date price movement.
