What’s Barrick Gold Corporation (GOLD)’s Price to Earnings Ratio?

Barrick Gold Corporation (NYSE:GOLD) saw a downside of -0.33% to close Friday at $17.99 after subtracting -$0.06 on the day. The 5-day average trading volume is 22,778,500 shares of the company’s common stock. It has gained $18.25 in the past week and touched a new high 1 time within the past 5 days. An average of 20,358,766 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,117,637.

GOLD’s 1-month performance is -9.19% or -$1.82 on its low of $17.56 reached on 09/29/21. The company’s shares have touched a 52-week low of $17.56 and high of $29.23, with the stock’s rally to the 52-week high happening on 05/19/21. YTD, GOLD has lost -20.02% or -$4.79 and has reached a new high 4 times. However, the current price is down -38.45%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 41.36 and a low of 6.934. GOLD stock has a beta of 0.33. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.53 while the price-to-book (PB) in the most recent quarter is 1.35, with the price to cash flow ratio at 12.68.

Barrick Gold Corporation pays an annual dividend of $0.36 per share. Its dividend yield is 2.00% and the payout ratio is 24.70%. GOLD’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.09 a share compared with prior rate of $0.09, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.02 reported on Friday November 6 2020. Measured over the last 3 years, the Dividend has been growing by 158.33% yearly.

It is projected that Barrick Gold Corporation’s next ex-dividend date will be on 29-Nov. GOLD is expected to distribute $0.14 as its next dividend.

Barrick Gold Corporation’s quick ratio for the period ended June 29 was 3.50, with the current ratio over the same period at 4.50 meaning that GOLD stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.22, while the total debt to equity was 0.22. In terms of profitability, the gross margin trailing 12 months is 43.50%The trailing 12-month EBITDA margin is 53.99% while for the period ending June 29; Barrick Gold Corporation’s operating margin was 44.20%. The firm’s gross profit as reported stood at $5.18 billion against revenue of $12.6 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected GOLD to announce $0.26 per share in earnings in its latest quarter, but it posted $0.29, representing a 11.50% surprise. EBITDA for the quarter stood at more than $1.56 billion. GOLD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.35 billion, with total debt at $5.15 billion

Technical Picture

Let’s look briefly at Barrick Gold Corporation (GOLD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 36.70% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.50%.

The stock’s 5-day moving average is $17.93, reflecting a -0.22% or -$0.04 change from its current price. GOLD is currently trading -9.46% above its 20-day SMA, -24.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.26% and -21.34% respectively.

Stochastic %K and %D was 13.86% and 12.47% and the average true range (ATR) pointed at 0.46. The RSI (14) points at 36.23%, while the 14-day stochastic is at 19.03% with the period’s ATR at 0.46. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.50 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Barrick Gold Corporation (NYSE: GOLD), KeyBanc Capital Markets launched coverage with a Sector weight rating. Analysts offering their rating for GOLD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GOLD as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 14 have offered a “buy” rating.

What is GOLD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $20.00 and a high of $35.00, with their median price target at $27.25. Looking at these predictions, the average price target given by analysts is for Barrick Gold Corporation (GOLD) stock is $28.11.


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