Is It Worthwhile For Investors To Follow These Insider Trades On Barrick Gold Corporation (GOLD)?

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KOSK
KOSK

Barrick Gold Corporation (NYSE:GOLD) finished Thursday with a subtraction of -$0.11 to close at $15.07, a downside of -0.72 percent. An average of 21,782,740 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 20,900,939 shares traded, while the 50-day average volume stands at 22,126,156.

GOLD stock has decreased by -6.42% in the last month. The company shares reached their 1-month lowest point of $14.53 on 09/01/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $14.53 and a high of $25.78 in 52 weeks. It has reached a new high 16 times so far this year and lost -19.79% or -$3.93 in price. In spite of this, the price is down -41.54% from the 52-week high.


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Valuation Metrics

Barrick Gold Corporation (GOLD) has a trailing price-to-earnings (P/E) ratio of 13.41. The stock’s beta is 0.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.24, the price-to-book (PB) ratio at 1.11, and the price-to-cash flow ratio at 29.04.

The company has a payout ratio of 47.20%. The company’s most recent quarterly dividend payment was $0.1560 a share, representing a down of -22.0% from $0.20 last year. Its latest decrease dividend $0.0440 reported on Monday August 8 2022.

Financial Health

The quick ratio of Barrick Gold Corporation for the three months ended June 29 was 3.20, and the current ratio was 4.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.21 for the quarter ending June 29. Its gross profit as reported stood at $4.9 billion compared to revenue of $11.98 billion.

Earnings Surprise

The analyst consensus anticipated Barrick Gold Corporation’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.29, a 11.50% surprise. For the quarter, EBITDA amounted to $1.48 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Barrick Gold Corporation (GOLD) price momentum. RSI 9-day as of the close on 22 September was 41.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.14%.

As of today, GOLD’s price is $15.22 -0.46% or -$0.07 from its 5-day moving average. GOLD is currently trading -7.83% lower than its 20-day SMA and -32.45% lower than its 100-day SMA. However, the stock’s current price level is -8.61% below the SMA50 and -18.50% below the SMA200.

The stochastic %K and %D were 31.11% and 39.30%, respectively, and the average true range (ATR) was 0.52. With the 14-day stochastic at 24.09% and the average true range at 0.51, the RSI (14) stands at 42.24%. The stock has reached -0.27 on the 9-day MACD Oscillator while the 14-day reading was at -0.25.

Analyst Ratings

Goldman launched coverage on Barrick Gold Corporation (NYSE: GOLD) in its analyst report released on September 12, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Barrick Gold Corporation (GOLD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GOLD, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 others rate it as a “buy”.

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

Analysts predict a range of price targets between $17.00 and $28.00, with a median target of $24.00. Taking a look at these predictions, the average price target given by analysts for Barrick Gold Corporation (GOLD) stock is $23.37.

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