The stock of Barrick Gold Corporation (NYSE:GOLD) decreased by -$0.24 on Monday to finish at $16.67, down -1.42 percent. The last five days have seen an average of 11,182,340 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.51. The average number of shares traded over the last 20 days was 12,318,300, while the average volume over the last 50 days totaled 13,602,088.
GOLD stock dropped -3.92% since last month. On 08/08/23, the company’s shares reached a one-month low of $15.97. The stock touched a high of $20.75 on 05/04/23, after rallying from a low of $12.97 in 52 weeks. The price of GOLD stock has declined by -2.97% or -$0.51 this year, reaching a new high 13 times. Still, the stock price is down -19.66% from the 52-week high.
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Valuation Metrics
Beta for the stock is 0.39. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.67, the price-to-book (PB) ratio of 1.28, and the price-to-cash flow ratio of 1371.67.
Company paid $0.10 per share in dividends, an increase of 35.14% from $0.0740 last year. A $0.0260 dividend increase was reported on Tuesday August 8 2023.
Financial Health
For the three months ended June 29, Barrick Gold Corporation’s quick ratio was 2.40, while its current ratio was 3.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.21, and the total debt to equity ratio is 0.21. As far as profitability goes, gross margin for the trailing twelve months is 27.80% percent. Barrick Gold Corporation’s EBITDA margin for the year ended June 29 was 46.39%, whereas its operating margin stood at 10.70% for the same period. Based on annual data, it had gross profit of $3.52 billion and revenue of $11.01 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GOLD’s return on assets (ROA) during the last 12 months has been -0.20%. There was a 4.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -0.30%.
Earnings Surprise
According to Barrick Gold Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Barrick Gold Corporation’s quarterly earnings would be $0.19, but it ended up being $0.18, beating the consensus by 5.60%. EBITDA was $1.24 billion for the quarter.
Technical Picture
Here’s a quick look at Barrick Gold Corporation’s (GOLD) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 46.33%, suggesting the stock is Neutral, with a 21.57% historical volatility rate.
The stochastic %K and %D were 48.69% and 42.39% respectively, while the average true range (ATR) was 0.36. Based on the 14-day stochastic reading of 45.45%, the RSI (14) reading is 46.25%. On the 9-day MACD Oscillator, the stock is at 0.19, and the 14-day reading is at 0.01.
Analyst Ratings
Barrick Gold Corporation (NYSE: GOLD) was downgraded by Exane BNP Paribas to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Barrick Gold Corporation (GOLD) an Overweight rating. GOLD is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 4 rates it overweight and 12 others recommend it as a buy.
What is GOLD’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.20 and $29.00, with a median target price of $22.27. In analyzing these forecasts, the average price target given by analysts for Barrick Gold Corporation (GOLD) is $22.82.
