As of Wednesday close, Barrick Gold Corporation’s (NYSE:GOLD) stock was up $0.09, moving up 0.55 percent to $16.42. The average number of shares traded per day over the past five days has been 15,333,100 shares. 4 times new highs have been achieved over the past 5 days, with a $0.30 gain in that time frame. In the last twenty days, the average volume was 12,218,685, while in the previous 50 days, it was 12,718,954.
Since last month, GOLD stock rose 4.52%. Shares of the company fell to $15.47 on 08/21/23, the lowest level in the past month. A 52-week high of $20.75 was reached on 05/04/23 after having rallying from a 52-week low of $12.97. Since the beginning of this year, GOLD’s stock price has dropped by -4.42% or -$0.76, and marked a new high 13 times. However, the stock has declined by -20.87% since its 52-week high.
Valuation Metrics
The stock’s beta is 0.39. Besides these, the trailing price-to-sales (P/S) ratio of 2.63, the price-to-book (PB) ratio of 1.26, and the price-to-cash flow ratio of 1347.13 may also be considered.
The latest dividend of $0.10 per share was paid out, which is 35.14% more than last year’s $0.0740. On Tuesday August 8 2023, a $0.0260 dividend increase was announced.
Financial Health
In the three months ended June 29, Barrick Gold Corporation’s quick ratio stood at 2.40, while its current ratio was 3.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.21, and the total debt-to-equity ratio was 0.21. On the profitability front, the trailing twelve-month gross margin is 27.80% percent. In the year ended June 29, EBITDA margin amounted to 46.39%, whereas operating margins totaled 10.70%. Based on annual data, GOLD earned $3.52 billion in gross profit and brought in $11.01 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.70%. Return on equity (ROE) for the past 12 months was -0.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Barrick Gold Corporation to report $0.18 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $1.24 billion in EBITDA. The liabilities of Barrick Gold Corporation were 13.8 billion at the end of its most recent quarter ended June 29, and its total debt was $4.77 billion.
Technical Picture
This quick technical analysis looks at Barrick Gold Corporation’s (GOLD) price momentum. With a historical volatility rate of 17.90%, the RSI 9-day stood at 56.84% on 20 September.
With respect to its five-day moving average, the current Barrick Gold Corporation price is up by +1.86% percent or $0.30. At present, GOLD shares trade +3.66% above its 20-day simple moving average and -14.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.74% below its SMA50 and -3.92% below its SMA200.
Stochastic coefficient K was 70.04% and Stochastic coefficient D was 79.58%, while ATR was 0.34. Given the Stochastic reading of 63.89% for the 14-day period, the RSI (14) reading has been calculated as 53.57%. As of today, the MACD Oscillator reading stands at 0.21, while the 14-day reading stands at 0.31.
Analyst Ratings
Barrick Gold Corporation downgraded its rating on Barrick Gold Corporation (NYSE: GOLD) to a Neutral in a note to investors on February 13, 2023. The analysts firm previously had an Outperform rating on the stock.Barrick Gold Corporation (GOLD) has been rated Overweight by analysts. According to 0 brokerage firms, GOLD is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 4 analysts rate Barrick Gold Corporation stock as buy, with 14 recommending it as overweight.
With a median target price of $22.25, the current consensus forecast for the stock is $17.20 – $30.00. Based on these forecasts, analysts predict Barrick Gold Corporation (GOLD) will achieve an average price target of $22.84.
