Barrick Gold Corp. [GOLD] stock is trading at $14.94, up 1.91%. An important factor to consider is whether the stock is rising or falling in short-term value. The GOLD shares have gain 1.36% over the last week, with a monthly amount drifted -4.23%, and not seem to be holding up well over a long-time horizon.
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On 1, March 2024, Passing of the Right Honorable Brian Mulroney. In a post published today on Yahoo Finance, The Board of Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is deeply saddened by the passing of the Chairman of its International Advisory Board and former member of the Barrick Board of Directors, the Right Honorable Brian Mulroney, on February 29, 2024.
From an analyst’s perspective:
Previously, Argus downgraded its rating to Hold on February 26, 2024. On January 08, 2024, downgrade downgraded it’s rating to Mkt Perform. Exane BNP Paribas downgraded its rating to a Neutral but stick to its price target of $19 on February 13, 2023. Goldman initiated its recommendation with a Neutral and recommended $18 as its price target on September 12, 2022. Bernstein downgraded its rating to Mkt Perform for this stock on April 25, 2022. In a note dated October 15, 2021, National Bank Financial downgraded an Sector Perform rating on this stock.
Barrick Gold Corp. [GOLD] stock has fluctuated between $13.76 and $20.75 over the past year. Currently, Wall Street analysts expect the stock to reach $26.32 within the next 12 months. Barrick Gold Corp. [NYSE: GOLD] shares were valued at $14.94 at the most recent close of the market. An investor can expect a potential return of 76.17% based on the average GOLD price forecast.
Analyzing the GOLD fundamentals
Barrick Gold Corp. [NYSE:GOLD] reported sales of 11.38B for the trailing twelve months, which represents a growth of 10.37%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.65 points at the first support level, and at 14.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.13, and for the 2nd resistance point, it is at 15.33.
Barrick Gold Corp. [GOLD] reported earnings per share of $0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.06 and a surprise factor of 28.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.24 per share as compared to estimates of $0.2 per share, a difference of $0.04 representing a surprise of 20.00%.
Ratios To Look Out For
For context, Barrick Gold Corp.’s Current Ratio is 3.16. On the other hand, the Quick Ratio is 2.40, and the Cash Ratio is 1.76. Considering the valuation of this stock, the price to sales ratio is 2.31, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 20.62.
