At the time of writing, Barrick Gold Corp. [GOLD] stock is trading at $16.21, up 4.45%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GOLD shares have gain 3.38% over the last week, with a monthly amount glided 11.72%, and seem to be holding up well over a long-time horizon.
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On 20, March 2024, Barrick Hunts New Gold and Copper Prospects in DRC From Kibali Base. In a post published today on Yahoo Finance, All amounts expressed in US dollars.
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.
For the past year, the stock price of Barrick Gold Corp. fluctuated between $13.76 and $20.75. 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 $16.21 at the most recent close of the market. An investor can expect a potential return of 62.37% based on the average GOLD price forecast.
Analyzing the GOLD fundamentals
According to Barrick Gold Corp. [NYSE:GOLD], the company’s sales were 11.38B for trailing twelve months, which represents an 10.37% jump. 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 15.81 points at the first support level, and at 15.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.41, and for the 2nd resistance point, it is at 16.61.
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
It is important to note that Barrick Gold Corp. [NYSE:GOLD] has a current ratio of 3.16. Further, the Quick Ratio stands at 2.40, while the Cash Ratio is 1.76. Considering the valuation of this stock, the price to sales ratio is 2.50, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 22.37.
