A share price of Barrick Gold Corp. [GOLD] is currently trading at $16.56, down -2.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The GOLD shares have gain 3.05% over the last week, with a monthly amount drifted -6.97%, and not seem to be holding up well over a long-time horizon.
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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. experienced fluctuations in its stock price throughout the past year between $13.76 and $18.95. Currently, Wall Street analysts expect the stock to reach $25.89 within the next 12 months. Barrick Gold Corp. [NYSE: GOLD] shares were valued at $16.56 at the most recent close of the market. An investor can expect a potential return of 56.34% based on the average GOLD price forecast.
Analyzing the GOLD fundamentals
Trailing Twelve Months sales for Barrick Gold Corp. [NYSE:GOLD] were 11.49B which represents 4.23% growth. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.13%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 16.35 points at the first support level, and at 16.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.88, and for the 2nd resistance point, it is at 17.19.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Barrick Gold Corp. [NYSE:GOLD] is 3.32. On the other hand, the Quick Ratio is 2.49, and the Cash Ratio is 1.8. Considering the valuation of this stock, the price to sales ratio is 2.53, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 20.09.
