At the time of writing, Barrick Gold Corp. [GOLD] stock is trading at $20.86, down -0.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GOLD shares have gain 4.40% over the last week, with a monthly amount glided 2.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Barrick Gold Corp. [NYSE: GOLD] stock has seen the most recent analyst activity on August 29, 2024, when Argus upgraded its rating to a Buy. On February 26, 2024, downgrade downgraded it’s rating to Hold. Bernstein downgraded its rating to a Mkt Perform. Exane BNP Paribas downgraded its rating to a Neutral but $19 remained the price target by the analyst firm on February 13, 2023. Goldman started tracking with a Neutral rating for this stock on September 12, 2022, and assigned it a price target of $18. In a note dated April 25, 2022, Bernstein downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Barrick Gold Corp. fluctuated between $13.76 and $21.21. Currently, Wall Street analysts expect the stock to reach $25.81 within the next 12 months. Barrick Gold Corp. [NYSE: GOLD] shares were valued at $20.86 at the most recent close of the market. An investor can expect a potential return of 23.73% based on the average GOLD price forecast.
Analyzing the GOLD fundamentals
According to Barrick Gold Corp. [NYSE:GOLD], the company’s sales were 11.80B for trailing twelve months, which represents an 11.03% jump. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.24%, 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 0.07. 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 20.68 points at the first support level, and at 20.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.20, and for the 2nd resistance point, it is at 21.53.
Ratios To Look Out For
It is important to note that Barrick Gold Corp. [NYSE:GOLD] has a current ratio of 3.01. Also, the Quick Ratio is 2.31, while the Cash Ratio stands at 1.69. Considering the valuation of this stock, the price to sales ratio is 3.10, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 24.22.
