Barrick Gold Corp [GOLD] stock is trading at $17.72, up 3.02%. 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 4.11% over the last week, with a monthly amount drifted -15.05%, and not 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 October 30, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $22 from $23. Previously, Argus upgraded its rating to Buy on August 29, 2024. Argus downgraded its rating to a Hold. Bernstein downgraded its rating to a Mkt Perform. Exane BNP Paribas downgraded its rating to Neutral for this stock on February 13, 2023, but kept the price target unchanged to $19. In a note dated September 12, 2022, Goldman initiated an Neutral rating and provided a target price of $18 on this stock.
Barrick Gold Corp [GOLD] stock has fluctuated between $13.76 and $21.35 over the past year. Currently, Wall Street analysts expect the stock to reach $25.43 within the next 12 months. Barrick Gold Corp [NYSE: GOLD] shares were valued at $17.72 at the most recent close of the market. An investor can expect a potential return of 43.51% based on the average GOLD price forecast.
Analyzing the GOLD fundamentals
Barrick Gold Corp [NYSE:GOLD] reported sales of 12.29B for the trailing twelve months, which represents a growth of 17.07%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.27%, 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 0.07 and Total Capital is 0.05. 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 17.45 points at the first support level, and at 17.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.87, and for the 2nd resistance point, it is at 18.03.
Ratios To Look Out For
For context, Barrick Gold Corp’s Current Ratio is 2.65. Also, the Quick Ratio is 2.06, while the Cash Ratio stands at 1.39. Considering the valuation of this stock, the price to sales ratio is 3.53, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 19.11.
