Currently, Barrick Gold Corp [GOLD] is trading at $15.97, up 3.03%. 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 1.65% over the last week, with a monthly amount drifted -7.21%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Barrick Gold Corp [NYSE: GOLD] stock has seen the most recent analyst activity on November 25, 2024, when CIBC downgraded its rating to a Neutral. Previously, UBS downgraded its rating to Neutral on October 30, 2024, and dropped its price target to $22. On August 29, 2024, upgrade upgraded it’s rating to Buy. Argus downgraded its rating to a Hold. Bernstein downgraded its rating to Mkt Perform for this stock on January 08, 2024. In a note dated February 13, 2023, Exane BNP Paribas downgraded an Neutral rating on this stock but restated the target price of $19.
This stock has fluctuated between a low of $13.76 and a high of $21.35 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $24.25 within the next 12 months. Barrick Gold Corp [NYSE: GOLD] shares were valued at $15.97 at the most recent close of the market. An investor can expect a potential return of 51.85% based on the average GOLD price forecast.
Analyzing the GOLD fundamentals
Trailing Twelve Months sales for Barrick Gold Corp [NYSE:GOLD] were 12.29B which represents 17.07% growth. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.26%, 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 0.07. 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 15.79 points at the first support level, and at 15.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.11, and for the 2nd resistance point, it is at 16.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Barrick Gold Corp [NYSE:GOLD] is 2.65. Further, the Quick Ratio stands at 2.06, while the Cash Ratio is 1.39. Considering the valuation of this stock, the price to sales ratio is 2.27, the price to book ratio is 1.17 and price to earnings (TTM) ratio is 17.22.
