At the time of writing, Barrick Gold Corp [GOLD] stock is trading at $16.57, up 3.82%. 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 4.74% over the last week, with a monthly amount glided 5.68%, and 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 January 27, 2025, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $18 from $21. Previously, Scotiabank downgraded its rating to Sector Perform on January 21, 2025. On November 25, 2024, downgrade downgraded it’s rating to Neutral. UBS downgraded its rating to a Neutral and decreased its price target to $22 on October 30, 2024. Argus upgraded its rating to a Buy. In a note dated February 26, 2024, Argus downgraded an Hold rating on this stock.
For the past year, the stock price of Barrick Gold Corp fluctuated between $13.76 and $21.35. Currently, Wall Street analysts expect the stock to reach $23.5 within the next 12 months. Barrick Gold Corp [NYSE: GOLD] shares were valued at $16.57 at the most recent close of the market. An investor can expect a potential return of 41.82% based on the average GOLD price forecast.
Analyzing the GOLD fundamentals
According to Barrick Gold Corp [NYSE:GOLD], the company’s sales were 12.29B for trailing twelve months, which represents an 17.07% jump. 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 16.24 points at the first support level, and at 15.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.86, and for the 2nd resistance point, it is at 17.15.
Ratios To Look Out For
It is important to note that Barrick Gold Corp [NYSE:GOLD] has a current ratio of 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 2.36, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 17.87.
