In recent trading session, Barrick Gold Corporation (NYSE:GOLD) saw 3.84 million shares changing hands at last check today with its beta currently measuring 0.39. Company’s recent per share price level of $16.65 trading at $0.32 or 1.93% at last check today assigns it a market valuation of $29.26B. That most recent trading price of GOLD’s stock is at a discount of -24.62% from its 52-week high price of $20.75 and is indicating a premium of 22.1% from its 52-week low price of $12.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.51 million shares which gives us an average trading volume of 13.34 million if we extend that period to 3-months.
For Barrick Gold Corporation (GOLD), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 26 analysts covering the stock, 0 rated the stock as a Sell while 4 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 15 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.28 in the current quarter.
Barrick Gold Corporation (NYSE:GOLD) trade information
Upright in the green today for gaining 1.93%, in the last five days GOLD remained trading in the green while hitting it’s week-highest on Friday, 09/15/23 when the stock touched $16.65 price level, adding 0.24% to its value on the day. Barrick Gold Corporation’s shares saw a change of -3.11% in year-to-date performance and have moved 5.48% in past 5-day. Barrick Gold Corporation (NYSE:GOLD) showed a performance of 5.55% in past 30-days. Number of shares sold short was 35.75 million shares which calculate 2.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $22.70 to the stock, which implies a rise of 26.65% to its recent value today. Analysts have been projecting $17.20 as a low price target for the stock while placing it at a high target of $30.00. It follows that stock’s current price would drop -80.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3.3% for stock’s current value.
Barrick Gold Corporation (GOLD) estimates and forecasts
Statistics highlight that Barrick Gold Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -4.34% of value to its shares in past 6 months, showing an annual growth rate of 18.67% while that of industry is 19.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 115.40% in the current quarter and calculating 130.80% increase in the next quarter. This year revenue growth is estimated to rise 9.40% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.27 billion for the same. And 3 analysts are in estimates of company making revenue of $3.38 billion in the next quarter that will end on Dec 2023. Company posted $2.47 billion and $2.77 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 32.70% while estimating it to be 21.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -23.60% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -78.50% while estimates for its earnings growth in next 5 years are of 6.70%.
Barrick Gold Corporation is more likely to be releasing its next quarterly report between November 01 and November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Barrick Gold Corporation (NYSE:GOLD)’s Major holders
Insiders are in possession of 0.63% of company’s total shares while institution are holding 62.96 percent of that, with stock having share float percentage of 63.36%. Investors also watch the number of corporate investors in a company very closely, which is 62.96% institutions for Barrick Gold Corporation that are currently holding shares of the company. Van Eck Associates Corporation is the top institutional holder at GOLD for having 75.22 million shares of worth $1.25 billion. And as of Jun 29, 2023, it was holding 4.28% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 61.61 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.51% of outstanding shares, having a total worth of $1.02 billion.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and Income Fund of America Inc are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 65.17 million shares of worth $1.08 billion or 3.71% of the total outstanding shares. The later fund manager was in possession of 32.18 million shares on Jun 29, 2023, making its stake of worth around $534.69 million in the company or a holder of 1.83% of company’s stock.