Barrick Gold Corp. (NYSE:GOLD) has a beta value of 0.59 and has seen 27.49 million shares traded in the last trading session. The company, currently valued at $31.07B, closed the last trade at $17.70 per share which meant it lost -$0.16 on the day or -0.90% during that session. The GOLD stock price is -17.23% off its 52-week high price of $20.75 and 22.26% above the 52-week low of $13.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 27.13 million shares traded. The 3-month trading volume is 21.53 million shares.
Barrick Gold Corp. (NYSE:GOLD) trade information
Sporting -0.90% in the red in last session, the stock has traded in the green over the last five days, when the GOLD stock price touched $17.70 or saw a rise of 2.32%. Year-to-date, Barrick Gold Corp. shares have moved -2.16%, while the 5-day performance has seen it change 4.98%. Over the past 30 days, the shares of Barrick Gold Corp. (NYSE:GOLD) have changed 11.32%. Short interest in the company has seen 13.17 million shares shorted with days to cover at 0.79.
Barrick Gold Corp. (GOLD) estimates and forecasts
Figures show that Barrick Gold Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 23.17% over the past 6 months, with this year growth rate of 7.14%, compared to 2.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 35.70% and 5.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.70%.
3 analysts offering their estimates for the company have set an average revenue estimate of $2.82 billion for the current quarter. 2 have an estimated revenue figure of $3.04 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $2.64 billion and $2.94 billion respectively for this quarter and the next, and analysts expect sales will grow by 6.80% for the current quarter and 3.50% for the next.
Earnings growth for 2024 is a modest 14.76% while over the next 5 years, the company’s earnings are expected to increase by 6.70%.
GOLD Dividends
Barrick Gold Corp. is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.40 at a share yield of 2.26%. The company’s dividend yield has gone up over the past 12 months.
Barrick Gold Corp. (NYSE:GOLD)’s Major holders
Insiders own 0.62% of the company shares, while shares held by institutions stand at 64.60% with a share float percentage of 65.00%. Investors are also buoyed by the number of investors in a company, with Barrick Gold Corp. having a total of 1,152 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 75.22 million shares worth more than $1.27 billion. As of Jun 29, 2023, Van Eck Associates Corporation held 4.28% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 61.61 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.04 billion and represent 3.51% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and Income Fund of America Inc. As of Sep 29, 2023, the former fund manager holds about 3.53% shares in the company for having 61.9 million shares of worth $900.7 million while later fund manager owns 32.18 million shares of worth $468.24 million as of Sep 29, 2023, which makes it owner of about 1.83% of company’s outstanding stock.
