In recent trading session, Barrick Gold Corp. (NYSE:GOLD) saw 6.0 million shares changing hands at last check today with its beta currently measuring 0.54. Company’s recent per share price level of $19.06 trading at -$0.1 or -0.55% at last check today assigns it a market valuation of $33.46B. That most recent trading price of GOLD’s stock is at a discount of -2.05% from its 52-week high price of $19.45 and is indicating a premium of 27.81% from its 52-week low price of $13.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 24.23 million shares which gives us an average trading volume of 20.94 million if we extend that period to 3-months.
For Barrick Gold Corp. (GOLD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.73. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.36 in the current quarter.
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Barrick Gold Corp. (NYSE:GOLD) trade information
Upright in the red during last session for losing -0.55%, in the last five days GOLD remained trading in the green while hitting it’s week-highest on Tuesday, 08/13/24 when the stock touched $19.06 price level, adding 1.35% to its value on the day. Barrick Gold Corp.’s shares saw a change of 5.33% in year-to-date performance and have moved 9.89% in past 5-day. Barrick Gold Corp. (NYSE:GOLD) showed a performance of 0.93% in past 30-days. Number of shares sold short was 13.85 million shares which calculate 0.68 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 26.13 to the stock, which implies a rise of 27.06% to its recent value today. Analysts have been projecting 20 as a low price target for the stock while placing it at a high target of 31. It follows that stock’s current price would drop -4.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.93% for stock’s current value.
Barrick Gold Corp. (GOLD) estimates and forecasts
Statistics highlight that Barrick Gold Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 35.53% of value to its shares in past 6 months, showing an annual growth rate of 44.05% while that of industry is 21.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 14.80% 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 3.7B for the same. And 4 analysts are in estimates of company making revenue of 4.22B in the next quarter. Company posted 2.86B and 3.06B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 49.12% while estimates for its earnings growth in next 5 years are of 6.70%.
GOLD Dividends
Barrick Gold Corp. is more likely to be releasing its next quarterly report on 2024-Oct-31 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. With an annual yield of 2.10%, the share has a forward dividend of 0.40 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.11%.
Barrick Gold Corp. (NYSE:GOLD)’s Major holders
Insiders are in possession of 0.61% of company’s total shares while institution are holding 61.95 percent of that, with stock having share float percentage of 62.33%. Investors also watch the number of corporate investors in a company very closely, which is 61.95% institutions for Barrick Gold Corp. that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at GOLD for having 77.5 million shares of worth $1.29 billion. And as of 2024-03-31, it was holding 4.4136 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 64.76 million shares on 2024-03-31. The number of shares represents firm’s hold over 3.688 of outstanding shares, having a total worth of $1.08 billion.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and First Eagle Global Fund are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024, the former fund manager was holding 65.43 shares of worth $1.25 billion or 3.73% of the total outstanding shares. The later fund manager was in possession of 25.08 shares on Apr 30, 2024, making its stake of worth around $479.42 million in the company or a holder of 1.43% of company’s stock.
