In the last trading session, 18.64 million shares of the Barrick Gold Corp. (NYSE:GOLD) were traded, and its beta was 0.55. Most recently the company’s share price was $19.66, and it changed around -$0.22 or -1.11% from the last close, which brings the market valuation of the company to $34.46B. GOLD currently trades at a discount to its 52-week high of $21.21, offering almost -7.88% off that amount. The share price’s 52-week low was $13.76, which indicates that the current value has risen by an impressive 30.01% since then. We note from Barrick Gold Corp.’s average daily trading volume that its 10-day average is 19.64 million shares, with the 3-month average coming to 20.34 million.
Barrick Gold Corp. stock received a consensus recommendation rating of Overweight, based on a mean score of 1.68. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended GOLD as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Barrick Gold Corp. is expected to report earnings per share of 0.36 for the current quarter.
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Barrick Gold Corp. (NYSE:GOLD) trade information
Instantly GOLD has showed a red trend with a performance of -1.11% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 20.56 on recent trading dayincreased the stock’s daily price by 4.38%. The company’s shares are currently up 8.68% year-to-date, but still down -3.15% over the last five days. On the other hand, Barrick Gold Corp. (NYSE:GOLD) is 1.97% up in the 30-day period. We can see from the shorts that 15.85 million shares have been sold at a short interest cover period of 0.86 day(s).
The consensus price target as assigned by Wall Street analysts is $26, which translates to bulls needing to increase their stock price by 24.38% from its current value. Analyst projections state that GOLD is forecast to be at a low of $20 and a high of $31.
Barrick Gold Corp. (GOLD) estimates and forecasts
Barrick Gold Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 9.16 percent over the past six months and at a 51.19% annual growth rate that is well above the industry average of 20.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 50.00% in revenue this quarter, and will report an increase of 66.70% in the next quarter. The year-over-year growth rate is expected to be 15.10%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 3.62B in revenue for the current quarter. 4 analysts expect Barrick Gold Corp. to make 4.22B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.86B and 3.06B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.40%. Forecasts for the next quarter put sales growth at 37.90%.
Barrick Gold Corp. earnings are expected to increase by 52.00% in 2024, but the outlook is positive 32.86% per year for the next five years.
GOLD Dividends
Barrick Gold Corp.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 2.03 percent and its annual dividend per share was 0.40. It is important to note, however, that the 2.03% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.14 per year.
Barrick Gold Corp. (NYSE:GOLD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.60% of Barrick Gold Corp. shares, and 62.25% of them are in the hands of institutional investors. The stock currently has a share float of 62.63%. Barrick Gold Corp. stock is held by 1146.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 4.4086% of the shares, which is about 77.41 million shares worth $1.29 billion.
VANGUARD GROUP INC, with 3.7601% or 66.03 million shares worth $1.1 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
