Barrick Gold Corp. (NYSE:GOLD) has a beta value of 0.55 and has seen 8.01 million shares traded in the last trading session. The company, currently valued at $35.02B, closed the last trade at $19.98 per share which meant it lost -$0.01 on the day or -0.05% during that session. The GOLD stock price is -6.16% off its 52-week high price of $21.21 and 31.13% 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 16.32 million shares traded. The 3-month trading volume is 20.06 million shares.
The consensus among analysts is that Barrick Gold Corp. (GOLD) is Buy stock at the moment, with a recommendation rating of 1.73. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.36.
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Barrick Gold Corp. (NYSE:GOLD) trade information
Sporting -0.05% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GOLD stock price touched $19.98 or saw a rise of 1.77%. Year-to-date, Barrick Gold Corp. shares have moved 10.45%, while the 5-day performance has seen it change 0.50%. Over the past 30 days, the shares of Barrick Gold Corp. (NYSE:GOLD) have changed -4.13%. Short interest in the company has seen 11.13 million shares shorted with days to cover at 0.6.
Wall Street analysts have a consensus price target for the stock at $26, which means that the shares’ value could jump 23.15% from current levels. The projected low price target is $20.0 while the price target rests at a high of $31.0. In that case, then, we find that the current price level is -55.16% off the targeted high while a plunge would see the stock gain -0.1% from current levels.
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 15.03% over the past 6 months, with this year growth rate of 51.19%, compared to 22.00% for the industry. Revenue growth from the last financial year stood is estimated to be 15.10%.
4 analysts offering their estimates for the company have set an average revenue estimate of 3.62B for the current quarter. 4 have an estimated revenue figure of 4.22B for the next ending quarter. Year-ago sales stood 2.86B and 3.06B respectively for this quarter and the next, and analysts expect sales will grow by 26.40% for the current quarter and 15.10% for the next.
Earnings growth for 2024 is a modest 52.12% while over the next 5 years, the company’s earnings are expected to increase by 32.86%.
GOLD Dividends
Barrick Gold Corp. is expected to release its next earnings report in November 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 2.00%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.14%.
Barrick Gold Corp. (NYSE:GOLD)’s Major holders
Insiders own 0.60% of the company shares, while shares held by institutions stand at 62.34% with a share float percentage of 62.71%. Investors are also buoyed by the number of investors in a company, with Barrick Gold Corp. having a total of 1151.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 77.41 million shares worth more than $1.29 billion. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 4.4086% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 66.03 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.1 billion and represent 3.7601% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and First Eagle Global Fund . As of Sep 30, 2024 , the former fund manager holds about 3.62% shares in the company for having 63.3 shares of worth $1.26 billion while later fund manager owns 25.08 shares of worth $501.16 million as of Jul 31, 2024 , which makes it owner of about 1.43% of company’s outstanding stock.
