In the last trading session, 19.27 million Barrick Gold Corp. (NYSE:GOLD) shares changed hands as the company’s beta touched 0.55. With the company’s per share price at $21.19 changed hands at $0.33 or 1.58% during last session, the market valuation stood at $37.14B. GOLD’s last price was a discount, traded about -0.76% off its 52-week high of $21.35. The share price had its 52-week low at $13.76, which suggests the last value was 35.06% up since then. When we look at Barrick Gold Corp.’s average trading volume, we note the 10-day average is 17.07 million shares, with the 3-month average coming to 19.22 million.
Analysts gave the Barrick Gold Corp. (GOLD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.73. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended GOLD as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Barrick Gold Corp.’s EPS for the current quarter is expected to be 0.32.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Barrick Gold Corp. (NYSE:GOLD) trade information
Instantly GOLD was in green as seen at the end of in last trading. With action 4.85%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 17.14%, with the 5-day performance at 4.85% in the green. However, in the 30-day time frame, Barrick Gold Corp. (NYSE:GOLD) is 4.85% up. Looking at the short shares, we see there were 11.13 million shares sold at short interest cover period of 0.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 26, meaning bulls need an upside of 18.5% from its current market value. According to analyst projections, GOLD’s forecast low is 20 with 31 as the target high. To hit the forecast high, the stock’s price needs a -46.3% plunge from its current level, while the stock would need to tank 5.62% for it to hit the projected low.
Barrick Gold Corp. (GOLD) estimates and forecasts
Data shows that the Barrick Gold Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 26.96% over the past 6 months, a 51.19% in annual growth rate that is considerably higher than the industry average of 21.20%. Year-over-year growth is forecast to reach 14.70% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 3.42B. 4 analysts are of the opinion that Barrick Gold Corp.’s revenue for the current quarter will be 4.26B. The company’s revenue for the corresponding quarters a year ago was 2.86B and 3.06B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.40%. The estimates for the next quarter sales put growth at 39.10%.
The 2024 estimates are for Barrick Gold Corp. earnings to increase by 53.73%, but the outlook for the next 5-year period is at 32.86% per year.
GOLD Dividends
Barrick Gold Corp. is expected to release its next quarterly earnings report in November. The 1.89% annual yield figure for the share gives it an annual dividend of 0.40. It is important to note, however, that the 1.89% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.14 per year.
Barrick Gold Corp. (NYSE:GOLD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.60% of Barrick Gold Corp. shares while 62.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.67%. There are 62.29% institutions holding the Barrick Gold Corp. stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 4.4086% of the shares, roughly 77.41 million GOLD shares worth $1.29 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.7601% or 66.03 million shares worth $1.1 billion as of 2024-06-30.
