Barrick Gold Corp (NYSE:GOLD)’s traded shares stood at 4.05 million during the latest session, with the company’s beta value hitting 0.52. At the last check today, the stock’s price was $16.98, to imply an increase of 1.13% or $0.19 in intraday trading. The GOLD share’s 52-week high remains $21.35, putting it -25.74% down since that peak but still an impressive 18.96% since price per share fell to its 52-week low of $13.76. The company has a valuation of $41.60B, with an average of 26.06 million shares in intraday trading volume over the past 10 days and average of 20.32 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Barrick Gold Corp (GOLD), translating to a mean rating of 1.73. Of 8 analyst(s) looking at the stock, 0 analyst(s) give GOLD a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.49.
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Barrick Gold Corp (NYSE:GOLD) trade information
After registering a 1.13% upside in the latest session, Barrick Gold Corp (GOLD) has traded red over the past five days. The 5-day price performance for the stock is -8.12%, and -14.84% over 30 days. With these gigs, the year-to-date price performance is -6.14%. Short interest in Barrick Gold Corp (NYSE:GOLD) saw shorts transact 17.88 million shares and set a 0.6 days time to cover.
The extremes give us $20 and $31 for target low and target high price respectively. As such, GOLD has been trading -82.57% off suggested target high and -17.79% from its likely low.
Barrick Gold Corp (GOLD) estimates and forecasts
Looking at statistics comparing Barrick Gold Corp share performance against respective industry, we note that the company has outperformed competitors. Barrick Gold Corp (GOLD) shares are -3.08% down over the last 6 months, with its year-to-date growth rate higher than industry average at 53.57% against 18.80%. Revenue is forecast to grow 80.49% this quarter before jumping 154.32% for the next one. The rating firms project that company’s revenue will grow 13.23% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 4.34B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 4.22B.Earnings reports from the last fiscal year show that sales brought in 3.06B and 2.75B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 41.73% before jumping 53.63% in the following quarter.
GOLD Dividends
Barrick Gold Corp has its next earnings report out on 2025-Feb-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Barrick Gold Corp has a forward dividend ratio of 0.40, with the share yield ticking at 2.36% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.16%.
Barrick Gold Corp (NYSE:GOLD)’s Major holders
Barrick Gold Corp insiders hold 0.60% of total outstanding shares, with institutional holders owning 62.13% of the shares at 62.51% float percentage. In total, 62.13% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 77.41 million shares (or 4.4086% of shares), all amounting to roughly $1.29 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 66.03 million shares, or about 3.7601% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.1 billion.
