In the last trading session, 10.45 million Barrick Gold Corp (NYSE:GOLD) shares changed hands as the company’s beta touched 0.53. With the company’s per share price at $17.49 changed hands at -$0.08 or -0.46% during last session, the market valuation stood at $30.57B. GOLD’s last price was a discount, traded about -22.07% 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 21.33% up since then. When we look at Barrick Gold Corp’s average trading volume, we note the 10-day average is 23.89 million shares, with the 3-month average coming to 21.09 million.
Analysts gave the Barrick Gold Corp (GOLD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.82. 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 (NYSE:GOLD) trade information
Instantly GOLD was in red as seen at the end of in last trading. With action -3.48%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -3.32%, with the 5-day performance at -3.48% in the red. However, in the 30-day time frame, Barrick Gold Corp (NYSE:GOLD) is -12.77% down. Looking at the short shares, we see there were 17.88 million shares sold at short interest cover period of 0.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is 26, meaning bulls need an upside of 32.73% 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 -77.24% plunge from its current level, while the stock would need to soar -14.35% 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 2.34% over the past 6 months, a 51.19% in annual growth rate that is considerably higher than the industry average of 20.50%.
The 2024 estimates are for Barrick Gold Corp earnings to increase by 51.24%, but the outlook for the next 5-year period is at 28.68% per year.
GOLD Dividends
Barrick Gold Corp is expected to release its next quarterly earnings report in January. The 2.86% annual yield figure for the share gives it an annual dividend of 0.50. It is important to note, however, that the 2.86% 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 2.18 per year.
Barrick Gold Corp (NYSE:GOLD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.61% of Barrick Gold Corp shares while 61.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.25%. There are 61.88% 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.
