Barrick Gold Corp (NYSE:GOLD) has a beta value of 0.52 and has seen 5.45 million shares traded in the recent trading session. The company, currently valued at $27.99B, closed the recent trade at $16.01 per share which meant it lost -$0.23 on the day or -1.42% during that session. The GOLD stock price is -33.35% off its 52-week high price of $21.35 and 14.05% 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 18.28 million shares traded. The 3-month trading volume is 21.59 million shares.
The consensus among analysts is that Barrick Gold Corp (GOLD) is Buy stock at the moment, with a recommendation rating of 1.82. 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 0.45.
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Barrick Gold Corp (NYSE:GOLD) trade information
Sporting -1.42% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GOLD stock price touched $16.01 or saw a rise of 8.46%. Year-to-date, Barrick Gold Corp shares have moved -11.50%, while the 5-day performance has seen it change -9.19%. Over the past 30 days, the shares of Barrick Gold Corp (NYSE:GOLD) have changed -6.92%. Short interest in the company has seen 20.4 million shares shorted with days to cover at 0.81.
Wall Street analysts have a consensus price target for the stock at $24, which means that the shares’ value could jump 33.29% from the levels at last check today. The projected low price target is $22.0 while the price target rests at a high of $27.0. In that case, then, we find that the latest price level in today’s session is -68.64% off the targeted high while a plunge would see the stock gain -37.41% from the levels at last check today.
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 lost -5.60% over the past 6 months, with this year growth rate of 52.38%, compared to 19.10% for the industry. Revenue growth from the last financial year stood is estimated to be 15.77%.
4 analysts offering their estimates for the company have set an average revenue estimate of 4.18B for the current quarter. 3 have an estimated revenue figure of 3.97B for the next ending quarter. Year-ago sales stood 3.06B and 2.75B respectively for this quarter and the next, and analysts expect sales will grow by 36.70% for the current quarter and 15.77% for the next.
Earnings growth for 2024 is a modest 51.09% while over the next 5 years, the company’s earnings are expected to increase by 29.40%.
GOLD Dividends
Barrick Gold Corp is expected to release its next earnings report in January 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 2.50%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.18%.
Barrick Gold Corp (NYSE:GOLD)’s Major holders
Insiders own 0.61% of the company shares, while shares held by institutions stand at 61.97% with a share float percentage of 62.35%. Investors are also buoyed by the number of investors in a company, with Barrick Gold Corp having a total of 1165.0 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 Oct 31, 2024, the former fund manager holds about 3.53% shares in the company for having 61.51 shares of worth $981.06 million while later fund manager owns 25.08 shares of worth $400.08 million as of Jul 31, 2024, which makes it owner of about 1.44% of company’s outstanding stock.
