During the last session, Barrick Gold Corp (NYSE:GOLD)’s traded shares were 27.08 million, with the beta value of the company hitting 0.54. At the end of the trading day, the stock’s price was $15.82, reflecting an intraday gain of 0.32% or $0.05. The 52-week high for the GOLD share is $21.35, that puts it down -34.96 from that peak though still a striking 13.02% gain since the share price plummeted to a 52-week low of $13.76. The company’s market capitalization is $27.65B, and the average intraday trading volume over the past 10 days was 17.66 million shares, and the average trade volume was 20.89 million shares over the past three months.
Barrick Gold Corp (GOLD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.95. GOLD has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.43.
Barrick Gold Corp (NYSE:GOLD) trade information
Barrick Gold Corp (GOLD) registered a 0.32% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.32% in intraday trading to $15.82, hitting a weekly high. The stock’s 5-day price performance is -0.13%, and it has moved by 3.87% in 30 days. Based on these gigs, the overall price performance for the year is 1.48%. The short interest in Barrick Gold Corp (NYSE:GOLD) is 14.51 million shares and it means that shorts have 0.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $23.5, which implies an increase of 32.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $22 and $25 respectively. As a result, GOLD is trading at a discount of -58.03% off the target high and -39.06% off the low.
Barrick Gold Corp (GOLD) estimates and forecasts
Statistics show that Barrick Gold Corp has outperformed its competitors in share price, compared to the industry in which it operates. Barrick Gold Corp (GOLD) shares have gone down -14.81% during the last six months, with a year-to-date growth rate more than the industry average at 48.81% against 18.60. In the rating firms’ projections, revenue will increase 16.29% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.99B as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 3.67B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.06B and 2.75B respectively. In this case, analysts expect current quarter sales to grow by 30.42% and then jump by 33.69% in the coming quarter.
While earnings are projected to return 48.71% in 2025, the next five years will return 31.73% per annum.
GOLD Dividends
Barrick Gold Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Barrick Gold Corp is 0.40, with the dividend yield indicating at 2.53 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.2%.
Barrick Gold Corp (NYSE:GOLD)’s Major holders
Barrick Gold Corp insiders own 0.62% of total outstanding shares while institutional holders control 62.54%, with the float percentage being 62.92%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 1138.0 institutions own stock in it. As of 2024-06-30, the company held over 77.41 million shares (or 4.4086% of all shares), a total value of $1.29 billion in shares.
The next largest institutional holding, with 66.03 million shares, is of VANGUARD GROUP INC’s that is approximately 3.7601% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.1 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Barrick Gold Corp (GOLD) shares are VanEck ETF Trust-VanEck Gold Miners ETF and First Eagle Global Fund . Data provided on Nov 30, 2024 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 61.02 shares. This amounts to just over 3.53 percent of the company’s overall shares, with a $965.28 million market value. The same data shows that the other fund manager holds slightly less at 25.08, or about 1.45% of the stock, which is worth about $396.82 million.
