In the latest trading session, 3.6 million Barrick Gold Corp (NYSE:GOLD) shares changed hands as the company’s beta touched 0.59. With the company’s most recent per share price at $17.09 changing hands around $0.41 or 2.49% at last look, the market valuation stands at $29.88B. GOLD’s current price is a discount, trading about -24.93% 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 19.49% up since then. When we look at Barrick Gold Corp’s average trading volume, we note the 10-day average is 22.05 million shares, with the 3-month average coming to 20.76 million.
Analysts gave the Barrick Gold Corp (GOLD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.05. 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 0.41.
Barrick Gold Corp (NYSE:GOLD) trade information
Instantly GOLD is in green as seen in intraday trades today. With action 7.11%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 10.29%, with the 5-day performance at 7.11% in the green. However, in the 30-day time frame, Barrick Gold Corp (NYSE:GOLD) is 7.92% up. Looking at the short shares, we see there were 19.57 million shares sold at short interest cover period of 0.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23.5, meaning bulls need an upside of 27.28% from its recent market value. According to analyst projections, GOLD’s forecast low is 22 with 25 as the target high. To hit the forecast high, the stock’s price needs a -46.28% plunge from its current level, while the stock would need to soar -28.73% 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 -0.49% over the past 6 months, a 48.81% in annual growth rate that is considerably higher than the industry average of 17.90%. Year-over-year growth is forecast to reach 15.95% 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 3.98B. 4 analysts are of the opinion that Barrick Gold Corp’s revenue for the current quarter will be 3.55B. The company’s revenue for the corresponding quarters a year ago was 3.06B and 2.75B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 30.05%. The estimates for the next quarter sales put growth at 29.20%.
The 2025 estimates are for Barrick Gold Corp earnings to increase by 46.76%, but the outlook for the next 5-year period is at 26.36% per year.
GOLD Dividends
Barrick Gold Corp is expected to release its next quarterly earnings report in March. The 2.34% annual yield figure for the share gives it an annual dividend of 0.40. It is important to note, however, that the 2.34% 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 2.23 per year.
Barrick Gold Corp (NYSE:GOLD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.62% of Barrick Gold Corp shares while 61.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.15%. There are 61.77% 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.
Among Mutual Funds, the top two as of Nov 30, 2024 were VanEck ETF Trust-VanEck Gold Miners ETF and First Eagle Global Fund. With 61.02 shares estimated at $1.04 billion under it, the former controlled 3.53% of total outstanding shares. On the other hand, First Eagle Global Fund held about 1.45% of the shares, roughly 25.08 shares worth around $428.8 million.
