In the latest trading session, 5.31 million Barrick Gold Corp (NYSE:GOLD) shares changed hands as the company’s beta touched 0.57. With the company’s most recent per share price at $18.21 changing hands around $0.14 or 0.77% at last look, the market valuation stands at $31.45B. GOLD’s current price is a discount, trading about -17.24% off its 52-week high of $21.35. The share price had its 52-week low at $14.27, which suggests the last value was 21.64% up since then.
Analysts gave the Barrick Gold Corp (GOLD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. 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 0.26.
Barrick Gold Corp (NYSE:GOLD) trade information
Instantly GOLD is in green as seen in intraday trades today. With action -3.04%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 17.48%, with the 5-day performance at -3.04% in the red. However, in the 30-day time frame, Barrick Gold Corp (NYSE:GOLD) is 13.39% up.
The consensus price target for the stock as assigned by Wall Street analysts is 23.5, meaning bulls need an upside of 22.51% 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 -37.29% plunge from its current level, while the stock would need to soar -20.81% for it to hit the projected low.
Barrick Gold Corp (GOLD) estimates and forecasts
Year-over-year growth is forecast to reach 6.90% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 3.13B. 3 analysts are of the opinion that Barrick Gold Corp’s revenue for the current quarter will be 3.64B. The company’s revenue for the corresponding quarters a year ago was 2.75B and 3.16B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.84%. The estimates for the next quarter sales put growth at 15.24%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -11.52%. The 2025 estimates are for Barrick Gold Corp earnings to increase by 25.29%, but the outlook for the next 5-year period is at 9.69% per year.
GOLD Dividends
Barrick Gold Corp is expected to release its next quarterly earnings report in March. The 2.20% annual yield figure for the share gives it an annual dividend of 0.40. It is important to note, however, that the 2.20% 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.
Barrick Gold Corp (NYSE:GOLD)’s Major holders
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 $1.12 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 $459.15 million.
