Barrick Gold Corporation (NYSE: GOLD) is -11.76% lower on its value in year-to-date trading and has touched a low of $12.65 and a high of $31.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GOLD stock was last observed hovering at around $20.16 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $32.00 for the next 12 months. It is also 71.27% off the consensus price target high of $69.96 offered by 24 analysts, but current levels are 4.29% higher than the price target low of $21.00 for the same period.
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Currently trading at $20.10, the stock is -7.92% and -11.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.77 million and changing -0.30% at the moment leaves the stock -22.31% off its SMA200. GOLD registered -5.41% loss for a year compared to 6-month loss of -30.62%. The firm has a 50-day simple moving average (SMA 50) of $22.58 and a 200-day simple moving average (SMA200) of $25.60.
The stock witnessed a -14.25% gain in the last 1 month and extending the period to 3 months gives it a -17.22%, and is -3.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.54% over the week and 2.75% over the month.
Barrick Gold Corporation (GOLD) has around 22500 employees, a market worth around $36.58B and $12.60B in sales. Current P/E ratio is 15.38 and Fwd P/E is 15.07. Profit margin for the company is 18.50%. Distance from 52-week low is 58.89% and -35.62% from its 52-week high. The company has generated returns on investments over the last 12 months (13.70%).
Barrick Gold Corporation (GOLD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Barrick Gold Corporation (GOLD) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 3 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Barrick Gold Corporation is expected to release its quarterly report on 04/26/2021 and quarterly earnings per share for the current quarter are estimated at $0.31 with sales reaching $3.24B over the same period.The EPS is expected to shrink by -42.10% this year, but quarterly earnings will post 3.60% year-over-year. Quarterly sales are estimated to grow 18.90% in year-over-year returns.
Barrick Gold Corporation (GOLD) Top Institutional Holders
1,107 institutions hold shares in Barrick Gold Corporation (GOLD), with 9.5M shares held by insiders accounting for 0.53% while institutional investors hold 66.41% of the company’s shares. The shares outstanding are 1.78B, and float is at 1.77B with Short Float at 0.61%. Institutions hold 66.05% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 84.31 million shares valued at $1.92 billion. The investor’s holdings represent 4.74% of the GOLD Shares outstanding. As of Dec 30, 2020, the second largest holder is FMR, LLC with 68.78 million shares valued at $1.57 billion to account for 3.87% of the shares outstanding. The other top investors are Flossbach von Storch AG which holds 53.75 million shares representing 3.02% and valued at over $1.22 billion, while Vanguard Group, Inc. (The) holds 2.89% of the shares totaling 51.36 million with a market value of $1.17 billion.
Barrick Gold Corporation (GOLD): Who are the competitors?
The company’s main competitors (and peers) include Agnico Eagle Mines Limited (AEM) that is trading 18.68% up over the past 12 months. Alamos Gold Inc. (AGI) is 17.91% up on the 1-year trading charts. Short interest in the company’s stock has fallen -20.28% from the last report on Dec 30, 2020 to stand at a total of 12.93 million short shares sold with a short interest ratio of 0.52.