Home  »  Markets   »  Why Barrick Gold Corporation (GOLD) Stock Could Se...

Why Barrick Gold Corporation (GOLD) Stock Could See Much Higher Prices Ahead

Barrick Gold Corporation (NYSE: GOLD) is -11.50% lower on its value in year-to-date trading and has touched a low of $18.26 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 $20.00 in the last trading session, with the day’s gains setting it 0.16% off its average median price target of $31.50 for the next 12 months. It is also 71.18% off the consensus price target high of $69.96 offered by 24 analysts, but current levels are 4.0% higher than the price target low of $21.00 for the same period.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $20.16, the stock is 0.02% and -5.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.29 million and changing 0.80% at the moment leaves the stock -20.18% off its SMA200. GOLD registered 4.78% gain for a year compared to 6-month loss of -27.22%. The firm has a 50-day simple moving average (SMA 50) of $20.48 and a 200-day simple moving average (SMA200) of $24.14.

The stock witnessed a 7.98% gain in the last 1 month and extending the period to 3 months gives it a -11.97%, and is -2.23% 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 2.51% over the week and 2.71% over the month.

Barrick Gold Corporation (GOLD) has around 22500 employees, a market worth around $35.33B and $12.60B in sales. Current P/E ratio is 15.42 and Fwd P/E is 15.44. Profit margin for the company is 18.50%. Distance from 52-week low is 10.41% and -35.43% 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 $0.29 with sales reaching $3.2B over the same period.The EPS is expected to shrink by -42.10% this year, but quarterly earnings will post 1.90% year-over-year. Quarterly sales are estimated to grow 17.70% 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 1.07%. 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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Barrick Gold Corporation (GOLD): Who are the competitors?

The company’s main competitors (and peers) include Agnico Eagle Mines Limited (AEM) that is trading 52.15% up over the past 12 months and Yamana Gold Inc. (AUY) that is 50.17% higher over the same period. Alamos Gold Inc. (AGI) is 48.87% up on the 1-year trading charts. Short interest in the company’s stock has risen 44.64% from the last report on Feb 11, 2021 to stand at a total of 10.49 million short shares sold with a short interest ratio of 0.81.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

Hot Penny Stocks to Watch Today

The Covid-19 pandemic has made the biggest impact on blue chips and under $1 stocks (penny stocks), as is typical of the general business environment.




Download Free eBook For

100% free. stop anytime no spam