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.
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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.
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.