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Barrick Gold Corporation (GOLD) – The 10.97% Upside Potential Remains

Barrick Gold Corporation (NYSE: GOLD) is 11.93% higher on its value in year-to-date trading and has touched a low of $12.97 and a high of $25.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GOLD stock was last observed hovering at around $18.97 in the last trading session, with the day’s gains setting it 0.26% off its average median price target of $21.60 for the next 12 months. It is also 23.08% off the consensus price target high of $25.00 offered by 24 analysts, but current levels are -20.19% lower than the price target low of $16.00 for the same period.

Currently trading at $19.23, the stock is 4.62% and 12.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.01 million and changing 1.37% at the moment leaves the stock 9.03% off its SMA200. GOLD registered -2.01% loss for a year compared to 6-month gain of 26.67%.

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The stock witnessed a 11.28% loss in the last 1 month and extending the period to 3 months gives it a 32.96%, and is -2.09% 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 3.31% over the week and 2.83% over the month.

Barrick Gold Corporation (GOLD) has around 21300 employees, a market worth around $33.43B and $11.55B in sales. Current P/E ratio is 18.06 and Fwd P/E is 24.07. Profit margin for the company is 16.40%. Distance from 52-week low is 48.29% and -25.16% from its 52-week high. The company has generated returns on investments over the last 12 months (12.40%).

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 2.10, where 8 rate it as a Hold and 2 think it is a “Overweight”. 14 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 05/10/2023.The EPS is expected to shrink by -13.00% this year.

Barrick Gold Corporation (GOLD) Top Institutional Holders

The shares outstanding are 1.77B, and float is at 1.75B with Short Float at 1.27%.

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

The company’s main competitors (and peers) include Agnico Eagle Mines Limited (AEM) that is trading 7.68% up over the past 12 months and Yamana Gold Inc. (AUY) that is 40.37% higher over the same period. Alamos Gold Inc. (AGI) is 55.49% up on the 1-year trading charts.

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