Barrick Gold Corporation (NYSE: GOLD) is -0.64% lower on its value in year-to-date trading and has touched a low of $12.97 and a high of $25.62 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 $17.02 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $20.75 for the next 12 months. It is also 41.14% off the consensus price target high of $29.00 offered by 25 analysts, but current levels are 5.38% higher than the price target low of $18.04 for the same period.
Currently trading at $17.07, the stock is 3.78% and -4.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.08 million and changing 0.29% at the moment leaves the stock 1.76% off its SMA200. GOLD registered -28.87% loss for a year compared to 6-month gain of 7.30%.
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The stock witnessed a -4.80% loss in the last 1 month and extending the period to 3 months gives it a 2.96%, and is 8.24% up 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 2.71% over the week and 2.22% over the month.
Barrick Gold Corporation (GOLD) has around 21300 employees, a market worth around $29.43B and $11.01B in sales. Current P/E ratio is 71.42 and Fwd P/E is 16.74. Profit margin for the company is 3.90%. Distance from 52-week low is 31.63% and -33.36% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).
Barrick Gold Corporation (GOLD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Barrick Gold Corporation (GOLD) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 2 think it is a “Overweight”. 13 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 -78.50% this year.
Barrick Gold Corporation (GOLD) Top Institutional Holders
The shares outstanding are 1.76B, and float is at 1.76B with Short Float at 3.26%.
Barrick Gold Corporation (GOLD): Who are the competitors?
The company’s main competitors (and peers) include Agnico Eagle Mines Limited (AEM) that is trading -22.05% down over the past 12 months and Yamana Gold Inc. (AUY) that is 0.54% higher over the same period. Alamos Gold Inc. (AGI) is 22.94% up on the 1-year trading charts.