Barrick Gold Corp. (GOLD) Is Now En Route to Higher Prices

Barrick Gold Corp. (NYSE: GOLD) is -18.91% lower on its value in year-to-date trading and has touched a low of $13.82 and a high of $20.75 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 $14.82 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $14.67, the stock is -6.53% and -12.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.19 million and changing -1.01% at the moment leaves the stock -12.21% off its SMA200. GOLD registered -20.01% loss for a year compared to 6-month gain of -11.94%. The firm has a 50-day simple moving average (SMA 50) of $2.36 and a 200-day simple moving average (SMA200) of $7.42.

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The stock witnessed a -15.40% loss in the last 1 month and extending the period to 3 months gives it a -3.30%, and is -4.80% 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 1.44% over the week and 2.46% over the month.

Barrick Gold Corp. (GOLD) has around Nov 29 2023 employees, a market worth around $25.75B and $11.09B in sales. Current P/E ratio is 431.47 and Fwd P/E is 13.76. Profit margin for the company is 0.52%. Distance from 52-week low is 6.15% and -29.30% from its 52-week high. The company has generated returns on investments over the last 12 months (0.21%).

Barrick Gold Corp. quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $3.15B over the same period.The EPS is expected to grow by 4.76% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to grow 13.70% in year-over-year returns.

Barrick Gold Corp. (GOLD) Top Institutional Holders

1,156 institutions hold shares in Barrick Gold Corp. (GOLD), with institutional investors hold 62.76% of the company’s shares. The shares outstanding are 1.76B, and float is at 1.74B with Short Float at 0.71%. Institutions hold 62.38% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 75.22 million shares valued at $1.27 billion. The investor’s holdings represent 4.28% of the GOLD Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 61.61 million shares valued at $1.04 billion to account for 3.51% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 47.07 million shares representing 2.68% and valued at over $796.83 million, while Capital World Investors holds 2.58% of the shares totaling 45.24 million with a market value of $765.93 million.

Barrick Gold Corp. (GOLD) Insider Activity

A total of 1 insider transactions have happened at Barrick Gold Corp. (GOLD) in the last six months, with sales accounting for 0 and purchases happening 1 times.

Barrick Gold Corp. (GOLD): Who are the competitors?

The company’s main competitors (and peers) include Agnico Eagle Mines Ltd. (AEM) that is trading -9.07% down over the past 12 months. Alamos Gold Inc. (AGI) that is 13.49% higher over the same period.