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Will Barrick Gold Corp. (GOLD) benefit from Wall Street bulls Calls?

Barrick Gold Corp. (NYSE: GOLD) is -6.80% lower on its value in year-to-date trading and has touched a low of $13.76 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 $16.64 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $16.86, the stock is 7.34% and 10.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 28.97 million and changing 1.32% at the moment leaves the stock 4.20% off its SMA200. GOLD registered -9.06% loss for a year compared to 6-month gain of 15.80%. The firm has a 50-day simple moving average (SMA 50) of $2.65 and a 200-day simple moving average (SMA200) of $5.80.

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The stock witnessed a 15.01% loss in the last 1 month and extending the period to 3 months gives it a -6.80%, and is 8.63% 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 2.64% over the week and 2.33% over the month.

Current P/E ratio is 23.27 and Fwd P/E is 14.73. Profit margin for the company is 11.18%. Distance from 52-week low is 22.53% and -18.75% from its 52-week high. The company has generated returns on investments over the last 12 months (4.53%).

Barrick Gold Corp. quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $2.82B over the same period.The EPS is expected to grow by 14.36% this year, but quarterly earnings will post 7.20% year-over-year. Quarterly sales are estimated to grow 6.80% in year-over-year returns.

Barrick Gold Corp. (GOLD) Top Institutional Holders

1,152 institutions hold shares in Barrick Gold Corp. (GOLD), with institutional investors hold 65.00% of the company’s shares. The shares outstanding are 1.76B, and float is at 1.74B with Short Float at 0.76%. Institutions hold 64.60% 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.

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