Barrick Gold Corp (GOLD) down -4.92% since start of the year

Barrick Gold Corp (NYSE: GOLD) is -4.92% lower on its value in year-to-date trading and has touched a low of $13.76 and a high of $21.35 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 $16.65 in the last trading session, with the day’s gains setting it 0.55%.

Currently trading at $17.20, the stock is -8.41% and -12.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 30.89 million and changing 3.30% at the moment leaves the stock -2.94% off its SMA200. GOLD registered 8.31% gain for a year compared to 6-month gain of -4.02%. The firm has a 50-day simple moving average (SMA 50) of $19.691 and a 200-day simple moving average (SMA200) of $17.71135.

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The stock witnessed a -17.78% loss in the last 1 month and extending the period to 3 months gives it a -15.73%, and is -1.15% 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 2.39% over the week and 2.60% over the month.

Barrick Gold Corp (GOLD) has around 24600 employees, a market worth around $41.86B and $12.29B in sales. Current P/E ratio is 18.55 and Fwd P/E is 9.27. Profit margin for the company is 13.24%. Distance from 52-week low is 25.00% and -19.44% from its 52-week high. The company has generated returns on investments over the last 12 months (5.70%).

with sales reaching $4.34B over the same period.The EPS is expected to grow by 52.21% this year, but quarterly earnings will post 13.23% year-over-year. Quarterly sales are estimated to grow 41.73% in year-over-year returns.

Barrick Gold Corp (GOLD) Top Institutional Holders

1162.0 institutions hold shares in Barrick Gold Corp (GOLD), with institutional investors hold 62.05% of the company’s shares. The shares outstanding are 1.76B, and float is at 1.74B with Short Float at 0.64%. Institutions hold 61.68% of the Float.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 77.41 million shares valued at $1.29 billion. The investor’s holdings represent 4.4086% of the GOLD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 66.03 million shares valued at $1.1 billion to account for 3.7601 of the shares outstanding. The other top investors are FIRST EAGLE INVESTMENT MANAGEMENT, LLC which holds 57.03 million shares representing 3.248% and valued at over $951.33 million, while WELLINGTON MANAGEMENT GROUP LLP holds 3.0327 of the shares totaling 53.25 million with a market value of $888.26 million.