Barrick Gold Corp (NYSE: GOLD) is -2.27% 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 $18.22 in the last trading session, with the day’s loss setting it -0.54%.
Currently trading at $17.68, the stock is -2.68% and -8.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.9 million and changing -2.96% at the moment leaves the stock -0.65% off its SMA200. GOLD registered 8.93% gain for a year compared to 6-month gain of 1.38%. The firm has a 50-day simple moving average (SMA 50) of $19.4728 and a 200-day simple moving average (SMA200) of $17.7803.
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The stock witnessed a -9.84% loss in the last 1 month and extending the period to 3 months gives it a -13.55%, and is 2.79% 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 2.02% over the week and 2.37% over the month.
Barrick Gold Corp (GOLD) has around 24600 employees, a market worth around $43.48B and $12.29B in sales. Current P/E ratio is 19.07 and Fwd P/E is 9.78. Profit margin for the company is 13.24%. Distance from 52-week low is 28.49% and -17.19% from its 52-week high. The company has generated returns on investments over the last 12 months (5.70%).
The EPS is expected to grow by 51.50% this year.
Barrick Gold Corp (GOLD) Top Institutional Holders
1165.0 institutions hold shares in Barrick Gold Corp (GOLD), with institutional investors hold 62.25% 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 61.88% 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.
Barrick Gold Corp (GOLD) Insider Activity
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