Barrick Gold Corporation (NYSE:GOLD) shares traded -1.39% lower at $15.57 on Wall Street last session.
GOLD stock price is now 2.40% away from the 50-day moving average and -17.32% away from the 200-day moving average. The market capitalization of the company currently stands at $27.49B.
With the price target of $18, Goldman recently initiated with Neutral rating for Barrick Gold Corporation (NYSE: GOLD)., while ‘National Bank Financial’ rates the stock as ‘Sector Perform’.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GOLD stock. A new stake in Barrick Gold Corporation shares was purchased by MAJ INVEST HOLDING A/S during the first quarter worth $176,660,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC invested $23,363,000 in shares of GOLD during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in Barrick Gold Corporation valued at approximately $17,414,000. AARON WEALTH ADVISORS LLC acquired a new stake in GOLD for approximately $12,469,000. RANDOLPH CO INC purchased a new stake in GOLD valued at around $12,354,000 in the second quarter. In total, there are 1,175 active investors with 64.70% ownership of the company’s stock.
Barrick Gold Corporation (NYSE: GOLD) opened at $15.45 on Thursday. During the past 12 months, Barrick Gold Corporation has had a low of $13.01 and a high of $25.78. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 3.80, and a quick ratio of 3.00. The fifty day moving average price for GOLD is $15.20 and a two-hundred day moving average price translates $18.97 for the stock.
The latest earnings results from Barrick Gold Corporation (NYSE: GOLD) was released for Jun, 2022. According to the Gold Company, earnings per share came in at $0.29, beating analysts’ expectations of $0.26 by 0.03. This compares to $0.34 EPS in the same period last year. The net profit margin was 16.40% and return on equity was 7.90% for GOLD. The company reported revenue of $2.53 billion for the quarter, compared to $2.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.58 percent. For the current quarter, analysts expect GOLD to generate $3.18B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2022. Investors who held shares on 08/31/2022 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 2.57% percent yield. There was an ex-dividend date of 08/30/2022 for this dividend. In terms of dividend payout ratio, GOLD is presently at 50.70%.
Barrick Gold Corporation(GOLD) Company Profile
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.