The stock of Barrick Gold Corporation (NYSE:GOLD) last traded at $17.81, down -3.36% from the previous session.
Data from the available sources indicates that Barrick Gold Corporation (NYSE:GOLD) is covered by 26 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $17.80, we find $22.91. Given the previous closing price of $18.43, this indicates a potential upside of 24.31 percent. GOLD stock price is now -5.18% away from the 50-day moving average and 4.70% away from the 200-day moving average. The market capitalization of the company currently stands at $31.02B.
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In total, 9 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $22.84 as their price target over the next twelve months.
With the price target maintained at $19, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Barrick Gold Corporation (NYSE: GOLD). On September 12, 2022, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $18, while ‘Bernstein’ rates the stock as ‘Mkt 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 CANOE FINANCIAL LP during the first quarter worth $90,681,000. PERPETUAL LTD invested $74,967,000 in shares of GOLD during the first quarter. In the first quarter, EDGEPOINT INVESTMENT GROUP INC. acquired a new stake in Barrick Gold Corporation valued at approximately $63,291,000. PRICE T ROWE ASSOCIATES INC /MD/ acquired a new stake in GOLD for approximately $51,047,000. LIONTRUST INVESTMENT PARTNERS LLP purchased a new stake in GOLD valued at around $29,985,000 in the second quarter.
With an opening price of $18.06 on Thursday morning, Barrick Gold Corporation (NYSE: GOLD) set off the trading day. During the past 12 months, Barrick Gold Corporation has had a low of $12.97 and a high of $21.09. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 2.70, and a quick ratio of 2.10. According to the stock market information, the enterprise value for the company is $35.99B, which is based on a 291.97 price-to-earnings ratio, a 43.58 price-to-earnings-growth ratio, and a beta of 0.35. The fifty day moving average price for GOLD is $18.83 and a two-hundred day moving average price translates $17.05 for the stock.
The latest earnings results from Barrick Gold Corporation (NYSE: GOLD) was released for Mar, 2023. According to the Gold Company, earnings per share came in at $0.14, beating analysts’ expectations of $0.11 by 0.03. This compares to $0.65 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 0.50% for GOLD. The company reported revenue of $2.77 billion for the quarter, compared to $3.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.19 percent. For the current quarter, analysts expect GOLD to generate $2.94B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/31/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 2.25% percent yield. There was an ex-dividend date of 05/30/2023 for this dividend. In terms of dividend payout ratio, GOLD is presently at 264.58%.
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, the 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, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.
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