In yesterday’s Wall Street session, Barrick Gold Corporation (NYSE:GOLD) shares traded at $15.71, up 0.64% from the previous session.
23 analysts cover Barrick Gold Corporation (NYSE:GOLD), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $29.00 and a low of $17.20, we find $22.19. Given the previous closing price of $15.61, this indicates a potential upside of 42.15 percent. GOLD stock price is now -6.26% away from the 50-day moving average and -10.19% away from the 200-day moving average. The market capitalization of the company currently stands at $27.66B.
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The stock has received a hold rating from 7 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $22.62 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).
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 KOPERNIK GLOBAL INVESTORS, LLC during the first quarter worth $69,534,000. PORTSIDE WEALTH GROUP, LLC invested $35,838,000 in shares of GOLD during the first quarter. In the first quarter, NAN SHAN LIFE INSURANCE CO., LTD. acquired a new stake in Barrick Gold Corporation valued at approximately $22,773,000. CHIRON INVESTMENT MANAGEMENT, LLC acquired a new stake in GOLD for approximately $17,730,000. STATE OF TENNESSEE, TREASURY DEPARTMENT purchased a new stake in GOLD valued at around $15,816,000 in the second quarter. In total, there are 1,195 active investors with 63.30% ownership of the company’s stock.
On Monday morning Barrick Gold Corporation (NYSE: GOLD) stock kicked off with the opening price of $15.68. During the past 12 months, Barrick Gold Corporation has had a low of $12.97 and a high of $20.75. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 3.20, and a quick ratio of 2.40. The fifty day moving average price for GOLD is $16.76 and a two-hundred day moving average price translates $17.50 for the stock.
The latest earnings results from Barrick Gold Corporation (NYSE: GOLD) was released for Jun, 2023. According to the Gold Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.18 by 0.01. This compares to $0.40 EPS in the same period last year. The net profit margin was -0.60% and return on equity was -0.30% for GOLD. The company reported revenue of $2.83 billion for the quarter, compared to $2.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.91 percent. For the current quarter, analysts expect GOLD to generate $3.27B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 08/31/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 2.55% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend.
