In yesterday’s Wall Street session, Barrick Gold Corp. (NYSE:GOLD) shares traded at $14.85, up 1.85% from the previous session.
24 analysts cover Barrick Gold Corp. (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 $31.00 and a low of $14.36, we find $22.22. Given the previous closing price of $14.58, this indicates a potential upside of 52.4 percent. GOLD stock price is now -6.72% away from the 50-day moving average and -14.84% away from the 200-day moving average. The market capitalization of the company currently stands at $26.07B.
The stock has received a hold rating from 6 analysts and a buy rating from 13. Brokers who have rated the stock have averaged $22.05 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 Corp. (NYSE: GOLD).
Insiders disposed of 7,096,101 shares of company stock worth roughly $105.38 million over the past 1 year. A total of 0.67% 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 Corp. shares was purchased by KOPERNIK GLOBAL INVESTORS, LLC during the first quarter worth $65,728,000. NAN SHAN LIFE INSURANCE CO., LTD. invested $21,527,000 in shares of GOLD during the first quarter. In the first quarter, CHIRON INVESTMENT MANAGEMENT, LLC acquired a new stake in Barrick Gold Corp. valued at approximately $16,759,000. STATE OF TENNESSEE, TREASURY DEPARTMENT acquired a new stake in GOLD for approximately $14,950,000. GTS SECURITIES LLC purchased a new stake in GOLD valued at around $9,467,000 in the second quarter. In total, there are 1,195 active investors with 65.66% ownership of the company’s stock.
On Monday morning Barrick Gold Corp. (NYSE: GOLD) stock kicked off with the opening price of $14.88. During the past 12 months, Barrick Gold Corp. 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 3.25, and a quick ratio of 2.42. The fifty day moving average price for GOLD is $15.88 and a two-hundred day moving average price translates $17.42 for the stock.
The latest earnings results from Barrick Gold Corp. (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 -0.64% and return on equity was -0.29% 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 $3.19B 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 $0.41 dividend and a 2.73% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend. In terms of dividend payout ratio, GOLD is presently at 188.40%.
Barrick Gold Corp.(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.
