Is Barrick Gold Corp. (NYSE:GOLD) being unfairly punished by investors?

The price of Barrick Gold Corp. (NYSE:GOLD) shares last traded on Wall Street fell -1.15% to $16.29.

Based on available information, 24 analysts follow Barrick Gold Corp. (NYSE:GOLD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $11.29, we find $21.85. Given the previous closing price of $16.48, this indicates a potential upside of 32.58 percent. GOLD stock price is now 3.08% away from the 50-day moving average and -5.36% away from the 200-day moving average. The market capitalization of the company currently stands at $28.60B.

Among analysts, 7 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $21.14 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 6,596,101 shares of company stock worth roughly $107.45 million over the past 1 year. A total of 0.67% of the company’s stock is owned by insiders.

During the past 12 months, Barrick Gold Corp. has had a low of $13.53 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 3.07, and a quick ratio of 2.28. According to the stock market information, the enterprise value for the company is $29.21B, which is based on a 479.12 price-to-earnings ratio, a 71.51 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for GOLD is $15.80 and a two-hundred day moving average price translates $17.21 for the stock.

The latest earnings results from Barrick Gold Corp. (NYSE: GOLD) was released for Sep, 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 $0.23 EPS in the same period last year. The net profit margin was 0.52% and return on equity was 0.25% for GOLD. The company reported revenue of $2.86 billion for the quarter, compared to $2.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.26 percent. For the current quarter, analysts expect GOLD to generate $2.95B in revenue.

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.

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