Stocks of Barrick Gold Corp. (NYSE:GOLD) traded higher last session on Wall Street, up 2.09% to $16.57.
According to the data, Barrick Gold Corp. (NYSE:GOLD) has 23 analysts covering its stock. 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 $15.00, we find $21.74. Given the previous closing price of $16.23, this indicates a potential upside of 33.95 percent. GOLD stock price is now 5.49% away from the 50-day moving average and -2.36% away from the 200-day moving average. The market capitalization of the company currently stands at $29.10B.
A total of 6 analysts have issued a hold rating and 13 have given it a buy rating. Brokers who have rated the stock have averaged $21.17 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 6,585,115 shares of company stock worth roughly $109.12 million over the past 1 year. A total of 0.68% of the company’s stock is owned by insiders.
Monday’s opening bell rang with an opening price of $16.51 for Barrick Gold Corp. (NYSE: GOLD). During the past 12 months, Barrick Gold Corp. has had a low of $13.82 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 $28.77B, which is based on a 487.35 price-to-earnings ratio, a 72.74 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for GOLD is $15.71 and a two-hundred day moving average price translates $16.96 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 $0.24, beating analysts’ expectations of $0.2 by 0.04. 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 $3.08B in revenue.
