Barrick Gold Corp. (NYSE:GOLD) shares, rose in value, with the stock price up by 2.09% to the previous day’s close as strong demand from buyers drove the stock to $20.07.
Actively observing the price movement in the last trading, the stock closed the session at $19.66, falling within a range of $19.6 and $20.0968. The value of beta (5-year monthly) was 0.48 whereas the PE ratio was 23.30 over 12-month period. Referring to stock’s 52-week performance, its high was $21.21, and the low was $13.76. On the whole, GOLD has fluctuated by 1.57% over the past month.
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With the market capitalization of Barrick Gold Corp. currently standing at about $35.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.99%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.12B, with a low estimate of 3.52B and a high estimate of 3.69B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.62B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOLD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.71, with the price of GOLD currently trading nearly -0.81% and 2.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.25, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 2.37%. Furthermore, Barrick Gold Corp. (GOLD)’s beta value is 0.55, and its average true range (ATR) is 0.51.
A comparison of Barrick Gold Corp. (GOLD) with its peers suggests the former has fared considerably weaker in the market. GOLD showed an intraday change of 2.09% in last session, and over the past year, it grew by 34.16%%.
Data on historical trading for Barrick Gold Corp. (NYSE:GOLD) indicates that the trading volumes over the past 10 days have averaged 17.85 and over the past 3 months, they’ve averaged 20.34 million. According to company’s latest data on outstanding shares, there are 1.76 billion shares outstanding.
Nearly 0.70% of Barrick Gold Corp.’s shares belong to company insiders and institutional investors own 62.89% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.13 million shares as on 2024-09-30, resulting in a short ratio of 0.6. The stock has risen by 10.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOLD stock heading into the next quarter.
