Barrick Gold Corp (NYSE:GOLD) shares, rose in value, with the stock price up by 0.54% to the previous day’s close as strong demand from buyers drove the stock to $18.56.
Actively observing the price movement in the recent trading, the stock is buoying the session at $18.46. The PE ratio was 15.16 over 12-month period. Referring to stock’s 52-week performance, its high was $21.35, and the low was $15.11. On the whole, GOLD has fluctuated by 11.26% over the past month.
With the market capitalization of Barrick Gold Corp currently standing at about $32.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 2.16%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.84B, with a low estimate of 3.01B and a high estimate of 3.21B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.13B.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.58, with the price of GOLD currently trading nearly 3.02% and 10.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.01, while the 7-day volatility ratio is showing 3.01% which for the 30-day chart, stands at 2.93%. Furthermore, Barrick Gold Corp (GOLD)’s beta value is 0.60, and its average true range (ATR) is 0.56.
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 0.54% in today’s session so far, and over the past year, it grew by 20.04%%.
Data on historical trading for Barrick Gold Corp (NYSE:GOLD) indicates that the trading volumes over the past 3 months, they’ve averaged 21.83 million. According to company’s latest data on outstanding shares, there are 1.73 billion shares outstanding.
Nearly 0.76% of Barrick Gold Corp’s shares belong to company insiders and institutional investors own 62.77% of the company’s shares. The stock has risen by 19.73% 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.
