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Is There a Dimmer Outlook Ahead for Barrick Gold Corporation (GOLD)?

Barrick Gold Corporation (NYSE:GOLD) went up by 1.34% from its latest closing price compared to the recent 1-year high of $25.70. The company’s stock price has collected -2.37% of loss in the last five trading sessions. The Wall Street Journal reported on 03/01/22 that Novavax, Lucid, Zoom Video, AMC, Target: What to Watch in the Stock Market Today

Is It Worth Investing in Barrick Gold Corporation (NYSE :GOLD) Right Now?

Barrick Gold Corporation (NYSE:GOLD) scored a price-to-earnings ratio above its average ratio, recording 17.81 x from its present earnings ratio. Plus, the 36-month beta value for GOLD is at 0.30. Opinions of the stock are interesting as 14 analysts out of 24 who provided ratings for Barrick Gold Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $21.12, which is $2.08 above the current price. GOLD currently public float of 1.75B and currently shorts hold a 1.27% ratio of that float. Today, the average trading volume of GOLD was 20.01M shares.

GOLD’s Market Performance

GOLD stocks went down by -2.37% for the week, with a monthly jump of 14.62% and a quarterly performance of 31.71%, while its annual performance rate touched -4.58%. The volatility ratio for the week stands at 3.05% while the volatility levels for the past 30 days are set at 2.84% for Barrick Gold Corporation. The simple moving average for the period of the last 20 days is 3.69% for GOLD stocks with a simple moving average of 7.39% for the last 200 days.

Analysts’ Opinion of GOLD

Many brokerage firms have already submitted their reports for GOLD stocks, with Goldman repeating the rating for GOLD by listing it as a “Neutral.” The predicted price for GOLD in the upcoming period, according to Goldman is $18 based on the research report published on September 12th of the previous year 2022.

GOLD Trading at 11.20% from the 50-Day Moving Average

After a stumble in the market that brought GOLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.17% of loss for the given period.

Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +9.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.20% upper at present.

During the last 5 trading sessions, GOLD fell by -2.37%, which changed the moving average for the period of 200-days by -23.69% in comparison to the 20-day moving average, which settled at $18.38. In addition, Barrick Gold Corporation saw 10.42% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for GOLD

Current profitability levels for the company are sitting at:

  • +35.96 for the present operating margin
  • +37.66 for the gross margin

The net margin for Barrick Gold Corporation stands at +16.94. Equity return is now at value 7.90, with 4.00 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.95.