Barrick Gold Corp. (NYSE: GOLD)’s stock price has plunge by 2.70relation to previous closing price of 17.39. Nevertheless, the company has seen a 7.33% surge in its stock price over the last five trading sessions. MarketBeat reported 2024-04-04 that Gold has reached new all-time highs, defying expectations amidst a robust U.S. economy and soaring stock markets. Its rally seems unstoppable, with gold trading at around $2,300 per ounce, marking an 11% increase year-to-date and a staggering 16% gain over the past 12 months.
Is It Worth Investing in Barrick Gold Corp. (NYSE: GOLD) Right Now?
Barrick Gold Corp. (NYSE: GOLD) has a price-to-earnings ratio of 24.65x that is above its average ratio. Additionally, the 36-month beta value for GOLD is 0.58. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for GOLD is 1.74B and currently, short sellers hold a 0.76% ratio of that float. The average trading volume of GOLD on April 08, 2024 was 21.22M shares.
GOLD’s Market Performance
GOLD’s stock has seen a 7.33% increase for the week, with a 13.69% rise in the past month and a 2.94% gain in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.32% for Barrick Gold Corp. The simple moving average for the past 20 days is 11.16% for GOLD’s stock, with a 10.31% simple moving average for the past 200 days.
Analysts’ Opinion of GOLD
Many brokerage firms have already submitted their reports for GOLD stocks, with Jefferies repeating the rating for GOLD by listing it as a “Buy.” The predicted price for GOLD in the upcoming period, according to Jefferies is $21 based on the research report published on February 29, 2024 of the current year 2024.
GOLD Trading at 15.75% 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 -13.93% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +12.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.00% upper at present.
During the last 5 trading sessions, GOLD rose by +7.33%, which changed the moving average for the period of 200-days by +11.28% in comparison to the 20-day moving average, which settled at $16.17. In addition, Barrick Gold Corp. saw -1.27% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GOLD
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.3 for the gross margin
The net margin for Barrick Gold Corp. stands at 0.11. The total capital return value is set at 0.06. Equity return is now at value 5.52, with 2.77 for asset returns.
Based on Barrick Gold Corp. (GOLD), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 7.17.
Currently, EBITDA for the company is 4.85 billion with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 9.72for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.16.
Conclusion
In conclusion, Barrick Gold Corp. (GOLD) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
