Barrick Gold Corp. (NYSE: GOLD) has a higher price-to-earnings ratio of 24.65x compared to its average ratio, The 36-month beta value for GOLD is at 0.58. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GOLD is 1.74B, and currently, shorts hold a 0.72% of that float. The average trading volume for GOLD on April 15, 2024 was 22.42M shares.
GOLD) stock’s latest price update
Barrick Gold Corp. (NYSE: GOLD) has seen a decline in its stock price by -1.00 in relation to its previous close of 18.04. InvestorPlace reported 2024-04-14 that Initially, the March jobs report seemingly boded well for the economy, thus negating the urgency tied to recession-resistant stocks. However, the latest consumer price index ( CPI ) reading suggested that not all may be well, forcing a portfolio reassessment.
GOLD’s Market Performance
Barrick Gold Corp. (GOLD) has experienced a 0.00% fall in stock performance for the past week, with a 11.76% rise in the past month, and a 4.14% rise in the past quarter. The volatility ratio for the week is 3.62%, and the volatility levels for the past 30 days are at 2.76% for GOLD. The simple moving average for the past 20 days is 7.68% for GOLD’s stock, with a 10.04% 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 14.05% 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 2.76%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares surge +13.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.49% upper at present.
During the last 5 trading sessions, GOLD remain unchanged, which changed the moving average for the period of 200-days by +7.20% in comparison to the 20-day moving average, which settled at $16.69. 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 had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
