The stock of Barrick Gold Corp. (GOLD) has gone down by -3.75% for the week, with a -6.66% drop in the past month and a 9.89% rise in the past quarter. The volatility ratio for the week is 2.71%, and the volatility levels for the past 30 days are 3.08% for GOLD. The simple moving average for the last 20 days is -2.31% for GOLD stock, with a simple moving average of 2.76% for the last 200 days.
Is It Worth Investing in Barrick Gold Corp. (NYSE: GOLD) Right Now?
Barrick Gold Corp. (NYSE: GOLD) has a higher price-to-earnings ratio of 20.22x compared to its average ratio, The 36-month beta value for GOLD is at 0.59. 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 0.90% of that float. The average trading volume for GOLD on May 07, 2024 was 24.68M shares.
GOLD) stock’s latest price update
The stock price of Barrick Gold Corp. (NYSE: GOLD) has surged by 1.28 when compared to previous closing price of 16.46, but the company has seen a -3.75% decline in its stock price over the last five trading sessions. Schaeffers Research reported 2024-05-02 that Uncertainty surrounding the Federal Reserve’s rate cut schedule has investors stuck in a holding pattern until more data defines the country’s fiscal path.
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 2.27% 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 -19.66% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares sank -5.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.09% upper at present.
During the last 5 trading sessions, GOLD fell by -3.75%, which changed the moving average for the period of 200-days by -3.53% in comparison to the 20-day moving average, which settled at $17.01. In addition, Barrick Gold Corp. saw -7.85% 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:
- 0.23 for the present operating margin
- 0.3 for the gross margin
The net margin for Barrick Gold Corp. stands at 0.13. The total capital return value is set at 0.06. Equity return is now at value 6.27, with 3.15 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 8.0.
Currently, EBITDA for the company is 4.85 billion with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The receivables turnover for the company is 17.57for 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 3.32.
Conclusion
In conclusion, Barrick Gold Corp. (GOLD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
