The price-to-earnings ratio for Barrick Gold Corp (NYSE: GOLD) is above average at 19.51x, Company’s 36-month beta value is 0.54.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 6 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for GOLD is 1.74B, and currently, short sellers hold a 0.64% ratio of that floaft. The average trading volume of GOLD on November 22, 2024 was 20.71M shares.
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GOLD) stock’s latest price update
Barrick Gold Corp (NYSE: GOLD) has seen a decline in its stock price by -0.17 in relation to its previous close of 18.12. However, the company has experienced a 8.65% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that Investors need to pay close attention to Barrick Gold (GOLD) stock based on the movements in the options market lately.
GOLD’s Market Performance
GOLD’s stock has risen by 8.65% in the past week, with a monthly drop of -10.97% and a quarterly drop of -11.63%. The volatility ratio for the week is 1.98% while the volatility levels for the last 30 days are 2.59% for Barrick Gold Corp The simple moving average for the last 20 days is -1.01% for GOLD stock, with a simple moving average of 1.74% for the last 200 days.
Analysts’ Opinion of GOLD
Many brokerage firms have already submitted their reports for GOLD stocks, with UBS repeating the rating for GOLD by listing it as a “Neutral.” The predicted price for GOLD in the upcoming period, according to UBS is $22 based on the research report published on October 30, 2024 of the current year 2024.
Jefferies gave a rating of “Buy” to GOLD, setting the target price at $21 in the report published on February 29th of the current year.
GOLD Trading at -7.09% 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 -15.27% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -6.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.33% lower at present.
During the last 5 trading sessions, GOLD rose by +9.73%, which changed the moving average for the period of 200-days by +23.28% in comparison to the 20-day moving average, which settled at $18.28. In addition, Barrick Gold Corp saw -0.00% 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:
- 0.17 for the present operating margin
- 0.32 for the gross margin
The net margin for Barrick Gold Corp stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 6.95, with 3.50 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 0.88. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 5.4.
Currently, EBITDA for the company is 5.16 billion with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.61. The receivables turnover for the company is 18.0for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.65.
Conclusion
In a nutshell, Barrick Gold Corp (GOLD) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
